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 <span class="uninotes-meta__pill uninotes-meta__pill--self">Self</span></div><h1>Unit 1</h1><details class=toc><summary class=toc__summary>Table of Contents</summary><nav id=TableOfContents><ul><li><ul><li><a href=#april-6-2026><em><strong>April 6, 2026</strong></em></a></li></ul></li><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><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><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><nav class=page-nav><a class=page-nav__next-link href=/uninotes/s1/bo-dcm1109/unit2/>Unit 2 →</a></nav></main><footer class=footer><p class=footer__copyright-notice>&copy; <a href=https://freedoms4.org>freedoms4.org</a>
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