Organisation of Commerce and Management · Class 11 Commerce
Ch 1Introduction of Commerce and Business — Class 11 Organisation of Commerce and Management, concept-first.
This is the opening chapter of the Std XI Organisation of Commerce and Management (OCM) paper, and everything that follows in the syllabus — Trade, Small Scale Industry, the different Forms of Business Organisation, the Institutes that support business, the Business Environment, and Management itself — builds on the vo…
Key concepts
Hover a concept to preview it and jump to its most relevant Q&A.
Business, Industry, Trade and Commerce
Business is the umbrella economic activity of producing or exchanging goods/services for profit, carried on regularly and involving risk.
Most relevant Q&A
- Which branch of business activity is concerned with the production or processing of goods and materials? (a) Commerce (b) Trade (c) Industry…Free
- Commerce is best described as: (a) Only the buying and selling of goods (b) Only the production of goods (c) Trade plus the Aids to Trade (d…Preview
- Distinguish between Industry and Commerce (any three points).Preview
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Overview
This is the opening chapter of the Std XI Organisation of Commerce and Management (OCM) paper, and everything that follows in the syllabus — Trade, Small Scale Industry, the different Forms of Busines…
Business, Industry, Trade and Commerce
Business is any human activity undertaken with the object of earning a profit, by producing or acquiring goods and services and exchanging them with others, carried on regularly and involving an eleme…
Characteristics of Business
A number of features, taken together, distinguish a "business" from other kinds of human activity (a hobby, a charity, or a job held for wages):
Business, Profession and Employment
Every person who earns a livelihood does so through one of three broad forms of "gainful occupation": business, profession, or employment.
Objectives of Business
A business does not exist for a single narrow purpose; it pursues a set of objectives that are usually grouped under two broad heads: economic objectives and social objectives.
Classification of Industries
Industry — the branch of business concerned with producing or processing goods — is broadly classified into Primary Industries and Secondary Industries, based on how far removed the activity is from n…
Growing Importance of Commerce
As production has grown larger in scale and more geographically dispersed — a factory in one state producing for consumers across the whole country or overseas — the gap between producer and consumer…
More questions
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- Q1Which branch of business activity is concerned with the production or processing of goods and materials? (a) Commerce (b) Trade (c) Industry…Free
- Q2Commerce is best described as: (a) Only the buying and selling of goods (b) Only the production of goods (c) Trade plus the Aids to Trade (d…Preview
- Q3A cattle-breeding farm that rears livestock for further reproduction is an example of: (a) Extractive Industry (b) Genetic Industry (c) Manu…Preview