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