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content/uninotes/bo-dcm1109-unit1/live.md

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-draft = false
-semester = ['S1']
-subjectcode = ['BO DCM1109']
-unit = 'Unit 1'
-notecategory = 'Live'
-title = 'Unit 1'
-toc = true
-weight = 1
-url = '/uninotes/s1/bo-dcm1109/unit1/live/'
-uniturl = '/uninotes/s1/bo-dcm1109/unit1/'
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-
-### ***April 6, 2026***
-
-## Features and Nature of Business
-
-A) Economic Activity.  
-B) Continuous Activity.  
-C) Profit Motive.  
-D) Exchange of goods and services.  
-E) Customer Orientation.  
-F) Risk and Uncertainty.  
-G) Legal and Ethical Compliance.  
-H) Global.
-
-## Concept
-
-A) Value Creation.  
-B) Profit.  
-C) Social.  
-D) Organised.  
-E) Dynanic.  
-
-## Scope
-
-### A) Industry
-
-1. Primary Industry: Extraction of raw material (agriculture, mining).
-2. Secondary Industry: Manufacturing.
-3. Tertiary Industry: Service (banking, insurance, transport, delivery)
-4. Quaternary Sector: Knowledge based services (IT, education/training)
-5. Quinary Sector: Services of leading roles (Government services, NGOs)
-
-### B) Commerce
-
-1. Trade.
-2. Auxiliaries to Trade.
-
-### C) Modern Dimensions of Business
-
-1. E-Business.
-2. Green Business.
-3. Social Business.
-4. Global Business.
-
-## Business as a System
-
-A) Interdependance.  
-B) Input-Process-Output Model.  
-C) Open System.  
-D) Dynamic Nature.  
-
-### B) Input-Process-Output Model
-
-1. Input.
-2. Process.
-3. Output.
-4. Feedback.
-
-## Business and Environment Interface
-
-A) Social Environment.  
-B) Economic Environment.  
-C) Politico-legal Environment.  
-D) Technological Environment.  
-E) International Environment.
-
-## Objectives of Business
-
-A) Economic.  
-B) Social.  
-C) Human.  
-D) National.  
-E) International.
-
-## Profit Maximization VS. Social Responsibility
-
-(Research pending)