The main objective of business is to earn a profit. The main objective of a profession is to provide service. The main objective of employment is to earn income in the form of salary by satisfying the employer.

1. Business of the
Fundamentals
Designed by Puneet Jain
B.Com (Computer
Application)
23-11-2018

3. Business
A business is an organization where people work together. In the
business people work to make selling and buying the products and
services. The business can earn a profit for the products and
services it offers.

4. Profession
A profession work to makeoccupation,practice,or
vocationrequiringmasteryof acomplexsetofknowledgeand
skillsthroughformaleducationand/orpracticalexperience. Every
organizedprofession accounting,law,medicine,etc.

5. Employment
Anemployerorpersonwhoishiredforawageor
salary,feepaymenttoperformworkfortheemployer.

6. Name of Different Profession
Commencement
Starts after getting certified from the institution
concerned.
Nature of Work Personal services as a specialist.
Investment Generally a little capital is required.
Risk The degree of rise low.
Quantification Formal quantification is absolutely necessary.
Objective To earn profit through service.
Transfer of interest A professional cannot transfer his interest.
List of efficiency Quality of service provided
Code of conduct There is a code of conduct in profession.

7. Commencement Starts after completing some ledge for if needed.
Nature of Work Production of things and service and buying and
selling.
Investment Capital is needed according to its nature and
size.
Risk
In involved high risk.
Qualification
There is no need of any formal
qualification.
Objective
To earned profit.
Transfer of Interest A business can transfer his interests.
Test of Efficiency Profit earned.
Code of
conduct
No code of conduct for business.
Types of Different
Business

8. Name of
Different Employment
Commencement Start after getting appointment letter.
Nature of Work
Work allowed by the employer according to the
contract.
Investment There is no need of capital.
Risk There is no risk.
Quantification
Formal education is not necessary to case of every
employment.
Objective To earn income through salary or wages.
Transfer of Interest An employee also cannot transfer his interest.
List of Efficiency Dedication to job.
Code of content There is contract instead of code of conduct.

9. Human
Activities
Legal
Lawyer
Medical
Doctor
Accountancy
(C.A)
Professional

10. Human
Activities
Salesman Worker Manager Supervision
Employment

11. Human
Activities
Industry
Advertising
Electronic
goods
Transport Manufacturing
goods
Buying &
Selling
Warehousing
Insurance &
Bank
Business

12. Thank You