Business administration |
---|
Management of a business |
Commercial management is overseeing and handling an organization’s functions and activities involved in the process of exchanging goods, services, or other valuable assets, as well as any income-generating activity; in order to achieve and sustain profitability while minimizing risks and costs.[1] In other words, commercial management is "the identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion".[2]