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<!doctype html><html class=html lang=en-us dir=ltr><head><meta charset=utf-8><meta name=viewport content="width=device-width"><title>Unit 1 | Freedoms4</title><link rel=stylesheet href=/css/style.min.34d0accb85f8ec23ceee8c29eef5907823b531d8acb9e6bdf45a3b37ad028d30.css integrity="sha256-NNCsy4X47CPO7owp7vWQeCO1Mdisuea99Fo7N60CjTA=" crossorigin=anonymous><link rel=icon href=/favicon.ico><meta name=description content=" 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 # Primary Industry: Extraction of raw material (agriculture, mining). Secondary Industry: Manufacturing. Tertiary Industry: Service (banking, insurance, transport, delivery) Quaternary Sector: Knowledge based services (IT, education/training) Quinary Sector: Services of leading roles (Government services, NGOs) B) Commerce # Trade. Auxiliaries to Trade. C) Modern Dimensions of Business # E-Business. Green Business. Social Business. Global Business. Business as a System # A) Interdependance.
B) Input-Process-Output Model.
C) Open System.
D) Dynamic Nature."><meta property="og:url" content="https://freedoms4.org/uninotes/bo-dcm1109-unit1/"><meta property="og:site_name" content="Freedoms4"><meta property="og:title" content="Unit 1"><meta property="og:description" content="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 # Primary Industry: Extraction of raw material (agriculture, mining). Secondary Industry: Manufacturing. Tertiary Industry: Service (banking, insurance, transport, delivery) Quaternary Sector: Knowledge based services (IT, education/training) Quinary Sector: Services of leading roles (Government services, NGOs) B) Commerce # Trade. Auxiliaries to Trade. C) Modern Dimensions of Business # E-Business. Green Business. Social Business. Global Business. Business as a System # A) Interdependance.
B) Input-Process-Output Model.
C) Open System.
D) Dynamic Nature."><meta property="og:locale" content="en_us"><meta property="og:type" content="article"><meta property="article:section" content="uninotes"><meta property="article:published_time" content="2026-04-06T20:48:44+05:30"><meta property="article:modified_time" content="2026-04-06T20:48:44+05:30"><meta itemprop=name content="Unit 1"><meta itemprop=description content="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 # Primary Industry: Extraction of raw material (agriculture, mining). Secondary Industry: Manufacturing. Tertiary Industry: Service (banking, insurance, transport, delivery) Quaternary Sector: Knowledge based services (IT, education/training) Quinary Sector: Services of leading roles (Government services, NGOs) B) Commerce # Trade. Auxiliaries to Trade. C) Modern Dimensions of Business # E-Business. Green Business. Social Business. Global Business. Business as a System # A) Interdependance.
B) Input-Process-Output Model.
C) Open System.
D) Dynamic Nature."><meta itemprop=datePublished content="2026-04-06T20:48:44+05:30"><meta itemprop=dateModified content="2026-04-06T20:48:44+05:30"><meta itemprop=wordCount content="173"><meta itemprop=keywords content="S1,BO DCM1109"><link rel=stylesheet href=/css/custom.css><script>(function(){var e=localStorage.getItem("theme");e&&document.documentElement.setAttribute("data-theme",e)})()</script></head><body class=body><header class=header><div class=brand><img src=/logo.png alt="Freedoms4 logo"><h1>Freedoms4</h1><div class=brand__actions><button class=theme-toggle id=theme-toggle aria-label="Toggle theme" title="Toggle dark/light mode">
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<span class=uninotes-meta__pill>BO DCM1109</span></div><h1>Unit 1</h1><time class=published-date datetime=2026-04-06T20:48:44+05:30>Posted on: April 6, 2026</time><details class=toc><summary class=toc__summary>Table of Contents</summary><nav id=TableOfContents><ul><li><a href=#features-and-nature-of-business>Features and Nature of Business</a></li><li><a href=#concept>Concept</a></li><li><a href=#scope>Scope</a><ul><li><a href=#a-industry>A) Industry</a></li><li><a href=#b-commerce>B) Commerce</a></li><li><a href=#c-modern-dimensions-of-business>C) Modern Dimensions of Business</a></li></ul></li><li><a href=#business-as-a-system>Business as a System</a><ul><li><a href=#b-input-process-output-model>B) Input-Process-Output Model</a></li></ul></li><li><a href=#business-and-environment-interface>Business and Environment Interface</a></li><li><a href=#objectives-of-business>Objectives of Business</a></li><li><a href=#profit-maximization-vs-social-responsibility>Profit Maximization VS. Social Responsibility</a></li></ul></nav></details><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><h3 class=heading id=b-input-process-output-model>B) Input-Process-Output Model<span class=heading__anchor> <a href=#b-input-process-output-model>#</a></span></h3><ol><li>Input.</li><li>Process.</li><li>Output.</li><li>Feedback.</li></ol><h2 class=heading id=business-and-environment-interface>Business and Environment Interface<span class=heading__anchor> <a href=#business-and-environment-interface>#</a></span></h2><p>A) Social Environment.<br>B) Economic Environment.<br>C) Politico-legal Environment.<br>D) Technological Environment.<br>E) International Environment.</p><h2 class=heading id=objectives-of-business>Objectives of Business<span class=heading__anchor> <a href=#objectives-of-business>#</a></span></h2><p>A) Economic.<br>B) Social.<br>C) Human.<br>D) National.<br>E) International.</p><h2 class=heading id=profit-maximization-vs-social-responsibility>Profit Maximization VS. Social Responsibility<span class=heading__anchor> <a href=#profit-maximization-vs-social-responsibility>#</a></span></h2><p>(Research pending)</p></main><footer class=footer><p class=footer__copyright-notice>&copy; 2026 <a href=https://freedoms4.org>freedoms4.org</a></p><p class=footer__theme-info>Built with <a href=https://gohugo.io>Hugo</a> and based on <a href=https://github.com/CyrusYip/hugo-theme-yue>Yue</a> theme</p></footer><script>(function(){var e=document.getElementById("theme-toggle");if(!e)return;function t(){var e=localStorage.getItem("theme");return e?e:window.matchMedia("(prefers-color-scheme: light)").matches?"light":"dark"}function n(e){document.documentElement.setAttribute("data-theme",e),localStorage.setItem("theme",e)}n(t()),e.addEventListener("click",function(){var e=document.documentElement.getAttribute("data-theme")||t();n(e==="dark"?"light":"dark")})})()</script><script>(function(){var e=document.getElementById("mobile-menu-check");if(!e)return;document.addEventListener("click",function(t){if(!e.checked)return;var n=e.closest(".brand__mobile-menu");n&&!n.contains(t.target)&&(e.checked=!1)})})()</script></body></html>