Fundamentals of Business detailed syllabus for Commercial Practice (CP) for 2021 revision curriculum has been taken from the SITTTRs official website and presented for the Commercial Practice students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Commercial Practice 1st Sem scheme and its subjects, do visit Commercial Practice (CP) 1st Sem 2021 revision scheme. The detailed syllabus of fundamentals of business is as follows.
Course Objectives:
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Course Outcomes:
On completion of the course, the student will be able to:
- Explain the nature of business and identify the forms of business organizations
- Identify the stages in the formation of joint stock company
- Identify internal and international trade
- Interpret the emerging trends in business
Module 1:
Introduction to the concept of business: Concept of Business – Classification of Business activities – Industry and Commerce – Functions of Commerce – Classification of Commerce – Forms of Business organizations – Sole proprietorship – Meaning, Features, advantages and disadvantages – Partnership – Meaning, Features, advantages and disadvantages -Limited Liability Partnership – Meaning Features, advantages and disadvantages. Cooperative Society – Meaning, features – advantages – disadvantages.
Module 2:
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Module 3:
Classification of trade: Internal trade -Types of internal trade – Services of wholesale trade – Types of retailers – Itinerant retailer – Fixed shop retailer – features of each type of retailers – Documents used in internal trade -International trade – Problems of international trade – compare internal and external trade -benefits of external trade – Export procedure -Import procedure – Documents used in export and import -World Trade Organization – Role of WTO.
Module 4:
Emerging trends in business: – Network Marketing – Structure – merits and demerits -Franchising – features, merits and demerits – Business Process Outsourcing – features, merits and demerits, Need for Outsourcing of Services – Knowledge Process Outsourcing -features -benefits and types of KPO – Digital Economy – Merits and demerits – E-Commerce – Types and Merits. M-Commerce – application – merits and demerits. Business Incubators – Meaning – Definition – Types of Incubators and Incubation services.
Text Books:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
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Reference Books:
- Poonam Gandhi, Business Studies Class 11.
- Sandeep Garg, Business Studies.
- Y.K. Bhushan, Fundamentals of Business Organization and Management.
- Dr K. K. Asokan, A P Krishnan. Corporate Regulations (The companies Act 2013). Calicut University Central Co- Op Stores Ltd – 2018
Online Resources
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdfs platform to make students’s lives easier..
For detailed syllabus of all other subjects of Commercial Practice (CP), 2021 revision curriculum do visit Commercial Practice 1st Sem subject syllabuses for 2021 revision.
To see the syllabus of all other branches of diploma 2021 revision curriculum do visit SITTTR diploma all branches syllabus..
To see the results of Commercial Practice (CP) of diploma 2021 revision curriculum do visit SITTTR diploma Commercial Practice (CP) results..
For all Commercial Practice academic calendars, visit Commercial Practice all semesters academic calendar direct link.