Business Studies Chapter-6

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Class 11 BS Chapter-6

Company Business (Long Definition) Company business refers to all the activities and operations carried out by a company with the main objective of earning profit. These activities can include producing goods, providing services, buying and selling products, investing in projects, or any other legal commercial operation that helps the company achieve its goals. Every company has a clearly defined business purpose mentioned in its memorandum of association, which guides its daily operations and long-term strategies. Company business is conducted systematically and legally, following rules and regulations, to ensure sustainable growth, customer satisfaction, and profitability. Example: Unilever Nepal produces soaps, shampoos, and detergents to sell in the market and earn profit. In short: Company business is the organized and legal activities which performs to make profit and achieve its objectives. Private and Public Company 1. Private Company  A private company is a busine...
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Chapter-3 Planning (Business Studies)

  Chapter-3   Planning   Concept of planning Planning is the process of thinking in advance about what is to be done, how it is to be done, when it is to be done, and who is to do it. It involves setting objectives and deciding the best course of action to achieve those objectives effectively and efficiently .It is the primary and fundamental function of management, because all other managerial functions like organizing, staffing, directing, and controlling depend on planning. According to W.H Newman ” Generally speaking, planning is deciding in advance what is to be done.” Planning involves gathering and analyzing information, forecasting future conditions, evaluating alternatives, and choosing the best possible option. It helps in reducing uncertainty and preparing for changes in the environment. Planning provides a clear sense of direction to the organization, helps in optimum utilization of resources, and ensures that efforts of all members are coordinated...
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Class 11-chapter 11

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