Practical, efficient, and professional in manner; getting straight to work without wasting time or being emotional.
From 'business' (work, trade) plus '-like' (similar to or having the quality of); formed in the 1800s to describe someone who acts like they're conducting serious business.
When people praise someone as 'businesslike,' they're saying they notice a person is both honest AND efficient—historically, successful merchants had to be both trustworthy and quick, or competitors would beat them to the profit!
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