This document discusses business and managerial communication. It defines business communication as the sharing of information within a company for commercial benefit, as well as how companies share information to promote products and services. Managerial communication is important as it allows managers to direct daily business activities, get feedback, and avoid misunderstandings. Effective communication is key to business success as it allows companies to share information internally and externally, motivate employees, and work towards common goals. The document also outlines various elements of successful business communication including structure, clarity, consistency, medium used, and ensuring information is relevant.