Revised Syllabus 2021-22


+2 COM  FIRST YEAR 2nd Elective (Compulsory) Paper -1


Unit-I  : Nature, Purpose and Forms of Business Organization

Nature and Purpose of Business Meaning, Characteristics, objectives, Requisites of successful business, Classification of Business activities – Industry, Commerce, Trade and Aids to trade and Business Risk Concept

Forms of Business Organizations Sole Proprietorship: Concept, Importance and Limitations, Partnership: Concept. Types, Importance and Limitations of partnership, Registration of a Partnership Firm, Concept of Partnership Deed and its contents

Unit-II Company, Co-operative Society, Public, Private and Global Enterprises

Company (As per Companies Act, 2013) – Concept, Merits and Limitations; Types, private and Public concept, Distinction between a Public and Private Company, Formation of Company – Stages, Important Documents (Memorandum of Association, Articles of Association, Certificate of Incorporation and Commencement).

Co-operative Society: Meaning, Characteristics, Advantages, and Disadvantages

Unit – III  : Internal Trade Wholesalers- Meaning, Characteristics, Functions & Types

Retailer-meaning, Characteristics and Functions, Types of Retailers, Itinerant retailer, small Independent Retailers, Large Scale Retail Organizations- Departmental Stores, Multiple Shop, Mail Order Business, Super Market, Network Marketing, E- marketing, Service of Retailers to Wholesaler and Consumers, Distinction Between Wholesaler and Retailer.

Unit – Deleted

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