ANY ACTIVITY WHICH IS DONE FOR THE MONETARY CONSIDERATION OR FOR ECONOMICS GAINS IS TERMED AS ECONOMIC ACTIVITY.
ALL ECONOMIC ACTIVITY CAN BE TERMED AS PRODUCTIVE ACTIVITIES.
A fantastic PPT on the nature and concept of business. This PPT will enable the learners to understand the concepts and fundamentals of business. The PPT includes types of human activities - economic & non-economic activities, types of economic activities - business, profession, employment, features of business, multiple objectives of business, types of business activities, types of industry, classification of commerce, meaning and types of business risk.
ANY ACTIVITY WHICH IS DONE FOR THE MONETARY CONSIDERATION OR FOR ECONOMICS GAINS IS TERMED AS ECONOMIC ACTIVITY.
ALL ECONOMIC ACTIVITY CAN BE TERMED AS PRODUCTIVE ACTIVITIES.
A fantastic PPT on the nature and concept of business. This PPT will enable the learners to understand the concepts and fundamentals of business. The PPT includes types of human activities - economic & non-economic activities, types of economic activities - business, profession, employment, features of business, multiple objectives of business, types of business activities, types of industry, classification of commerce, meaning and types of business risk.
BUSINESS, BEING BUSY ,TRADE,AIDS TO TRADE,OBJECTIVES OF BUSINESS ESSENTIALS ELEMENTS OF BUSINESS,CHARECTERISTICES OF BUSINESS,CLASSIFICATION OF INDUSTRY , INDUSTRY ,RELATIONSHIP BETWEEN COMMERCE TRADE AND INDUSTRY,
BUSINESS, BEING BUSY ,TRADE,AIDS TO TRADE,OBJECTIVES OF BUSINESS ESSENTIALS ELEMENTS OF BUSINESS,CHARECTERISTICES OF BUSINESS,CLASSIFICATION OF INDUSTRY , INDUSTRY ,RELATIONSHIP BETWEEN COMMERCE TRADE AND INDUSTRY,
Business: Meaning, Nature, Objectives, Social Responsibility of Business, Essentials of Successful business, Functional Areas of Business, Concept of Business Organization.
Meaning and Definition
Characteristics or Features
Objective of Business
Economic Objective
Social Objective
Human Objective
National Objective
Global Objective
How to Make a Field invisible in Odoo 17Celine George
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Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
South African Journal of Science: Writing with integrity workshop (2024)
Unit 1 business meaning & CHARACTERISTICS
1. KMB 201- UNIT -1 -PART1
Business-Meaning & Characteristics
Dr .ANURAG KUMAR
ASSOCIATE PROFESSOR
DEPARTMENT OF BUSINESS ADMINISTRATION
ABES –EC GHAZIABAD
2. Business
Business: – The word business technically means a state of
being busy.
All creative human activities relating to the production of
goods or services for satisfying human wants are known as
business. It is also a gainful procedure through which
individuals and groups exchange goods and services.
It confines its study only to those human activities in
relation to exchange of goods and services for money.
Business is a human activity, which is undertaken to
provide goods and services to the people with a view to
earn profit.
3. Business
All human activities may be broadly divided into two categories:
(i) economic activities
(ii) non-economic activities.
The work of a farmer, manufacturer, teacher, doctor, trader
etc. are some examples of economic activities. They are
primarily concerned with the production, distribution and
consumption of goods and services. Economic activities are
undertaken to earn one’s living and for the production of
wealth.
4. Business
Besides economic activities, people also undertake a number of
activities for mental satisfaction. They engage in charitable
work, practice religion, undertake recreational activities and
also do many things out of love for others or out of patriotic
feelings. These activities are known as non-economic activities.
These activities are undertaken not for any material reward or
gain but for one’s happiness, pleasure or satisfaction which can
not be measured in terms of money.
5. Types of Economic Activities
• When a person is regularly engaged in a particular economic activity,
it is known as his or her occupation or vocation. Occupations may be
classified into three categories —
(i) Business,
(ii) Profession and
(iii) Employment (Service).
