BUSINESS STUDIES. Chapter-1 Nature and purpose of business

LAYOUT OF THE CHAPTER:-
1. History of trade and commerce.
2. Business- concept.
3. Types of human activities-economic and non economic.
4. Objectives of business- economic , social, individual.
5. Role of profit in business.
6. Classification of business activities- Industry, commerce
7. Industry – meaning, types
8. Commerce – trade, auxiliaries to trade
9. Business risk - nature and causes

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