DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH

Name : Md.Qadeer Rehman

Designation : Head of Section
Branch :DCCP
Institute : K D R Govt.Polytechnic,
Wanaparthy.
Year / Semester : I Year
Subject : Business Organization
Subject Code : CCP-104
Topic : Scope of Business
Duration : 50 mts each
Sub-Topic : Business
Teaching Aids : PowerPoint, Diagram, Animation
CCP104.1 TO 2 1
Objectives

On completion of this topic, you

would be able to know

● The basic concepts of Business Organization

● The overview of Business

CCP104.1 TO 2 2
Business

Business is defined as “Human activity

directed towards producing or acquiring
wealth through buying or selling of goods.”

•Economic and human activity

•Production/exchange of goods/services, for
profits
•Activity for creating wealth

CCP104.1 TO 2 3
● Business means “A State of being busy”
● Purchasing merchandise articles adding profit and
thereafter selling
● It is an economic and human activity concerned with
operation production, exchange and to get profit

CCP104.1 TO 2 4
 Business is a complex of gainful human activities namely

Manufacturing
Trading
Transportation
Insurance
Warehousing
Banking & Finance

CCP104.1 TO 2 5
Mention ten activities you did today

CCP104.1 TO 2 6
 Human activities

Economic Non economic

Business
Profession Employment

CCP104.1 TO 2 7
Human activities are divided into two types.
a. Economic
b. Non Economic

CCP104.1 TO 2 8
 The acitivity which involves the money
aspect is called Economic Activity.
Ex. Purchase of goods

 The activity which does not involve the

money aspect is called Non Economic
Activity.
Ex. Social Service

CCP104.1 TO 2 9
Employment

An economic activity where an individual gets

remuneration
Ex: Private service/Government Service for remuneration
Business
A human activity to create wealth through Purchase, sale
of goods and services

CCP104.1 TO 2 10
 Characteristics of Business

Risk

Goods & Service

Continuity
For want satisfaction
Of
transactions
Business

Exchange
Profit motive Of
Goods& service

CCP104.1 TO 2 11
● Continuous Process:
 Series of continuous activities
 Satisfy human wants

● Risk
 Business activity gives profit/loss
 Known or unknown risks / uncertainties

● Profit Motive
 Profit
Motive
 Economic activities – Purchase, Production and
Exchange

CCP104.1 TO 2 12
Exchange of Goods & Services
 With an objective to sell
 raw materials are processed
 goods are produced and exchanged to get Profit

Goods & Services for want satisfaction

 A Human being has daily necessities to satisfy his
wants that goods produced by him

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CCP104.1 TO 2 13
Summary

We have discussed about

 Business
 Various activities of Business
 Characteristics of Business

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CCP104.1 TO 2 14
Quiz

1. Business is associated with

a) Economic activity
b) Purchase / Sales and Profit
c) Production and Exchange
d) All the above

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CCP104.1 TO 2 15
2. Business is
• A noneconomic activity
• Related with prayer
• Related with social service
• A state of being busy

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CCP104.1 TO 2 16
Frequently asked questions

• Define the term Business

• Define the Scope of Business
• Explain any in six Characteristics of Business
• Explain the activities of Business

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CCP104.1 TO 2 17
Assignment

 Mention any five economic activates that you come

across in your daily life. Justify your argument

 Give any five non-economic activities that you come

across in your life daily substantiate

CCP104.1 TO 2 18