module 1
TRANSCRIPT
Arvinthan . SArvinthan . S
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Business PerspectiveBusiness Perspective
BUSINESS PERSPECTIVESBUSINESS PERSPECTIVES
Business PerspectiveBusiness Perspective
INTRODUCTIONINTRODUCTION
Human beings are generally engaged Human beings are generally engaged in some activity.in some activity.
Business PerspectiveBusiness Perspective
Business PerspectiveBusiness Perspective
Non Economic Activities are Non Economic Activities are undertaken to satisfy the sentimental undertaken to satisfy the sentimental requirement of human beings.requirement of human beings.
These are the activities which do not These are the activities which do not generate any economic gains.generate any economic gains.
Business PerspectiveBusiness Perspective
Business PerspectiveBusiness Perspective
BUSINESSBUSINESS
Business is an economic activity which Business is an economic activity which involves regular production or exchange involves regular production or exchange of goods and services, with the main of goods and services, with the main purpose or earning profits through the purpose or earning profits through the satisfaction of human wants.satisfaction of human wants.
These activities are organized and These activities are organized and performed under the framework of performed under the framework of institution known as business institution known as business organization or firms or enterprise.organization or firms or enterprise.
Business PerspectiveBusiness Perspective
DefinitionDefinition
Business is an institution, organized Business is an institution, organized and operated to provide goods and and operated to provide goods and services to society under the services to society under the incentive of private gain.incentive of private gain.
Business PerspectiveBusiness Perspective
OBJECTIVE OF AN OBJECTIVE OF AN ORGANIZATIONORGANIZATION
MAXIMIZE THE PROFITMAXIMIZE THE PROFIT
MINIMIZE THE COSTMINIMIZE THE COST
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Nature Of BusinessNature Of Business
Dealings in goods and services.Dealings in goods and services.
Production and or exchangeProduction and or exchange
Creation of UtilityCreation of Utility
Regularity and Continuity in DealingsRegularity and Continuity in Dealings
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Profit MotiveProfit Motive
Risk and UncertaintyRisk and Uncertainty
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Scope of BusinessScope of Business
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IndustryIndustry
The activities of extraction, The activities of extraction, production, conversion, processing or production, conversion, processing or fabrication of products are described fabrication of products are described as industries.as industries.
The products of industries are fall in The products of industries are fall in any one of the following three any one of the following three categories.categories.
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Consumer GoodsConsumer Goods
Producer GoodsProducer Goods
Intermediate GoodsIntermediate Goods
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Service IndustryService Industry
CommerceCommerce
Commercial ActivitiesCommercial Activities
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TradeTrade
Aids to tradeAids to trade
Functional Areas of businessFunctional Areas of business
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Business PerspectiveBusiness Perspective
Kinds Of TradeKinds Of Trade
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Kinds Of TradeKinds Of Trade
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Aids To TradeAids To Trade
TransportTransportWarehousingWarehousing InsuranceInsuranceBankingBankingAdvertisingAdvertising
Business PerspectiveBusiness Perspective