Topics
Introduction of Commerce and Business
Trade
- Concept of Trade
- Internal Trade
- Wholesale Trade
- Retail Trade
- Types of Retailers> Itinerant Retailers
- Types of Retailers> Fixed Shop Retailer
- Small Scale Fixed Retailer
- Large Scale Fixed Retailers
- Departmental Stores
- Super Market Shop
- Chain Stores or Multiple Shops
- One Price Shop
- Concept of Mall
- International Trade
- Export Trade
- Procedure of Export Trade
- Import Trade
- Procedure of Import Trade
- Entrepot Trade
- Comparison of Different Types of Retailers and Trade Practices
Small Scale Industry and Business
Forms of Business Organisation - 1
- Private Sector Organisations
- Sole Trading Concern
- Partnership Firm
- Types of Partners
- Types of Partnerships Firms
- Hindu Undivided Family Business Or Joint Hindu Family Business
- Co-operative Society
- Types of Cooperative Societies
- Joint Stock Company
- Amul: A Successful Co-operative Movement in India
- Private Limited Company
- Public Limited Company
- Comparison of Different Forms of Business Organization
Forms of Business Organisation - 2
Institutes Supporting Business
Business Environment
- Concept of Business Environment
- Importance of Business Environment
- Dimensions of Business Environment
- Internal Factors
- External Factors> Natural Environment
- External Factors> Social Environment
- External Factors> Political Environment
- External Factors> Economic Environment
- External Factors> Technological Environment
- External Factors> Legal Environment
- New Economic Policy and Business
- Liberalisation
- Privatisation
- Globalisation
- Impact of New Economic Policy on Business
Introduction to Management
- Industry and commerce
- Business, Profession, and Employment
- Business and Commerce
Industry and commerce
| Sr. No. | Point of Difference | Industry | Commerce |
|---|---|---|---|
| 1) | Meaning | Production of goods and services | Distribution of goods and services |
| 2) | Location | Factories and workshops | Markets and offices |
| 3) | Utility | Creates a form utility | Creates place, time, and possession utility |
| 4) | Resources | Uses machines and manpower | Requires more manpower |
| 5) | Capital | Requires huge capital | Requires comparatively less capital |
| 6) | Interdependence | Relies on commerce to sell products | Depends on the industry for goods/services |
| 7) | Conducted by | Producers and manufacturers | Traders, mercantile agents, etc. |
| 8) | Status | Primary importance | Secondary importance |
| 9) | Classification | Primary, Secondary, and Tertiary industries | Trade and auxiliaries to trade |
| 10) | Market Force | Represents the supply side of the market | Represents the demand and supply side |
Maharashtra State Board: Class 11
Business, Profession and Employment
| Sr. No. | Point of Difference | Business | Profession |
|---|---|---|---|
| 1) | Meaning | Produces and distributes goods/services | Provides expert services |
| 2) | Reward/Return | Earns profit | Charges fees for services |
| 3) | Capital Investment | Depends on the size and nature of the business | Limited capital, except for the self-employed |
| 4) | Nature of Work | Provides goods and services to the public | Renders personalized expert services |
| 5) | Qualification | No minimum qualification required | Expert knowledge and training required |
| 6) | Decision-Making | Free to make decisions | Expert decisions in the profession |
| 7) | Risk | High risk, uncertain, and irregular profit | Fees are not always certain or regular |
| 8) | Examples | Builders, grocers, supermarkets | Doctors, C.A.s, lawyers |
Maharashtra State Board: Class 11
Business and Commerce
| Sr. No. | Point of Difference | Business | Commerce |
|---|---|---|---|
| 1) | Meaning | Deals with the production and distribution of goods/services | Part of the business, focused on distribution |
| 2) | Scope | Broader (production, distribution, sale) | Narrower (distribution and trade only) |
| 3) | Skill | Requires technical and marketing skills | Requires only marketing skills |
| 4) | Classification | Classified into Industry and Commerce | Classified into trade and auxiliaries |
| 5) | Goal | To earn a profit by producing and selling | To make goods available in the market |
| 6) | Activities | Manufacturing, retailing, and trading | Trade (buying/selling) and auxiliaries |
