Tag: elements of business

The business activity are of two types :

Enumerators are those persons who gather information by conducting a survey and they report to their higher authorities, who are known as Supervisors.

Profession is a type of paid occupation which involves training, utilization of skills for a prolonged period. Business, profession and employment all are considered economic activities because they consist of exchange of goods and/or services for money.

Howard-Sheth theory explains how consumers behave while buying a product or rendering a service in the market. It assumes that consumer is rational while buying the product and how the consumer is getting affected through physical, symbolic and social characteristics of the product, through marketing and their need for the product or service. 

Non-economic activities are those activities which do not generate any income or money while they are carried out. Patriotism, sentiment, sympathy are all emotions, feelings of an individual whereas teaching is an activity which involves money transfer after it is carried out (unless it is intentionally carried out without any pay). Because a teacher gets salary for teaching, it is not an example of non-economic activity.

In day to day business activities, the term 'relevant' indicates at the applicability of a certain decision that are taken in an organisation. 

The duties of a secretary include keeping the secret information to itself. Hence a personal secretary is a custodian of secret information.

Secretary means an officer who is generally entrusted with the responsibilities of writing and exchanging letters, maintain documents and performing confidential activities on behalf of someone or any organization.

In ancient Indian literature and historical documents the word 'Sachiva' was used for a secretary. Originally, the term 'secretary' was mainly related with the person who does writing work for his master.