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Gain an introduction to business communication , its importance, types, and key principles that ensure effective corporate communication . The above elements indicate business communication as a process in which information or news related to business is exchanged between different business parties like customers, suppliers, business clients, employees, etc. for the purpose of effective administration of the business. Learn what business communication is, how it affects the organization, and what are the types, importance, and barriers of communication in business . This web page covers the basics of business communication , its role, tools, and characteristics with examples and references. Business Communication Module I The term Communication is a derivation from communis, communicatio and communicare which are two Latin words. Communis is a noun, which means common, or sharing. Communicare is a verb, which means 'make something common'. ‘Communicatio’ is also a Latin noun which means sharing or imparting. The Oxford Dictionary defines communication as, “the transfer or conveying of meaning”.