You are on page 1of 11

BUSINESS ENVIRONMENT

Chapter 2
NATURE, SCOPE AND OBJECTIVES OF BUSINESS

Scope and Objectives of Business Business System Himalaya Publishing House Business Environment Francis Cherunilam .Chapter 2 Nature.

Each of some of these activities may constitute a business. the marketing stage may involve different businesses like sole distribution. For example. retailing. warehousing.Chapter 2 Nature. Scope and Objectives of Business Business System/Process  The model represented here is an aggregation of macro business system which may encompass numerous business activities of varying nature and dimensions. Himalaya Publishing House Business Environment Francis Cherunilam . transportation. wholesaling. financing etc.

Business which produce Goods Business which Produce Service Business which Distribute Goods Business which Facilitate Distribution of Goods Business which Deal in Finance and Financial Services Himalaya Publishing House Business Environment Francis Cherunilam . 5. 2. Scope and Objectives of Business Classification of Business 1. 3. 4.Chapter 2 Nature.

Chapter 2 Nature. Scope and Objectives of Business Classification of Industries     Classification Based on the Nature of Activity Classification Based on Competitive Structure Size-Based Classification Use-Based Classification Himalaya Publishing House Business Environment Francis Cherunilam .

Basic Industries Mining and quarrying Fertilizers Heavy inorganic chemicals Cement Iron and steel basic industries Non-ferrous basic metals Electricity II. I. Scope and Objectives of Business The following table shows important industries that come under the different categories.Chapter 2 Nature. Capital Goods Industries Hand tools and small tools Specialised equipment Machine tools Agricultural machinery (tractors) Heavy electrical equipment Electric cables and wires Rail road equipment Heavy vehicles Himalaya Publishing House Business Environment Francis Cherunilam .

springs. Consumer Non-durable Goods Food manufacturing Tobacco manufactures Cotton weaving Paper and paper product Rubber foot-wear Drugs and pharmaceuticals Soaps and glycerine Electric lamps Business Environment Francis Cherunilam Himalaya Publishing House . etc. nuts.and plastics Man-made fibres Dye-stuffs Products of petroleum and coal (petroleum refinery products) Bolts. Manufacture of metal Dry cells IV. chains. screws. nails. Scope and Objectives of Business III. Consumer Goods Industries A.Chapter 2 Nature. Consumer Durable Goods Electric fans Telecommunication equipment Motor cycles and bicycles B. Intermediate Goods Industries Cotton Spinning Jute textiles Tyres and tubes Synthetic resins .

Chapter 2 Nature. Scope and Objectives of Business Business Process Himalaya Publishing House Business Environment Francis Cherunilam .

Himalaya Publishing House Business Environment Francis Cherunilam . Objectives.Sequence of Formulation and Achievement. Scope and Objectives of Business Mission. Goals and Targets .Chapter 2 Nature.

Chapter 2 Nature. Scope and Objectives of Business Hierarchy of Objectives Himalaya Publishing House Business Environment Francis Cherunilam .

Chapter 2 Nature. Scope and Objectives of Business Table: Comparison Between Economic and Social Objectives Himalaya Publishing House Business Environment Francis Cherunilam .