Unit I Fundamentals of Business
Historical Background of Commerce in the Sub-Continent
Introduction-Barter System-Hindrances of Commerce-Elimination of Hindrances of Business

Objectives of Business
Introduction-Types of Economic Activities-Characteristics of Business-Objectives of Business

Classification of Business Activities
Industry-Commerce as an Economic Activity-Trade

Unit II Forms of Business Organisation
Sole Proprietorship
Introduction-Definition of Sole Trader-Characteristics-Advantages and Disadvantages

Hindu Undivided Family and Partnership
Introduction to HUF-Meaning and Definition of Partnership-Partnership Deed and its Contents-Rights and Duties of Partners-Types of Partners-Procedure for Registration-Drawbacks of Non-Registration of Partnership-Dissolution of Partnership

Joint Stock Company
Meaning and Definition of a Company-Types of Companies-Memorandum of Association-Articles of Association-Prospectus

Cooperative Organisation
Meaning and Definition of a Company-Principles of Cooperation-Features of Cooperatives-Advantages and Disadvantages-Types of Cooperatives

Multi-National Corporations (MNCs)
Meaning and Definition-Advantages and Disadvantages-Examples of MNCs

Government Organisation
Meaning and Features of Departmental Undertaking-Advantages and Disadvantages-Meaning and Features of Public Corporation-Advantages and Disadvantages-Meaning and Features of Government Company-Advantages and Disadvantages

Unit III Service Business – I
Reserve Bank of India
Need for the Study on Service Business-Banking Service-The Historical Development of Banks in India-Bank Definition-Definition of Central Bank-Origin of RBI-Organisation Structure of RBI-Function of RBI

Types of Banks
Introduction-Types of Banks

Functions of Commercial Banks
Primary Functions-Secondary Functions-Diversified Banking Functions-Electronic Banking Functions-Functions of All Commercial Banks in Totality

Warehousing
Meaning of Warehouse and Warehousing-Difference between Warehouse and Warehousing-Types of Warehouses-Types of Warehouses-Functions of Warehouses-Advantages and Drawbacks of Warehousing-Warehousing Documents-Warehousing in India

Transportation
Meaning and Definition of Transport-Types of Transport-Recent Trends in Transportation-Documents Used in Transportation-Common Carrier

Insurance
Meaning and Definition of Insurance-Principle of Insurance-Types of Insurance-Insurance Regulatory Development Authority of India (IRDAI)

Unit IV Service Business – II
Emerging Service Business in India
Franchising-Factoring-Logistics-Outsourcing-E-Commerce

Unit V Service Business – II
Social Responsibility of Business and Business Ethics
Concept of Social Responsibility-Need for Social Responsibility-Arguments For and Against Social Responsibility-Kinds of Social Responsibility-Social Responsibility towards Different Interest Groups

Business Ethics and Corporate Governance
Concept of Business Ethics-Key Elements of Business Ethics-Code of Business Ethics-Corporate Governance-International Benchmarking

Unit VI Business Finance
Sources of Business Finance
Meaning and Nature of Business Finance-Sources of Business Finance-Factors Influencing Choice of Business Finance-Savings-Importance of Savings-Personal Investment Avenues

International Finance
Introduction-Foreign Direct Investment and Institutional Investors-International Capital Market-Global Depositary Receipt (GDR)-American Depository Receipts (ADR)-Foreign Currency Convertible Bonds (FCCB)

Micro, Small and Medium Enterprises (MSME) and Self Help Groups (SHGs)
Micro, Small and Medium Enterprises-Role and Significance of MSMEs-Contribution of MSMEs to Indian Economy-MSME Sector in Tamilnadu-Self Help Groups

Unit VII Trade
Types of Trade
Trade-Meaning-Features of Internal Trade-Foreign Trade

Channels of Distribution
Meaning-Types of Channel of Distribution-Factors Influencing Channel of Distribution-Middlemen-Kinds of Mercantile Agents or Agent Middlemen-Wholesaler-The Characteristics of Wholesalers-Retail Trade – Meaning-Characteristics of Retailers-Distinction between Wholesaler and Retailer

Retailing
Introduction-Types of Retailers-Role of Chamber of Commerce and Industry Associations

Unit VIII International Business
International Business
Nature of International Business-Concept, Meaning and Definition of International Business-Method of Conducting International Business-Features of International Business-Rationale Behind International Business-Differences between Domestic Business and International Business-Types of International Business-Advantages and Disadvantages of International Business

Export and Import Procedures
Export Trade-Import Trade

Facilitators of International Business
World Trade Organisation (WTO)-World Bank-International Monetary Fund (IMF)-South Asian Association for Regional Cooperation (SAARC)

Balance of Trade and Balance of Payments
Balance of Payments (BOP)-Balance of Trade (BOT)

Unit IX The Indian Contract Act
Elements of Contract
Meaning and Definition-Essentials of a Valid Contract-Classification of Contract

Performance of Contract
Introduction-Who will Perform the Contract?-Reciprocal Promises

Discharge and Breach of a Contract
Discharge of Contract-Remedies for Breach of Contract

Unit X Direct and Indirect Taxes
Direct Taxes
Meaning of Tax-Income Tax

Indirect Taxation
Meaning of Indirect Tax-Goods and Services Tax (GST)-GST Council