Nature and Purpose of Business
  • oncept and characteristics of business
  • Business, profession and employment −
    • Meaning and their distinctive features
  • Objectives of business −
    • Economic and social role of profit in business
  • Classification of business activities −
    • Industry and Commerce
  • Industry – types −
    • Primary
    • Secondary
    • Tertiary
    • Meaning and sub types
  • Commerce – trade: types
    • Internal
    • External
    • Wholesale
    • Retail
  • Auxiliaries to trade −
    • Banking
    • Insurance
    • Transportation
    • Warehousing
    • Communication
    • Advertising
  • Business risks −
    • Meaning
    • Nature
    • Causes
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