Both science and art perspectives can be used to discuss the nature and scope of business economics. The perspective of science considers the cause-effect relationship in all cases. Business economics can be considered as a blend of decision sciences with economic theories. It considers the scientific approach with a special focus on validity check of the results. The scientific approach of business economics help businessmen to plan out strategies towards their goals. Art mainly relies on setting up rules and regulations, which are also an integral part of business economics.