This book presents the fundamentals of business administration upon which the individual functions such as marketing, production, finance, human resources and management are based. It focuses on the following questions:- What is the relevant macroeconomic context for a company?- What are the main characteristics of a company?- Which tasks does managing a company involve?- How important is the environment of a company?- Which goals does a company pursue?The book aims at everyone who deals with these basic questions of business administration and who wants to understand how a company functions in its economic, ecological, social, and legal environment.