COURSE CONTENT:

INTRODUCTION
Basic concepts of business.
The nature and scope of business.
Importance of business
Objectives of business
Historical Development of business
Resources of business
BUSINESS AND SOCIETY
The relationship between business and the society
Public perception of business
FORMS OF BUSINESS OWNERSHIP.
Sole Proprietorship, Partnership, Corporations, Cooperative societies
Merits and Limitations of different business forms
Factors influencing choice of business ownership forms
TYPES OF BUSINESS.
Extractive, Manufacturing, Construction, Service & Merchandising businesses
Micro, Small, Medium, Large business
THE ENVIRONMENT OF BUSINESS.
Meaning of Business Environment
Internal Business environment
External Business environment
Quasi Business environment
PERSPECTIVES OF BUSINESS
Social perspective of Business
Legal perspective of Business
Economic perspective of Business
BUSINESS ETHICS
Meaning of Business ethics
Ethical challenges faced by businesses
SOCIAL RESPONSIBILITIES OF BUSINESS.
The concept of social responsibility of Business
Stakeholders in a Business
Arguments for and against Business social responsibility
Factors influencing social responsibility of business
Strategies to corporate social responsibility
THE FUNCTIONAL AREAS OF BUSINESS.
Finance:
Meaning of Finance
Sources of Business finance
Financial management
Production:
Concept of Production
Production processes
Operations management
Marketing:
Concept of Marketing
Types of Marketing
Functions of Marketing
Marketing Management Philosophies
Marketing mix elements
Accounting:
The principles of Accounting
Classification of accounts /transactions
Recording transactions in the Books of Accounts
Management:
Meaning of Management
Management functions
Organizations and management.
Organizational structure.
Basic principles of management.

STARTING & MANAGING A BUSINESS

Starting a new business
Managing a Business
Business risks and uncertainties.
Principles and practices of contemporary business.
Problems of Nigerian business enterprises.

GOVERNMENT AND BUSINESS

Relationship between Government and Business
The role of government in business.
Reasons for Government intervention in business
Benefits of Government’s regulation of business
Regulatory Bodies in Nigeria and their functions

INTERNATIONAL BUSINESS.

REVISION

GRADING STRUCTURE
Attendance 5%
Assignment 10%
Test 15%
Examination 70%
Total 100%

RECOMMENDED TEXTBOOKS
Introduction to Business by B. Chima Onuoha & O.M.Ogbulu
Introduction to Business by Imoh Akpan
Understanding Business by Nickel, McHugh & McHugh

COURSE LECTURER: Mr Ofonime O. Jeremiah