Last Updated on October 20, 2024 by sanjjeett
Hello students, we are providing notes for ICSE class 9 commercial studies. The resources for ICSE Commercial Studies are very less. So, to help icse board students we have created chapterwise notes for class 10 commercial studies. In this article, you will find notes for ICSE Class 9 Commercial Studies Chapter 1 Budgeting. It is a part of Notes for ICSE Class 9 Commercial Studies series.
| Chapter | Commercial and Non-Commercial Activities |
| Type of Material | Notes |
| Board | ICSE |
| Class | 9 |
| Subject | Commercial Studies |
| Unit | Unit 1 Commercial Activities |
| Useful for | Class 9 Studying Students |
| Notes provided | Yes |
| Important Link | ICSE Class 9 Commercial Studies Chapterwise Notes |
Notes on Commercial and Non-Commercial Activities for ICSE Class 9 Commercial Studies
Commercial and Non-Commercial Activities
Human activities can be classified as:
Commercial Activities: Activities which are concerned with the production, consumption, exchange and distribution of goods and services. These activities are undertaken for earning money or livelihood.
Non-commercial Activities: Activities which are performed for pleasure, out of love and affection or out of pity.
Commercial activities can be classified as:
Business
Any activity which is carried on primarily with the objective of earning profit.
Features of Business
(a) Sale and exchange of goods and services for some consideration.
(b) Business enterprise produces or buys goods and services for selling them to others.
(c) Involves a series of dealings
(d) Profit motive
(e) Risk bearing
(f) Creation of utility
(g) Economic activity
(h) Satisfaction of customers
(i) Growth and expansion
(j) Social institution
Objectives of Business
(a) Profit
(b) Growth
(c) Service to society
(d) Market leadership
Types of Business
(a) Industry: It is that part of business activities which is concerned with the production of want-satisfying goods and services through utilization of available material resources.
“Primary Sector: Sector concerned with production and extraction of natural resources.
“Secondary Sector: Sector concerned with producing finished goods.
” Tertiary Sector: Sector concerned with offering intangible goods and services to primary and secondary sector.
(b) Commerce: All functions connected with the buying and selling of goods and services.
Profession: An occupation which involves the rendering of personal services of a special and expert nature.
Features
(a) Specialised knowledge
(b) Service motive
(c) Regulated by professional body
(d) Code of conduct
(e) Restricted entry
Employment: An occupation in which a person works regularly for others and get wages or salary in return.
Features
(a) Work for others
(b) Terms and conditions
(c) Fixed income
Also check
Topics covered in ICSE Class 9 Commercial Studies Chapter 1 Commercial and Non-Commercial
Activities
| 1.1 | Meaning and difference with examples |
| 1.2 | Commercial Activities |
| 1.3 | Non-Commercial Activities |
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Frequently Asked Questions (FAQs) on Commercial Studies Notes for ICSE Class 9
Q1: How should I use the notes to study for ICSE Class 9 Commercial Studies?
A1: To effectively use the notes:
Review Regularly: Regularly review your notes to reinforce your understanding of key concepts.
Highlight Key Points: Identify and highlight important terms, definitions, and concepts.
Practice Questions: Use your notes to answer practice questions and solve sample problems.
Summarize: Summarize lengthy sections into concise points for easier recall.
Q2: How can I effectively take notes for ICSE Class 9 Commercial Studies?
A2: To take effective notes:
Organize Information: Use headings, bullet points, and subheadings to structure your notes clearly.
Be Concise: Write key points and summaries instead of copying text verbatim.
Q3: Are there any recommended textbooks or resources for ICSE Class 9 Commercial Studies?
A3: Recommended resources include:
ICSE Textbooks: Refer to textbooks prescribed by the ICSE board for comprehensive coverage.
Reference Books: Books such as “Commercial Studies for Class 9” by various educational publishers.
Online Resources: Educational websites and online study platforms that offer summaries, sample papers, and additional notes.
