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    Prelim Module1 Meaning and Importance of Business Correspondence

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    Noel Constantino
    Business correspondence refers to written communication between parties involved in business, such as companies, customers, and suppliers. It allows parties to communicate efficiently when meeting in person is not possible. Business correspondence serves several important purposes, including maintaining relationships, serving as a formal record, creating and maintaining goodwill, and helping businesses expand in an inexpensive and convenient manner. There are different types of business correspondence, such as internal correspondence between departments of a company, external correspondence with outside parties, and routine correspondence for inquiries and orders.

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    Prelim Module1 Meaning and Importance of Business Correspondence

    Uploaded by

    Noel Constantino
    17 views3 pages
    Business correspondence refers to written communication between parties involved in business, such as companies, customers, and suppliers. It allows parties to communicate efficiently when meeting in person is not possible. Business correspondence serves several important purposes, including maintaining relationships, serving as a formal record, creating and maintaining goodwill, and helping businesses expand in an inexpensive and convenient manner. There are different types of business correspondence, such as internal correspondence between departments of a company, external correspondence with outside parties, and routine correspondence for inquiries and orders.

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    MODULE 1

    Original Title

    PRELIM-MODULE1-MEANING-AND-IMPORTANCE-OF-BUSINESS-CORRESPONDENCE

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    Business correspondence refers to written communication between parties involved in business, such as companies, customers, and suppliers. It allows parties to communicate efficiently when meeting in person is not possible. Business correspondence serves several important purposes, including maintaining relationships, serving as a formal record, creating and maintaining goodwill, and helping businesses expand in an inexpensive and convenient manner. There are different types of business correspondence, such as internal correspondence between departments of a company, external correspondence with outside parties, and routine correspondence for inquiries and orders.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views3 pages

    Prelim Module1 Meaning and Importance of Business Correspondence

    Uploaded by

    Noel Constantino
    Business correspondence refers to written communication between parties involved in business, such as companies, customers, and suppliers. It allows parties to communicate efficiently when meeting in person is not possible. Business correspondence serves several important purposes, including maintaining relationships, serving as a formal record, creating and maintaining goodwill, and helping businesses expand in an inexpensive and convenient manner. There are different types of business correspondence, such as internal correspondence between departments of a company, external correspondence with outside parties, and routine correspondence for inquiries and orders.

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    PRELIM

    LESSON 1: Meaning and Importance of Business Correspondence

    The most convenient way to reach out to people is by sending messages through texts or letters.
    These are a few types of correspondence used in business. We call this as the business correspondence.
    Let us get ourselves familiar with business correspondence.

    Suppose you are given a course project at your college. There are six people in each respective
    group. Suppose you and your five other friends decided to go for a topic. How will you contact them? Is
    it always possible to meet them? Is it always possible to talk to them?

    Suppose you want to ask something to your professor. Suppose he is not in the town that time.
    How will you clear your doubt? Will you wait for him to return? No! You can reach to them by texting
    them or writing emails.

    Business Correspondence
    Just as we express our views, opinions, thoughts, and idea through writing. Business persons also
    feel the need of expressing themselves. It is not always possible for them to remember each and every
    detail in the business.

    They use the simplest way of expressing i.e., written correspondence. A written correspondence
    in the business world is the business correspondence.

    Meaning of Business Correspondence


    ➢ Any communication in the form of the letter is correspondence. Any person related to a business
    expresses oneself though business correspondence. One can also ask any doubt or uncertainty
    through business correspondence.
    ➢ A businessman writes and receives letters in his day-to-day life. A correspondence between two
    organizations or within an organization comes under this category. A letter to a supplier, complaint
    letters, letter of inquiry, job application letters are some of its examples.

    Importance of Business Correspondence


    ➢ A business correspondence has numbers of importance. Its most important feature is the ease of
    reaching and communicating with different parties. It is not always possible to meet persons face
    to face.
    ➢ A business correspondence helps to meet some organizational goals. One can achieve the
    objectives through it. Let us study some of them in details.

    1. Maintaining a Proper Relationship


    ➢ It is not always possible for any business or organization to reach to any person in particular. This
    will cost any business. Here, the business correspondence will be a rescue for any business.
    ➢ It helps in maintaining the proper relationships between the parties. Business correspondence
    strengthens the business. It also helps in the internal communication. It makes communication
    within the organization clearer and precise.

    2. Serves as Evidence
    ➢ Any written form of communication serves as evidence. A business correspondence helps the
    person in a business to keep a record of all the facts. These written records will serve as evidence.

    3. Create and Maintain Goodwill


    ➢ It helps in creating and maintaining goodwill between a business and a customer. Any letter to
    enquire, complaint, suggestion or feedbacks helps a company to grow and maintain goodwill.

    4. Inexpensive and Convenient


    ➢ It is a cheap and convenient form of business communication.

    5. Formal Communication
    ➢ A business communication serves as a formal communication between two persons. It may be a
    seller and a buyer. It can be between an employee and the employer. The language used is formal and
    logical.
    ➢ It helps in removing the ambiguity and the doubts of the person involved in the business. The
    formal communication in business is followed and acceptable.
    6. Helps in the Expansion of Business
    ➢ A business correspondence helps a business to achieve the set goal. It also ensures the expansion
    of a business. With no waste of time and proper utilization of manpower and resources, a business can
    expand.
    ➢ Any information regarding some resources or any product or market can be easily done. Even the
    news of the expansion of business can be spread by it.

    Types of Business Correspondence


    A correspondence is of many types. Let us get ourselves familiar with some of them.

    1. Internal Correspondence
    ➢ It refers to the correspondence between the individuals, departments, or branches of the same
    organization.

    2. External Correspondence
    ➢ It refers to the correspondence between two individuals. These are not of the same organization.
    Any correspondence outside the organization is external correspondence. Customer and suppliers, banks,
    educational institutions, government departments come under this category.

    3. Routine Correspondence
    ➢ It refers to the correspondence on routine manners. A correspondence made for inquiries, orders,
    replies, acknowledgments, invitation, and appointment letters are routine correspondence.

    4. Sales Correspondence
    ➢ It refers to the correspondence related to the sale. Sales letters, sales reports, invoice, and
    confirmation of orders are sale correspondence. Delivery letters, statement of accounts etc. are also some
    of its examples.

    5. Personalized Correspondence
    ➢ It refers to the correspondence based on emotional factors. Letters of the request, recommendation,
    and congratulations are personalized correspondence. Letter of introduction, granting and the refusal of
    terms are some of its examples.

    6. Circulars
    ➢ It refers to the communication of common matter to a large number of persons or firms. Circulars,
    notices of tenders, change of address, an opening of the new branch come under this category. An
    introduction of new products is also its example.
    Solved Example on Business Correspondence
    ❖ Which of the followings are not a business correspondence? Why?

    • Emails
    • Memos
    • Written communication
    • Telephonic Conversation
    • Face to face communication
    Solution: Telephonic conversation and face to face communication. A correspondence is a written
    communication between persons. Any oral communication is not a business correspondence.

    Reference: toppr. Business Correspondence, Meaning and Importance of Business Correspondence.


    Retrieved from: https://www.toppr.com/guides/business-communication-and-ethics/business-
    correspondence/meaning-and-importance-of-business-correspondence

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