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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="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 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/s1/bo-dcm1109/unit1/self/"><meta property="og:site_name" content="Freedoms4"><meta property="og:title" content="Unit 1"><meta property="og:description" content="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 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 itemprop=name content="Unit 1"><meta itemprop=description content="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 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.
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› <a href=/uninotes/s1/>S1</a> › <a href=/uninotes/s1/bo-dcm1109/>BO DCM1109</a> ›
<a href=/uninotes/s1/bo-dcm1109/unit1/>Unit 1</a> ›
<span>Self</span></nav><div class=uninotes-meta><span class=uninotes-meta__pill>S1</span> <span class=uninotes-meta__pill>BO DCM1109</span>
<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></h3><h2 class=heading id=features-and-nature-of-business>Features and Nature of Business</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</h2><p>A) Value Creation.<br>B) Profit.<br>C) Social.<br>D) Organised.<br>E) Dynanic.</p><h2 class=heading id=scope>Scope</h2><h3 class=heading id=a-industry>A) Industry</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</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</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</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</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</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</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</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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