Final answer:
b) A concise explanation of a specific business-related term.
A 'term definition' in business refers to a concise explanation of a specific business-related term. It is essential for clear communication in business contexts.
Step-by-step explanation:
The correct option that defines the term 'term definition' in business is b) A concise explanation of a specific business-related term.
This means providing a clear and straightforward description of a concept or term used in the world of business. It is important to have a solid understanding of these definitions as they are essential in understanding contracts, business discussions, and educational materials.
Term definition refers to a concise explanation of a specific business-related term. It provides a clear and accurate definition of a particular term used in the business field.
This helps students and professionals understand and use business terminology effectively.
A 'term definition' in business refers to a concise explanation of a specific business-related term. It is essential for clear communication in business contexts.