The term "business sense" refers to an individual's ability to understand and apply sound business practices, strategies, and principles in order to make informed decisions that will lead to success. It involves having a good understanding of market trends, finance management, risk assessment, and effective communication skills. People with strong business sense are able to analyze data, identify opportunities, and develop creative solutions to problems. Essentially, it is the ability to think like a CEO or entrepreneur in making decisions that will benefit the company or organization as a whole.