INTRODUCTION
Humans engage themselves alternatively between work and life. We work to earn income. We spend (and also save) the income for the sustenance of the self and the family. In the process, daily we engage in numerous transactions and exchange our income for buying various goods and services. Being social and socially aware, we also live a family life and engage in social activities, charities and the like. In this chapter, we elaborate on human activities whilst focusing on business and the domains of business and commercial knowledge.
In today’s world, both earning of income as well as its spending has increasingly become dependent on business and commerce. To begin with, let us view business and commerce as comprising an array of activities for the production, distribution and exchange (buying and selling) of goods and services. Now, whether we work as employees or free lancers or as entrepreneurs, our world of work is made of business organisations. And even if we do not work for a business organisation, much of our spending takes place buying various goods and services that have been produced or provided by business organisations. In all probability, most of the goods that we buy, we do not buy these straight from the producer, but indirectly from second, third or even later intermediary or reseller.
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