What Is a Premise in Business

You can use the concept of premise in countless areas, as long as each premise is true and relevant to the topic. The key to laying down a premise or premises (essentially constructing an argument) is to remember that premises are statements that, when put together, lead the reader or listener to a specific conclusion, explains the San Jose State University Writing Center, adding: The writing site gives the example of the story “The three little pigs, ” and notes that the premise is: “Foolishness leads to death, and wisdom leads to happiness. Known history does not try to create an argument, as is the case in philosophy and non-fiction. Instead, history itself is the argument that shows how and why the premise is correct, says Writer`s Digest: The use of the premise extends even to religion and theological arguments. Michigan State University (MSU) gives this example: The only difference between writing nonfiction books and using premises in philosophy is that writing non-fiction books usually doesn`t distinguish between large and small premises. May offers this example of a large and a small premise, as well as a conclusion that mirrors the example of Merriam-Webster: In this sense, the word is always used in the plural, but in the singular in construction. Note that a single house or other piece of land is a “local” and not a “local”, although the word “premises” is plural; For example, “Equipment is with customer”, never “Equipment is with customer”. May notes that the validity of an argument in philosophy (and in general) depends on the correctness and truth of the premise or premises. For example, May gives this example of a bad (or inaccurate) premise: the term premise comes from medieval Latin and means “things mentioned earlier.” In philosophy, fiction, and non-fiction, the premise follows much the same pattern as in Merriam-Webster. The premise – the thing or things that preceded it – leads (or does not lead) to a logical solution in an argument or story. The Stanford Encyclopedia of Philosophy says that an argument can be valid if it follows logically from its premises, but the conclusion can always be wrong if the premises are wrong: When developing one or more premises, consider the reasoning and beliefs not only of your audience, but also of your opponents, San Jose State says. After all, your reasoning is not just about preaching to a like-minded audience, but about convincing others of the correctness of your point of view.

Nonfiction books use the same terminology as in philosophy, such as the syllogism, which Purdue OWL describes as the “simplest sequence of logical premises and conclusions.” The most important assumption that reflects the circumstances of the company`s valuation. Here are the main value premises used by experts: A premise is a sentence on which an argument is based or from which a conclusion is drawn. In other words, a premise contains the reasons and evidence for a conclusion, dit-Study.com. Determine which “givens” you accept that your opponents do not, and where both sides of an argument can find common ground. At this point, you will find effective premises to arrive at your conclusion, notes the writing lab. Non-fiction writers use a premise or premise as the backbone of an article such as an editorial, an opinion piece, or even a letter to the editor of a newspaper. The premises are also useful for developing and writing a draft for a debate. Purdue gives this example: To write non-fiction, the term premise has largely the same definition as in philosophy. Purdue OWL asserts that a premise or premises are integral to constructing an argument. In fact, says the linguistic website operated by Purdue University, the definition of an argument is that it is a “claim of a conclusion based on logical premises.” It should be noted that the same definition or standard of goodwill may apply to different valuation situations and thus to different premises of value. For example, both the buying and selling businesses may negotiate to determine fair market value, but enter into the transaction either on a going concern basis or on an orderly divestiture.