One. Business Environment
One. Business Environment
Concept, and importance of Business Environment.
Meaning, features and importance of Business Environment; Environmental scanning- Meaning.
Dimensions of Business Environment - Micro (Internal and External factors) and Macro (Economic, social, technological, political and legal) - meaning and components.
S.W.O.T. Analysis - A basic understanding of S.W.O.T. (Strength, Weakness, Opportunity and Threat) Analysis.
Two. Financing
Two. Financing
(i) Capital: Sources of finance for sole trader; partnership; Joint Stock Company; financial planning.
Importance of finance for business. Sources of finance for different types of business firms. Meaning, features and importance of financial planning. Factors affecting capital structure. Fixed capital - meaning, factors affecting fixed capital. Working capital - meaning, types; factors affecting working capital. Comparison between fixed and working capital.