Notes on Classification of Business

and go and write classification of business that is today's lesson we'll go and write classification of business write classification of business classification of business okay right classification of business okay now we are going to classify the businesses how we are going to do businesses. So, there are different ways that we can classify businesses. We are going to classify businesses. Why we have to classify businesses? We have to classify businesses to understand what are the types of businesses that we have. Did you understand that? Fine. Okay. Now, in order to classify, we require a classification basis. Example, this classroom using gender, I can classify. How do you classify? Girls, boys, unidentified. Right? So, it is based on gender. It can be unidentified. So, or else, based on height, I can classify, how? 5'4 or more can't see. Somehow, you know, pocket size. Then, the other one is based on weight. 85 kilograms or less and scale is broken we can classify this in the same way we can actually classify into many categories did you understand that? I think you have understood this well did you understand that this classification did you understand that we require first of all what a classification basis we require classification basis now the first classification basis take the first classification basis that we take is ownership ownership now based on ownership we can we can classify businesses into two we can classify businesses into two mona what are those two number one is the ownership is with the individual people individual people thereby they are called as what private private businesses private businesses so thereby what is private businesses Private businesses are the businesses that is owned by the individuals. It is not the government. But there are businesses that is owned by government. Government owned businesses are there. Example, BOC, Bank of Ceylon, People's Bank. Satosa fine so all of them Sipetco all of them are businesses very successful businesses what they are owned by not individuals but the government they are called as what public businesses that you have what Private business and the public business. This is the first classification of business. If you take the businesses based on the ownership, all these businesses based on the ownership, we can divide into two. What are the two, my dear? First one is... Private businesses, public businesses, private businesses, public businesses. Clear? Make it. You can open it when you want. Did I get it right? Okay, fine. Supermanb. Excellent. Hari, quickly we'll write down. Hari, first one we'll write down this. Private businesses, public businesses. Online class, if you tell me, can you understand this? Did you all understand this very well? okay done clear understood fantastic super then we go into the basis go to the second basis fine now in the second basis we are not taking the ownership the same businesses we look at based on their intention which we call it as objective objective but it is objective fine objective or we can call it as aim what is their aim now some most of the people what is their aim why they do businesses but why most of the people so exactly profits my pockets has to be deeper and deeper and deeper and deeper then i'll think my smile becomes brighter and brighter and brighter and brighter why because i don't see students i see a bunch of money comes and in my eyes dollar signs comes why because i do the business for what for profits that's my intention did you understand that so thereby first intention is to get profits am i clear to you so thereby we call it as for profit businesses for profit businesses am i clear to you now sometimes you do not for the profit but it is charitable businesses for example wikipedia i gave the example wikipedia charitable business fine if you take red cross charitable business help page charitable businesses am i clear to you thereby their intention is not to earn profits but to do something else am i clear to you thereby we call this as what non you For profit businesses So the second one is what? Based on the aim we can say is what? For profit businesses and non for profit businesses Some do profit and some do profit Did you understand that? This is really well explained If so, I think it's better to play it with a tug. Let's take a screenshot. Now we are going to go into little complicated one. This is the most common question. This is a little difficult to learn. But we have to learn it for the last time. We have to learn it for the last time. Let's go into the next one. And we go and write. We are going to classify businesses based on what? Based on? Nature of production. You take the businesses and classify based on what? Nature of production. Now this classification is nature of production. How they are made. How they are produced. Am I clear to you? What they are producing based on the nature of the production. Now we are going to classify the businesses. these businesses that we have now we are going to classify them based on nature of the production so based on that we divide into three what are the three first one we say primary production primary businesses or the primary production fine primary businesses second one secondary businesses secondary businesses fine primary business secondary business primary business secondary business fine third one it is what tertiary business Tertiary business So, let's start with the first part 1,2,3,4 Primary, secondary, tertiary Primary, secondary, tertiary Based on the nature of the production, we divide the businesses into three parts Primary, secondary, tertiary Primary, secondary, tertiary Some of you are not used to it Walkie-walkie is like this. We have to walk in the morning. Primary, secondary, tertiary. This is like a Zumba class. If it happens like that, it becomes a zombie in the department. If it doesn't become a zombie, it becomes like this in the department. So, everyone remember. One, two, three, four. Primary, secondary, tertiary. Now, if this happens to you, you will be like this. Primary, secondary, tertiary. You will be like this. primary secondary tertiary again okay one two three four primary secondary tertian primary secondary tertian fine okay this primary businesses we divide into main three parts farming second one fishing and the last one is mining Now, let's finish this and start the next lesson. Let's do it again. Primary, secondary, tertiary. Farming, fishing, mining. Primary, secondary, tertiary. Farming, fishing, mining. Primary, secondary, tertiary. Primary, secondary, tertiary. Farming, fishing, mining. Primary, secondary, tertiary. We don't know what these are, we will learn them later. First, we will make a song out of this. Farming, fishing, mining. Then, we divide this into three parts. We divide into three. Let's start. This is called cultivation, forestry, animal production. We give another name to this, livestock. Let's start. One, two, three, four. Primary, secondary, tertiary. Farming, fishing, mining. Cultivation, forestry, animal production. Primary, secondary, tertiary. Farming, fishing, mining. Cultivation, Forestry, Animal Production Primary Secondary Tertiary Farming, Fishing, Mining Cultivation, Forestry, Animal Production animal animal animal animal animal production fine okay hurry so thereby now we took this now remember guys this one we give another name for this these primary businesses are also called as what primary industry Primary industry I have to say it like this I will say it again Primary industry 1,2,3,4 Primary, secondary, tertiary Primary, secondary, tertiary Farming, fishing, mining Farming, fishing, mining Cultivation, forestry Animal production Cultivation Forestry Animal Animal Animal Animal Animal Production Fine? Somewhat We are very sad Fine? Fine So, this is how we study In the department So, if you don't remember the alphabets It is like Harming, fishing, mining It is a bit different Fine So, let's go to the secondary business Then this is also different. Then this is different from the previous one. This divide into two. One is construction. Sorry, first one manufacturing. Manufacturing. The other one is construction. 1,2,3,4 Primary, Secondary, Tertiary Farming, Fishing, Mining Cultivation, Forestry, Animal Production Manufacturing, Construction construction our one two three four primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction manufacturing construction manufacturing again divide into two Manufacturing again divided into two. What are the two? It will be like this. If you don't have to learn this, you can do this. Now, we have learned this by reading and writing. It's not a game. It's an easy go. It is, first one is process. processed then the other one is assembled fine or process and the other one is assembled even up one two three four primary secondary tertiary Primary, secondary, tertiary. Farming, fishing, mining. Cultivation, forestry, animal production. Manufacturing, construction. Process assembled. primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction process assembled process assembled Now, let's see if we can do it in one go. Honestly, we will do it. 1, 2, 3, 4 Primary, secondary, tertiary Primary, secondary, tertiary Fishing, mining Farming, fishing, mining Cultivation, animal Cultivation, animal manufacturing construction manufacturing construction process assembled now can you see that fine okay then process assembled animal animal animal animal animal production We give another name for this. This is called as what? Secondary businesses. This is called secondary industry. There is primary industry and secondary industry. