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CONCEPT OF BUSINESS
Friday, 10 June 2011
9) Urbanization
Urbanization:
As business is expanding, it is helping in urbanization. The growth of cities has changed the social life of man. His vision has been broadened. Education facilities have increased.
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3) Innovations
4) Fast Means of Communication and Transport
5) Provision of Credit by Banks
6) Insurance
7) Employment
8) Source of Revenue
9) Urbanization
BUSINESS RISK & CAUSES OF BUSINESS RISK
1) Natural Factor
2) Change in Government Policy
3) Use of Modern Techniques of Production
PROBLEMS BEFORE ESTABLISHING A NEW BUSINESS
1) Selection of Business
2) Provision of Capital
3) Location
4) Fulfillment of Legal Requirements
MAIN SOCIAL RESPONSIBILITIES OF BUSINESS TO SOCIETY
(A). Obligations to itself
(B). To the share holders:
(C). To the employees
(D). To the suppliers of input
(E). To the customers
(F). To the government
(G). To the neighbourhood
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