481648
Description
Mind Map by animesh.agarwal, updated more than 1 year ago
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Created by animesh.agarwal
over 10 years ago
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nature and purpose of b/s
- b/s refers to an
occupation in
which people
regularly engage in
activities related to
purchase, sale or
production of
goods and services
with a view of
earning profits
- classification of activities
- economic
- these are done to earn livelihood
- categories
- business
- refers to those
activities which are
connected with the
sale of goods and
services with a
motive of earning
profit
- refers to those
activities which are
connected with the
sale of goods and
services with a
motive of earning
profit
- profession
- includes those
activities that require
special skill and
knowledge
- includes those
activities that require
special skill and
knowledge
- employment
- employment refers
to the occupation in
which people work
for others and get
renumerated in
return
- employment refers
to the occupation in
which people work
for others and get
renumerated in
return
- business
- these are done to earn livelihood
- non-economic
- these are done out of
sympathy and love
- these are done out of
sympathy and love
- economic
- characteristics of b/s
- an economic activity
- production of goods and services
- sale of goods and services
- dealing in sale of goods and services on a regular basis
- profit earning
- risk bearnig
- uncertainity of returns
- an economic activity
- classification of b/s acts
- industry
- PRimary
- extractive
- genetic
- extractive
- secondary
- manufacturing
- processing
- assembling
- analytical
- synthetical
- processing
- construction
- manufacturing
- tertiary
- PRimary
- commerce
- trade
- internal
- retail
- wholesale
- retail
- external
- import
- export
- entreport
- import
- internal
- aux of trade
- advertising
- finance
- transport
- warehousing
- insurance
- advertising
- trade
- industry
- objectives of b/s
- market standing
- innovation
- inovation in product
- innovation in various skills and activities
- inovation in product
- productivity
- physical and financial resources
- earning profits
- manager performance and development
- worker performance and attitude
- social responsibility
- market standing
- business risks
- types
- speculative
- involve both possibily of gain and loss
- involve both possibily of gain and loss
- pure
- possibility of loss or no loss
- possibility of loss or no loss
- speculative
- nature
- b/s risk arise due to uncertainties
- risk is essential
- risk depends mainly upon nature and size of b/s
- profit s the reward for risk bearing
- b/s risk arise due to uncertainties
- cauases
- natural
- human
- economic
- other
- natural
- types
- starting a b/s
- selection of line of b/s
- size of firm
- choice of form of ownership
- location
- financing
- physical facilities
- plant layout
- competent workforce
- tax planning
- launching
- selection of line of b/s
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