JATIYA KABI KAZI NAZRUL ISLAM UNIVERSITY DEPARTMENT OF MARKETING SYLLABUS st 1 Year 1st Semester Course Code : MKT 111 Course Title : INTRODUCTION TO BUSINESS Credit Hours : 3.00 Prerequisite : None Course Objectives: The students after going through this course will be able to understand the various aspects of business in a holistic manner. This will include private enterprise system, the world economic system and contrast it to other possibilities; various functional areas of business-- accounting, finance, management, and marketing--and how these areas are interrelated by means of information systems. Course Contents: 1. Concepts of Business: Definition of Business, Barter System, Economic Activities of Human Being, Difference between Economic and Non-Economic Activities, Difference among Business, Profession and Employment, Features/Characteristics of Business, Objectives of Business, Role of Profit, Scope of Business, Industry, Types of Industry, Commerce, and Types of Commerce. 2. Location of Business: Introduction, Definition, Importance, Business Location Strategy, Advantages and Disadvantages of Urban and Rural Area for Business Location, and Factors to be Considered in Selecting Appropriate Site for a Business. 3. Sole Proprietorship: Introduction, Definition, Features, Merits and Demerits, and Suitability of Sole Proprietorship. 4. Partnership: Introduction, Definition, Features, Merits and Demerits, Difference between sole trader and partnership, Partnership deed, Main contents of partnership deed, Types of partners, Kinds of partnership, Registration of firms, Procedure for registration, Effects of non- registration, and Dissolution of partnership firm. 5. Joint Stock Company: Definition, Features, Classification of Company, Distinction between Public limited and Private limited company, Formation of company, Memorandum of association, Contents of memorandum of association, Articles of association, Contents of articles of association, and Prospectus. 6. Cooperative Societies: Definition, Features, Objectives, Principles, Types, Formation procedure, Distinction between Co-operative and Joint Stock Company, and Problems of expansion of Cooperatives in Bangladesh. 7. State Enterprise: Definition, State-owned enterprises in Bangladesh, Features, Objectives, Advantages and disadvantages, Reasonability of state enterprise in Bangladesh, and Reasons for failure, Public-Private Partnership (PPP) business. 8. Business Environment: Introduction, Definition, Importance, Dimensions, Internal Factors, and External Factors. 9. Small Scale Industry and Business: Introduction, Definition, Classification, Importance, Advantages, Challenges, Steps in Setting Up of a Small Scale Business, Concept of Startup. 10. Trade: Introduction, Definition, Types, International Trade, Export Trade its Procedure, Import Trade and its Procedure, and Entrepot Trade. 11. Business Combination and MNCs: Causes, Types, and Forms of Business Combination, Types, Levels, Internal and External, Advantages and Disadvantages, MNC, Argument for and against MNCs, Types, Strategies of MNCs to enter in to a business, MNCs in Bangladesh, Growth of EPZs. 12. Institutions for promotion of business: Support Services of Government Institutions, Chamber of Commerce and Industry, Trade Associations, The Dhaka Stock Exchange, The Chittagong Stock Exchange and BSEC. Books Recommended: 1. 2. 3. 4. M.C. Shukla Khan & Arif Richard Norman Ownes May and Baker : : : : Business Organization & Management Essentials of Business Organization & Management Business Organization & Combination Introduction to Business