business (noun, busi-ness, \ ˈbɪznəs \) needs (noun, needs, \ niːdz \)
Definition:
- 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
