Visit for more Learning Resources MANAGEMENT ( 17601) (SEMISTER 6) Visit for more Learning Resources

Examination Scheme :- Objective Paper:- 1 Hr 30 Min Max- 50 Min- 20

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

1. OVERVIEW OF BUSINESS ( 04 marks) 1.1 Types of Business 1.2 Introduction to Industrial Sectors 1.3 Globalization

What do mean by Business? 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.

Types of Business Service Trade Manufacturing

1.1. Types of Business 1.1.1. Service Industry: Transportation Education Tele-Communication(eg. BPO) Health Real Estate Travel Toursim Social and Personal Services

1.1.2 Manufacturing Business Steel Leather Mining Fertilizers Consumables Automobile Sector Furniture Cellphones

1.2 Industrial Sector Types of Industrial Sectors:- Cement Industry Iron and Steel Industry Automobile Industry Paper Industry Textile Industry Jute Industry

Trade 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:- Wholesale Retail Import and export Investment Trusts

1.3 Globalization What do you mean by Globalization ? What is LPG ? General Agreement on Tariff And Trade( GATT) WTO

GATT AND 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

WORLD TRADE ORGANIZATION (WTO) 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 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.

Advantages of Globalization Market size is increased Employment opportunities Conquering foreign markets Collaboration and Business Merging Increase in FDI Identity in Global Market Overall Economic Development

Disadvantages of Globalization 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 Rights (IPR) 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.

Disinvestment 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.

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