1.1 INTRODUCTION: MEANING OF BUSINESS AS A DOMAIN FOR CHANGE
In common parlance, the word “business” means to keep a man busy in some work. Generally, a man may remain busy either for earning the money or for providing some services free of cost as they are included in social services, and if they are for money making, they are included in business and commerce.
Literally, “business” means what keeps one basify or occupied. But every engagement or occupation will not constitute “business.” Only those human activities directed towards earning money or creating profit would come within the purview of the term ‘business.’ An activity in order to become a business should satisfy the following conditions (Fig. 1.1).
Fig. 1.1 Essential features ...
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