Business Organisation

Unit

Topics

I

Business: Concept, Meaning, Features, Stages of Development of Business and Importance of Business. Classification of Business Activities. Meaning, Characteristics, Importance and Objectives of Business Organisation, Evolution of Business Organisation. Difference Between Industry and Commerce and Business and Profession, Modern Business and their Characteristics.                                                                                              [Lectures-22]

II

Promotion of Business: Considerations in Establishing New Business. Qualities of a Successful Businessman. Forms of Business Organisation – Sole Proprietorship, Partnership, Joint Stock Companies and Cooperatives and their Characteristics, Relative Merits and Demerits, Difference Between Private and Public Company, Concept of One Person Company.                                                                                                                           [Lectures-23]

III

Plant Location: Concept, Meaning, Importance, Factors Affecting Plant Location. Alfred Weber’s and Sargent Florence’s Theories of Location. Plant Layout – Meaning, Objectives, Importance, Types and Principles of Layout. Factors Affecting Layout. Size of Business Unit – Criteria for Measuring the Size and Factors Affecting the Size. Optimum Size and factors Determining the Optimum Size.                                                                  [Lectures-25]

IV

Business Combination: Meaning, Characteristics, Objectives, Causes, Forms and Kinds of Business Combination. Rationalisation: Meaning, Characteristics, Objectives, Principles, Merits and demerits, Difference between Rationalisation and Nationalisation.                                                                                             [Lectures-20]