Add: DCM1109 Unit1

content/uninotes/bo-dcm1109-unit1.md

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+date = '2026-04-06T20:48:44+05:30'
+draft = false
+semester = ['S1']
+subjectcode = ['BO DCM1109']
+unit = 'Unit 1'
+title = 'Unit 1'
+toc = true
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+
+## 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)