Before moving ahead let us talk about some fundamentals of management. Well, we all are aware of the term Management. We also use this term in our daily life. Let us take an example of a housewife as the person who manages and controls all the household work. She is free to do her work on her own or assign someone else for her help, she has all the available resources by which she can manage and complete her work.

The meaning of the fundamentals of management is to control or organize something. management is the coordination and the administration task to achieve the desired goals. Consider a business enterprise, it may be a company or trading person. In both cases to start and run a business, they need a certain amount of capital (Money), land, and labor.

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