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04 MARKS
BUSINESS…
Business is legally recognized organization which
provides goods and services to the customers in
exchange of money .
MANUFACTURE
TRADE
SERVICE :
Service businesses offer services
and make profit by charging for
labour or other services provided
to the costumers
News media
HOSPITALITY INDUSTRY
HOSPITAL INDUSTRY
MANUFACTURING BUSINESS
Manufacturers make product from raw materials
or components parts which they sell at a profit.
TRADE INDUSTRY
Traders act as middle men in getting goods
produced by manufacturers to the consumers.
Traders make profit in the form of commission.
INDUSTRIAL SECTORS
CIVIL
ELECTRICAL ENGINEERING
ELECTRONICS
AERONAUTICAL
MECHANICAL
PROCESS INDUSTRY
CHEMICAL
AGRO INDUSTRY
THE INDUSTRY THAT USES PLANTS AND
ANIMALS AS THEIR RAW MATERIALS IS
CALLED AGRO INDUSTRY.
VILLAGE INDUSTRY: OWENED AND RULED
BY RURAL HOUSEHOLDS INCLUDES
PRODUCTS LIKE PAPAD, BASKET MAKING
SMALL SCALE INDUSTRY: OWENED BY
MEDIUM INVESTMENT IN WHICH
PRODUCTS ARE HONEY, JAMS
LARGE SCALE INDUSTRY: INVOLVES
LARGE INVESTMENT INCLUDES SUGER,
COTTAN MILL ETC.
INDUSTRIAL SECTORS
ENGINEERING INDUSTRY.
IRON AND STEEL INDUSTRY
AUTOMOBILES INDUSTRY
PROCESS INDUSTRY
PAPER INDUSTRY
CEMENT INDUSTRY
TEXTILE INDUSTRY
CHEMICAL INDUSTRY
PETROCHEMICAL INDUSTRY
AGRO INDUSTRY
SUGAR INDUSTRY
IT INDUSTRY
BANKING AND INSURANCE SECTOR
RETAIL, HOSPITALITY AND HEALTH CARE
SOME OF THE INDUSTRIES IN INDIA
AUTOMOBILE: TATA, MARUTI, ASHOK LAYLAND,
TOYATA, MAHINDRA, KINETIC HONDA ,
FIAT, BAJAJ, FORCE MOTORS
STEEL : SAIL, JSW STEEL, JINDAL STEEL,
TISCO
PAPER : BALLARPUR INDUSTRIES LTD., ITC
BHADRACHALAM (A.P.), PADUMJEE
PULP AND PAPER MILLS LTD, PUNE., STAR PAPERS,
J.K. PAPERS, ORRISA
CEMENT : AMBUJA, BIRLA, J.K, L& T
TEXTILE: BOMBAY DYEING, RAYMONDS,
ARVIND MILLS, CENTURY TEXTILES,
WELSPUN INDIA.
CHEMICAL: RELIANCE, RCF,
KARGIL CO., CIPLA
SOME OF THE INDUSTRIES IN INDIA
PETROCHEMICAL: ONGC, GAIL, RELIANCE,
BP, HP, SHELL, CAIRN INDIA, PETRONET (L&G),
IT SECTOR: WIPRO, TATA, INFOSIS,
SYNTEL, IBM, PERSISTANCE, KPIT
BANKING : SBI, BOB, IOB, OBC,
HDFC, ICICI,
INSURANCE : LIC, BAJAJ ALLIANZ, MAX
LIFE, BIRLA SUNLIFE
RETAIL : DMART, BIG BAZAR,
RELIANCE MART, STAR BAZAR
HOSPITALITY : TAJ, OBEROI, KOHINOOR,
RAMOJI, SAHARA, AMBASSADOR
HEALTH CARE : BIRLA HOPITAL, APOLLO,
GLOBALIZATION
Globalization is the process of transformation of
a regional phenomenon into a global one.
Globalization is a process by which the people of
entire world are unified into a single society and
function together.
Globalization is the process of integrating
national economics into international economy
through trade, foreign investment, migration and
spread of technology.
GATT
GENERAL AGRREMNT ON
TARIFF AND TRADE.
GATT IS TO PROMOT TRADE
ACTIVITIES IN THE WORLD.
IN 1995 GATT IS REPLACED BY
WTO
WTO WORLD TRADE
ORGANIZATION
INDIA IS A MEMBER OF WTO.
ADVANTAGES OF GLOBALIZATION
It has brought huge amount of foreign investment
into the industry.
Indian economy has got boosted
Many foreign companies set up industries in India
which reduces unemployment and poverty.
Indian companies set up plants elsewhere in the
world.
Foreign companies has brought highely advanced
technology.
Increase in information flow
Greater international travel and tourism has
generated employment.
DISADVANTAGES OF
GLOBALIZATION
Increase in competition industries have to
upgrade.
Traditional trade systems faces survival
problems.
The customers prefer to buy foreign goods than
Indian goods.
Due to upcoming technology like robot the
employment has got reduced.
Due to less environmental regulations increase in
pollution.
Imported culture is dangerous to Indian culture.
E.g.: western styles, relationships, family
systems ,etc.
INTELLECTUAL PROPERTY (IP)
Intellectual property (IP) is a legal concept
which refers to creations of the mind for
which exclusive rights are recognized.[1]
Under intellectual property law, owners are
granted certain exclusive rights to a variety
of intangible assets, such as musical, literary,
and artistic works; discoveries and inventions;
and words, phrases, symbols, and designs.
Common types of intellectual property rights
include copyright, trademarks, patents, industria
l design rights, trade dress, and in some
jurisdictions trade secrets.
WHAT ARE INTELLECTUAL
PROPERTY RIGHTS?
Intellectual property rights are the rights given
to persons over the creations of their minds.
They usually give the creator an exclusive right
over the use of his/her creation for a certain
period of time.
INTELLECTUAL PROPERTY RIGHTS
It refers to creations of human mind like
inventions, literacy, and artistic work and
symbols, images and designs used in commerce.
IPR is temporary grants of monopoly intended to
give economic incentives for innovative activity.
IPR HAS THREE TYPES
COPYRIGHT: It is legal right to have control
over the work of writer, artist
PATENT: Legal document which gives legal right
to someone who has invented something to sell
that invention
TRADEMARK: It is name or design belonging to
particular company.
It protects the interest of creator by giving them
exclusive rights over their creations.
IPR protected through law
IPR is the foundation of knowledge based
IMPORTANCE OF IPR
economy.
It is important for insuring competitiveness of
the enterprises.
INTRODUCTION TO LPG
LIBRALISATION : BE LIBERAL
IN BUSINESS POLICIES/ TRADE /
INDUSTRIAL POLICIES
PRIVATISATION: GOVERNMENT
OWNER SHIP OF SOME
ORGNISATION IS GIVEN TO
PRIVATE COMPANIES.
GLOBALIZATION : BUSINESS
THROUGH OUT WORLD.
IMPACT OF LPG:
Purchasing power parity increased.
Money flow increased in Indian economy.
Market expansion is observed.
Import export is increased.
License raj reduced.
New attention to patents and research
work.
Service industry started growing up.
Disinvestment of government companies to
reduce budgetary deficit, to generate
resource, to generate money, to reduce
controls, to reduce corruptions, to reduce
load on government systems.
KEY WORDS
Business
Trade
Retail
Insurance sector
Hospitability
Health care
Globalization
Gatt , WTO
LPG
PSU: public sector undertaking
Privatization.
Employment, employee
Equity , stock market, shares