sub divisions of business

1. DEFINITION AND CHARACTERISTICS

2.  BUSINESS IS AN ECONOMIC ACTIVITY
WHICH INVOLVES PRODUCTION AND
DITRIBUTION OF GOODS AND SERVICES
 IN WORDS OF URWICK AND HUNT
“ BUSINESS IS ANY ENTERPRISE
WHICH MAKES DISTRIBUTES OR
PROVIDES ANY ARTICLE OR
SERVICE WHICH THE OTHER
MEMBERS OF THE COMMUNITY
NEED AND ARE ABLE AND WILLING
TO PAY FOR “

3. ECONOMIC
ACTIVITY
CREATION
OF UTILITY
PROFIT
MOTIVE
REGULAR
DEALINGRISK
DEALING IN
GOODS AND
SERVICES
SALE ,
TRANSFER AND
EXCHANGE

4.  As its main motive is to earn money , wealth
and profit
 It helps in satisfying needs of businessmen and
their families on one hand and the general
public on the other
 It helps in economic development ( increase in
business, more dev. of country )

5.  Business satisfies human wants by creating
form utility, place utility and utilty of time
 Utility of form- changing the form and making
it useful for consumption
 Utility of place- transported from one place to
another as per the demand
 Utility of time- storage in warehouse to made
the goods available when required

6.  It is the essence of business
 Further capital is generated through profit
made in business
 For growth and expansion , profit is necessary
 However, some ethics must also exist

7.  Risk or Uncertainty of return refers to the lack
of knowledge relating to the amount of money
that the business is going to earn in a given
period.
 Every business involves money (capital) to
earn profits
 Now a days Risk is covered by insurance but
primary risks are always there in business

8.  Business cannot be stagnant, there has to be
continuity and regularity
 Once occurred activity cannot be called
business
 Student selling snacks in the school fair or
selling his old books to junior cannot be called
businessman
 But, for a student giving tutions to younger
student for money regularly will be his
business

9.  If goods are produced not for the purpose of
sale but for personal consumption, it cannot be
called a business activity.
 Selling goods and services for price is the
neccesity
 CAKE PARLOUR, MANISH DRINK CORNER
, LEKHIKA are well known shops. Imagine if
they start consuming their goods. What will
happen?

10. BUSINESS
INDUSTRY
PRIMARY SECONDARY
COMMERCE
TRADE
AIDS TO
TRADE

12.  Extractive industries FARMING

13. MINING

16.  POULTRY

20. TYPE A- Manufacturing industries

21.  ANALYTICAL INDUSTRIES

27. A manufacturing device typical of light industry
(a print machine).

28.  Heavy industry is industry that involves
one or more characteristics such as
large and heavy products; large and
heavy equipment and facilities (such as
heavy equipment, large machine tools,
and huge buildings);
 Light industry is industry that is
usually less capital intensive than
heavy industry, and is more consumer-
oriented than business-oriented