Business Organisation

The book has been prepared strictly according to the new syllabus for B.Com. First Year, Semester First effective from the academic session 2021-22 for all State Universities and Colleges of Uttar Pradesh.

Provisions of the Companies Act, 2013 (As amended by the Companies (Amendment) Act, 2020 and Rules framed thereunder) have been incorporated in the chapter on Joint Stock Company and One Person Company. Limited Liability Partnership (Amendment) Act, 2021 as passed by both the Houses of Parliament in August 2021 has been incorporated in the book.

The book has been written in simple language that ensures easy understanding.

Business Organisation Syllabus For B.Com. I Year of Chaudhary Charan Singh University Meerut, Dr. Bhimrao Ambedkar University Agra, Dr. Rammanohar Lohia Avadh University Faizabad, Jananayak Chandrashekhar University Ballia, Mahatma Gandhi Kashi Vidyapith Varanasi, Mahatma Jyotiba Phule Rohilkhand University Bareilly, Veer Bahadur Singh Purvanchal University Jaunpur

I Business: Concept, Meaning, Features, Stages of development of business and importance of business. Classification of Business Activities. Meaning, Characteristics, Importance, and Objectives of Business Organisation, Evolution of Business Organisation. Difference between Industry and Commerce and Business and Profession, Modern Business and their Characteristics.

II Promotion of Business: Considerations in Establishing New Business. Qualities of a Successful Businessman. Forms of Business Organisation: Sole Proprietorship, Partnership, Joint Stock Companies & Cooperatives, and their Characteristics, relative merits and demerits, Difference between Private and Public Company, Concept of One Person Company.

III Plant Location: Concept, Meaning, Importance, Factors Affecting Plant Location. Alfred Weber’s and Sargent Florence’s Theories of Location. Plant Layout: Meaning, Objectives, Importance, Types, and Principles of Layout. Factors Affecting Layout. Size of Business Unit: Criteria for Measuring the Size and Factors Affecting the Size. optimum Size and factors determining the Optimum Size.

IV Business Combination: Meaning, Characteristics, Objectives, Causes, Forms, and Kinds of Business Combination. Rationalization: Meaning, Characteristics, Objectives, Principles, Merits and demerits, Difference between Rationalisation and Nationalisation.

Business Organisation Book Contents

1. Business: Concept, Meaning, and Features
2. Promotion of Business (Considerations in Establishing New Business)
3. Qualities of a Successful Businessman
4. Forms of Business Organisation and Sole Proprietorship
5. Partnership (Including Limited Liability Partnership)
6. Joint Stock Company and One Person Company
7. Co-Operative Organisation
8. Plant Location
9. Plant Layout
10.  Size of Business Unit
11. Business Combination
12. Rationalization