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Kids, let’s see the next module, explain the various levels of management. Now, management exists everywhere, remember. It’s universal. Management is required in every organisation. Size of the organisation may not be the same. Some are small, some are medium and some are large. So, style […]
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Okay, new module and new chapter, Retail Trade, Retailer and his features. Let’s check, so the trade in which goods are sold to the final consumers directly, in small quantities is known as Retail Trade, nothing else.
A retailer sells varieties, remember, of goods in […]
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Hi, kids, we are going to start with the third chapter of OCM, Private sector, Public sector and Global enterprises. So, let’s enjoy this chapter no. 3. Let’s check up the first module.
And the first question, how are business sectors classified? Now, business organisation […]
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Let’s check next module, explain the objectives of business. Objective is what? End result of the business activity where a business unit wants to reach, your aim and your target. In the earlier days, profit maximisation was the aim, right, of every businessman. But today, business […]
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Let’s see, next module, define business and its features, right. Business state of being busy. It refers to production and distribution of goods and services. Production, conversion of raw material into finished goods. You can see logs of woods being converted into furniture, those are called […]
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Hi, kids we will start with new subject and a new chapter, Organisation of Commerce and Management, under that the very first chapter Nature and Scope or Busy ness of Business, let’s see.
Explain in brief the classification of human activities. What’s the question, human […]
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Okay, students, now let us study, what are the problems faced by roadways and steps to overcome those roadway problems. To start initially with problems of road transport, number 1, poor quality. Students, our roads are of poor quality, which increases the cost of maintenance of […]
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Okay, students, let us continue with some more points of the need for economic reforms.
To continue number five, it was burden of debts. What is this burden of debts, students, all about? In 1990-91, the total debt of government of India stood at 62.5% […]
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Check our next module, it is 1.16 and that covers profit, loss and operating profit. Let’s understand profit, what is profit? Or write a short note on profit. Yes, now this is see-saw, let’s speak on this basis of this particular see-saw. On one side incomes […]
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