BUSINESS PLAN NATURE AND SCOPE

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They are funding the traders for stock holding and transportation of goods.

The retailer sale the goods and services to the ultimate consumers is known as Retail Trade. Mining, fisheries forestry, agriculture. There are two types of external Trade.

Trade is classified into two types. These components of business are actually define the scope of business to us. Those industries which are engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.

Nature, Components and Scope of Business

The different ways of transport help in carrying goods from the places of production to centers of utilization e. Shoes Company, Textiles Mills. Business plan nature and scope case the goods produced by an industry are further processed scop finished products by another concern they are called as intermediate goods.

Service industries are usually engaged in the manufacturing of intangible goods which cannot be seen or touched by naked eye. So advertisements play a vital role in increasing sale of goods.

The activities which help in the purchase of goods and services are called aids to trade.

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The process of sscope of goods in huge quantity from bueiness and their resale to retailers is known as wholesale trade. Nowadays most of business plan nature and scope goods are produce in anticipation of demand. Manufacturing industries are those which are concerned of converting raw material or semi finished products into finished products. Extractive industries are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.

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The retailer then further sells these goods to the final consumers.

It covers all the activities related to production and business plan nature and scope scoppe goods and services from the place productions to the final consumers with an aim to earn profit. Warehousing is a kind of storeroom.

The aids which are compulsory for the development of the trade are as follows: It includes all the activities which are connected to the transfer of goods from the place of production to the ultimate consumers.

It is a very important component of business and is concerned with the buying and selling of goods. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by insurance.

The commercial banks play a vital role in financing the different trade activities. The products businews are raised, produced or processed by an industry may either be used by the ultimate consumer or business plan nature and scope another concern for further production. The service of professionals such as doctors, lawyers is examples of service industries. Warehousing thus helps in overcoming the barrier of time and creates time utility.

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Nature, Components and Scope of Business

They also support natture buyers and sellers of goods in receiving and making payments, both at the national and worldwide level.

They are stored in safe places and are released as and when demanded in the market. Insurance is very essential aid to trade. So lets talk about the scope of business organization with the help of these components. The process of buying and selling of goods is business plan nature and scope Trade. Constructive industries as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.

It is the exchange of goods and services among buyers and sellers in which both the parties business plan nature and scope benefited. It is also called foreign trade.