6. Types of Economic Activities
• Business: Activities connected with the production or purchase and
sale of goods or services with the object of earning profit are called
business activities. Mining, manufacturing, trade, transportation,
insurance, banking are business activities. Thus business may be
defined as an economic activity involving regular production or
purchase and distribution of goods and services with the object of
earning profits.
7. Types of Economic Activities
• Profession:
• Any activity which requires special knowledge and skill to be applied
by an individual to earn a living is known as profession. For example
doctors, teachers, lawyers, engineers and accountants are engaged in
profession. Profession involves intellectual activity. It is not a
mechanical or routine operation.
8. Types of Economic Activities
• Employment
• When a person works regularly for others and gets wages/salary in
return, he is said to be in employment. Thus factory workers, office
assistants and managers are said to be in employment. Those in
employment are called employees. Employment may be in
government department or in private organisation. It may be full-time
or part-time, permanent or temporary.
9. Types of Economic Activities
• The main features of employment are :
(i) Employees always work for others.
(ii) There are certain terms and conditions of work.
(iii) The people involved earn fixed income.
10. Business
Nature of Business: The nature of business is best understood on
the basis of its characteristics or features which are as follows:
1. Business is an economic activity
2. It includes the activities of production or purchase and
distribution.
3. It deals in goods and services.
4. It implies regularity of transactions.
5. It aims at earning profits through the satisfaction of human
wants.
6. It involves risk; it is not certain that adequate profit will be
earned.
7. It creates utilities.
8. It serves a social purpose by improving people’s standard of
living
11. Business
Characteristics of Business:
1. Entrepreneur : There must be some one to take initiative for
establishing a business. The person who recognized. The need for a
product or service is known as entrepreneur. The entrepreneur is a
key figure in the process of economic growth .
2.Economic activities.
3.Deals In Goods And Services: Business always deals in goods and
services .The goods include to both customers goods like clothes
,shoes, toothpaste, and industrial goods like ,raw material, tools
and machinery.
4.Risk : The business involves a greater element of risk and
uncertainty . In fact, a business man tries to foresee the future
uncertainties and plan his business activities accordingly.
12. Business
Characteristics of Business:
5.Profit:Profit is the most important characteristic of business.
Business is started for purpose of earning profit. Profit is driving force
of every business activity.
The incentive of earning profits keeps a person in business and is also
necessary for the continuity of business .This does not mean that
there will be no chances of losses in business.
6.Production : Business always deals on production of goods and
services. The object of business is to provide goods and services to
society for the purpose of earning profit. The goods must be
produced or manufactured .So that these can be sold in market.
7.Sales:Sales are related with the transfer of values .The production
for personal use does not come under the scope of business for
example if a shoe maker makes a pair of shoes and wear himself .This
act is not treated as business. If a person makes a pair of shoes for the
purpose of selling, now this act is treated as business.
13. Business
Characteristics of Business:
8.Finance: Finance is another important character of business . No
businessman can start business without finance ,finance is the lifeblood
of every business organization.
9.Management: Every enterprise needs an organization for its successful
working. Various business activities are divided in to departments
,sections and jobs .and organization creates the framework for
managerial performance and helps in coordinating various business
activities .
10.Regularity: In business, only those transactions are included which
have regularity and continuity .and isolated transactions will not be
called business ,even if the person earns profit from that deal. A person
builds house for himself. but later on sells it on profit.
11.Creation of utility: The goods are provided to the consumer as per
there liking and requirements. Business creates various types of utilities
in goods so that consumer may use them.
14. Business
Characteristics of Business:
12.Consumer Satisfaction: The ultimate aim of business is to
supply goods to the consumers. The goods are produced for the
consumers. If a consumer is satisfied the he will purchase the same
thing again. Otherwise he will go for an alternative commodity.
14.Planning: Planning is the most important character of business
.Planning is related with all the activities of business. Planning is
always based on past experience.