write short note on:
1. Industrial revolution
2. objective of public enterprise.
3. Business unit.
4. Retail trade
5. Social Audit
Answers
Explanation:
ANSWER
Industrial Revolution, in modern history, the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. This process began in Britain in the 18th century and from there spread to other parts of the world.
4) Thus, there are now two primary forms of adults: biological adults (people who have attained reproductive ability, are fertile, or who evidence secondary sex characteristics) and social adults (people who are recognized by their culture or law as being adults).
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Answer:
ans 1
The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.
ans 2
The objectives of public enterprise are :
I) TO achieve rapid economic development through industrial growth in accordance with the development plans.
2) To channelise resources in the best possible manners for economic growth.
3) To secure public welfare and to reduce inequalities in the distribution of income and wealth.
ans 3
A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. It reports to the headquarters about its operational status.
ans4
Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer. It is the link between wholesalers or manufacturers and the customers of the product. Typically retailers sell goods in small quantities to consumers for personal use, not for resale or business use.
ans 5
a social audit is a way of measuring, understanding, reporting and ultimately improving an organization's social and ethical performance. a social audit helps to narrow gaps between vision/goal and reality, between efficiency and effectiveness.