a) are a set of requirements presented to a private or public enterprise that need to be strictly followed. Such needs include: 1) keeping proper records of the organization’s activities, operations and transactions, 2) adequately supporting and auditing said records, and 3) providing easy access to them to governmental organizations and authorized entities.
b) are problems related to a specific project that have to be resolved in order for the company to follow its organizational goals.
In a Sentence:
Our company tries to meet all the business needs to avoid having any problems with the law.
If the management wants to fulfill all of its business needs, it has to update the accounting records swiftly, as otherwise, the auditing firm will tear the company to pieces.
Since we have a public organization, following the business needs placed in front us comes naturally.
Synonyms and related words: business requirement, organizational goals, business plan, business necessity