Describe the various types of industries. Industry-types: primary, secondary, tertiary- Meaning and subgroups Commerce-trade: (types-internal, external; State the meaning of commerce, trade and wholesale and retail) and auxiliaries to trade; auxiliaries to trade. (banking, insurance, transportation, warehousing, Discuss the meaning of different types of trade communication, and advertising) – meaning and auxiliaries to trade. Examine the role of commerce- trade and auxiliaries to trade. Business risk-Concept Understand the concept of risk as a special characteristic of business. Examine the nature and causes of business risks. Unit 2: Forms of Business organizations 26 Periods Sole Proprietorship-Concept, merits and limitations. After going through this unit, the student/ learner would be able to: List the different forms of business organisations and understand their meaning. Identify and explain the concept, merits and limitations of Sole Proprietorship. Partnership-Concept, types, merits and limitation Identify and explain the concept, merits and of partnership, registration of a partnership firm, limitations of a Partnership firm. partnership deed. Types of partners Understand the types of partnership on the basis of duration and on the basis of liability. Define limited liability partnership. State the need for registration of a partnership firm. Discuss types of partners -active, sleeping, secret, nominal and partner by estoppel. Hindu Undivided Family Business: Concept Understand the concept of Hindu Undivided Family Business. Cooperative Societies-Concept, types, merits, and Identify and explain the concept, merits and limitations. limitations of Cooperative Societies. Understand the concept of consumers, producers, marketing, farmers, credit and housing co-operatives. Company-Concept, merits and limitations; Types: Identify and explain the concept, merits and Private and Public-Concept limitations of private and public companies. Distinguish between a private company and a public company. Formation of company-stages, important document Highlight the stages in the formation of a (Memorandum of Association, Articles of company. Association, Certificate of incorporation and Discuss the important documents used in the Certificate of commencement) formation of a company.
Industry-types: primary, secondary, tertiary- Meaning and subgroups Describe the various types of industries. Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning State the meaning of commerce, trade and auxiliaries to trade. Discuss the meaning of different types of trade and auxiliaries to trade. Examine the role of commerce- trade and auxiliaries to trade. Business risk-Concept Understand the concept of risk as a special characteristic of business. Examine the nature and causes of business risks. Unit 2: Forms of Business organizations 26 Periods Sole Proprietorship-Concept, merits and limitations. After going through this unit, the student/ learner would be able to: List the different forms of business organisations and understand their meaning. Identify and explain the concept, merits and limitations of Sole Proprietorship. Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners Identify and explain the concept, merits and limitations of a Partnership firm. Understand the types of partnership on the basis of duration and on the basis of liability. Define limited liability partnership. State the need for registration of a partnership firm. Discuss types of partners -active, sleeping, secret, nominal and partner by estoppel. Hindu Undivided Family Business: Concept Understand the concept of Hindu Undivided Family Business. Cooperative Societies-Concept, types, merits, and limitations. Identify and explain the concept, merits and limitations of Cooperative Societies. Understand the concept of consumers, producers, marketing, farmers, credit and housing co-operatives. Company-Concept, merits and limitations; Types: Private and Public-Concept Identify and explain the concept, merits and limitations of private and public companies. Distinguish between a private company and a public company. Formation of company-stages, important document (Memorandum of Association, Articles of Association, Certificate of incorporation and Certificate of commencement) Highlight the stages in the formation of a company. Discuss the important documents used in the formation of a company.
6682436911bst_study_mat_16-17.docx