Business simulations are interactive tools that mimic real-world business scenarios, allowing participants to make decisions and see the outcomes of their choices. These simulations can cover various aspects of business, such as finance, marketing, and operations, providing a hands-on learning experience. They are often used in educational settings and corporate training to enhance strategic thinking and problem-solving skills. Through business simulations, individuals or teams can experiment with different strategies in a risk-free environment. This approach helps develop critical skills like teamwork, leadership, and analytical thinking, making it a valuable resource for both students and professionals looking to improve their business acumen.