(SEMISTER 6)

Objective Paper:- 1 Hr 30 Min

Max- 50 Min- 20

C601.1-Describes the importance of Management Process in Business activities.

1.1 Types of Business

1.2 Introduction to Industrial Sectors

1.3 Globalization

An organization or economic system where goods and services are exchanged for one another or for money.

Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

Businesses can be privately owned, not-for-profit or state-owned.

Service

Trade Manufacturing

1.1.1. Service Industry: a) Transportation

b) Education

c) Tele-Communication(eg. BPO)

d) Health

e) Real Estate

f) Travel Toursim

g) Social and Personal Services

a) Steel

b) Leather

c) Mining

d) Fertilizers

e) Consumables

f) Automobile Sector

g) Furniture

h) Cellphones

Types of Industrial Sectors:-

1. Cement Industry

2. Iron and Steel Industry

3. Automobile Industry

4. Paper Industry

5. Textile Industry

6. Jute Industry

This sector are basically concerned with the

distribution of products i.e sale, transfer or exchange of

goods to the consumers.

They are found in operating in the form of:-

a) Wholesale

b) Retail

c) Import and export

d) Investment Trusts

What do you mean by Globalization ?

What is LPG ?

General Agreement on Tariff And Trade( GATT)

WTO

General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade.

Purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences.”

It was signed by 23 nations in Geneva(Switzerland i.e HQ ) on October 30, 1947 and took effect on January 1, 1948.

It lasted until the signature by 123 nations in Marrakesh on April 14, 1994 of the Uruguay Round Agreements, which established the World Trade Organization (WTO) on January 1, 1995

WTO is the only global international organization dealing with the rules of trade between nations.

The goal is to help producers of goods and services, exporters, and importers conduct their business.

Globalization is the process of transformation of a regional phenomenon into a global one.

It is a process by which the people of entire world are unified into a single society and function together.

The process of integrating national economics into international economy through trade, foreign investment, migration and spread of technology.

Market size is increased

Employment opportunities

Conquering foreign markets

Collaboration and Business Merging

Increase in FDI

Identity in Global Market

Overall Economic Development

Increase in Competition

Extreme Industrialization and effects on pollution

More automation reduced work force

Cheap foreign products available

Multinational are making Indian people habitial of using their products

Intellectual property (IP) is a legal concept which

refers to creations of the mind for which exclusive

rights are recognized.

Common types of intellectual property rights

include copyright, trademarks, patents, industrial

design rights, trade dress, and in some

jurisdictions trade secrets.

It is the action of an organization or government selling or liquidating an asset.

The primary objective is to maximize the return on

investment (ROI) on expenditures related to capital

goods, labor and infrastructure.