Introduction to Business

Course Code: BUSA1111

Course Title: Introduction to Business
Credit Hours: 3(3+0)
Prerequisite(s): None

Specific Objectives of course: Introduction to business serves as the foundation of advanced

subjects. The objective of this course is to familiarize students with the fundamental concepts and
equip them with the ambiance of business by introducing forms of business along with its
importance in current situation and also to help them understand jargons of practical businesses.

COURSE OUTLINE:

Introduction and meaning of Business: Types of Business, Characteristics, importance and

objectives of business, Division of business or component of business, Key stakeholders in business

Sole Proprietorship: Concept, Importance, Merits and demerits, Legal status of sole proprietorship

Partnership: Concept, Characteristics, Registered and Un-registered partnership, Partnership

Deed, Types of partners, Rights & liabilities and duties of partners, Admission and withdrawals of
partners, The position of a Minor in partnership, Registration of a firm, Dissolution of a firm

Joint Stock Company: Concept, Characteristics, Features, Merits and demerits, Classification of
companies, Meaning of private limited company, Single member company (SMC), its Merits and
Demerits, Formation stages, Promotion and classification of promoters, Memorandum of
Association, Article of Association, Prospectus and its purpose

Capital: Classes of capital, types of shares, Difference between transfer and transmission of shares,
Debentures and its types, Distinction between shares and debentures

IPOs, Underwriting and Dividend: Concept of Initial Public Offering (IPO), underwriting of shares,
Plough back of profit, Dividend

Company Management, Shareholders and their Rights: Powers and liabilities of directors

Meetings and winding up a company: Kinds of company meeting, Statutory reports, Modes of
winding up a company

Stock Exchanges and Trading of Shares: Introduction of stock exchange, Different types of Trading
Transactions, Exposure of transfer of shares / trading through online transaction

Mergers and Acquisition: Business Merger, Acquisition, Amalgamation meanings and practical
examples

Business Risk: Definition, Basic information about Insurance

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Presentations / Quiz / Academic Visit: For practical exposure/better understandings, the students
may be given presentations for which study of Pre-feasibility studies at https://smeda.org/; may be
assigned, quiz or any business visit may be arranged.

Recommended Study: (Latest Editions)

1. Jeff Madura: Fundamentals of Business

2. M. Saeed Nasir: Introduction to Business
3. Theodore J. Sielaff and John W. Aberle. Introduction to Business. Belmont, California
Wordsworth Publishing Company, Inc.
4. M.H. Ali Business Organization, PBC, Dhaka.
5. Nisar-ud-Din. Business Organization. Aziz Publishers, Lahore.
6. Relevant material available at https://smeda.org/ or any other website advised by Instructor

Note: In addition to the above, any other text or book referred by Instructor can also be included.

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