In
our day-to-day life, we use words like business, commerce, trade. industry,
etc. quite often.
These words have a definite meaning in 'Business Organisation'. In this
introductory unit,
you will learn the exact connotation of such terms. You will also learn the
distinction between
economic and non-economic activities, objectives of business, the
classification of business
activities, importance of 'organisation and the role of entrepreneur in
business.
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