# Unit 1 on Freedoms4

https://freedoms4.org/uninotes/s1/bo-dcm1109/unit1/ Recent content in Unit 1 on Freedoms4 Hugo en-us your-email@example.com (Freedoms4) your-email@example.com (Freedoms4)

# Unit 1

https://freedoms4.org/uninotes/s1/bo-dcm1109/unit1/self/ Mon, 01 Jan 0001 00:00:00 +0000 your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/bo-dcm1109/unit1/self/<h3 class="heading" id="april-6-2026"> <em><strong>April 6, 2026</strong></em><span class="heading__anchor"> <a href="#april-6-2026">#</a></span> </h3><h2 class="heading" id="features-and-nature-of-business"> Features and Nature of Business<span class="heading__anchor"> <a href="#features-and-nature-of-business">#</a></span> </h2><p>A) Economic Activity.<br> B) Continuous Activity.<br> C) Profit Motive.<br> D) Exchange of goods and services.<br> E) Customer Orientation.<br> F) Risk and Uncertainty.<br> G) Legal and Ethical Compliance.<br> H) Global.</p> <h2 class="heading" id="concept"> Concept<span class="heading__anchor"> <a href="#concept">#</a></span> </h2><p>A) Value Creation.<br> B) Profit.<br> C) Social.<br> D) Organised.<br> E) Dynanic.</p> <h2 class="heading" id="scope"> Scope<span class="heading__anchor"> <a href="#scope">#</a></span> </h2><h3 class="heading" id="a-industry"> A) Industry<span class="heading__anchor"> <a href="#a-industry">#</a></span> </h3><ol> <li>Primary Industry: Extraction of raw material (agriculture, mining).</li> <li>Secondary Industry: Manufacturing.</li> <li>Tertiary Industry: Service (banking, insurance, transport, delivery)</li> <li>Quaternary Sector: Knowledge based services (IT, education/training)</li> <li>Quinary Sector: Services of leading roles (Government services, NGOs)</li> </ol> <h3 class="heading" id="b-commerce"> B) Commerce<span class="heading__anchor"> <a href="#b-commerce">#</a></span> </h3><ol> <li>Trade.</li> <li>Auxiliaries to Trade.</li> </ol> <h3 class="heading" id="c-modern-dimensions-of-business"> C) Modern Dimensions of Business<span class="heading__anchor"> <a href="#c-modern-dimensions-of-business">#</a></span> </h3><ol> <li>E-Business.</li> <li>Green Business.</li> <li>Social Business.</li> <li>Global Business.</li> </ol> <h2 class="heading" id="business-as-a-system"> Business as a System<span class="heading__anchor"> <a href="#business-as-a-system">#</a></span> </h2><p>A) Interdependance.<br> B) Input-Process-Output Model.<br> C) Open System.<br> D) Dynamic Nature.</p>