The correct answer is B. Communication.
Communication is the act of conveying information through the exchange of thoughts, messages, or information, as by speech, visuals, signals, writing, or behavior. It is the process of conveying meaning from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.
In the context of business, communication is essential for ensuring that all employees understand the company’s goals and objectives. This can be done through a variety of channels, such as face-to-face meetings, email, intranets, and company newsletters. By communicating effectively, businesses can ensure that everyone is on the same page and working towards the same goals.
The other options are incorrect because they do not directly relate to the act of communicating. Coordination is the act of working together to achieve a common goal. Annual profit plan is a document that outlines a company’s financial goals for the coming year. Budgeting is the process of estimating and allocating resources to meet financial goals.