1. Overview Of Business
Head of modern life
Affects through wide scope
Production & Supply of goods and services
Tax revenue
An economic activity
2. Types Of Business
Service industry
Mfg business
Trade
Retailing and distribution
Financial
Information business
Utilities
Agro n mining
Transportation
Real Estate
3. Services Enterprises
Services provided to customers
Services provided to Govt. and to
individual
It provides intangible goods or
services
Annual growth rate 28%
Two types of services enterprise
Commercial enterprise
Personal service enterprise
4. Manufacturing Business
Major share in industrial sector
Its products are:-
Analytic, Synthetic, Conditioning,
assembling etc.
Products are sold at particular prices
to earn profit.
5. Trade
One of type of business
Willing exchange of goods and
services
Commerce
Barter system and Modern trend
Wholesale and retail
6. Globalization
It is turning point of Indian economy
Decision of globalization was very
conflicting
Globalization is the process of
integration across societies and
economies
It includes flow of products, services,
labor, finance, information and ideas
across national borders.
7. …..
Global integration depends on
following factors:
Transportation
Communication &
Technology
8. Advantages of Globalization
Market size increased
Business widened
Excellence in output has increased
Collaboration increased
Business merging increased
Increased free trade between nations
Greater flexibility to operate across border
Employment opportunity increased
9. …..
Greater ease and speed of
transportation for goods and people
Reduction of cultural barriers
Spread of democratic ideals
Reduction of likelihood of war
between developed nations
Increase in envt. protection
10. Disadvantages of globalization
Increased flow of skilled & non-skilled
job
Spread of materialistic lifestyle and
attitude
Increased likelihood of economic
disruption
WTO infringe on national and individual
sovereignty
11. …..
Increase in chances of civil war
within developing countries
Increase in open war between
developing countries
Traditional trade system faces
survival problem
Environment is in great trouble due
to extreme industrilization
12. …..
Labour force is reduced due to more
automation
Limitation in investment on
marketing & advt.
Multinationals are making indian
habitual of using their products
13. IPR
Creation of human mind
IPR may be protected at law as like
property
It relates with copyright, trademark,
patent etc.
It gives creators exclusive rights to
creations.
WIPO World Intellectual Property
Rights Day April 26
14. …..
Head office of WIPO at Geneva
Establishment in1967
Helps to increase creative activity
Foundation of knowledge based
economy
