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Unit I                                                                                      
Introduction:  Concept, Nature and Scope of Business; Concept of business as a system; Business and Environment Interface; Business objectives; Profit Maximization vs Social Responsibility of Business; Business Ethics and Values; Code of Conduct and Corporate Governance.  

Unit II                                                                                  
Business Enterprises: Entrepreneurship – Concept & Nature; Locations of Business Enterprise (Weber’s Theory); Government Policy on Industrial Location.  
Forms of Business Organization: Sole Proprietorship, Joint Hindu Family Firm, Partnership firm, Joint Stock Company, Cooperative Organization; Types of Companies, Choice of form of organization; Promotion of a company – stages in formation; documentation (MOA, AOA).  

Unit III                                                                              
Small Business: Scope and role; Government Policies.  
Government & Business Interface: Rationale; Forms of Government and Business Interface.

Unit IV                                                                                  
Multinationals – Concept and role of MNCs; Transactional Corporations (TNCs); International Business Risks.  
Business Combinations – Concept and causes of business combinations; Chambers of Commerce and Industry in India; FICCI, CII, ASSOCHAM, AIMO, etc.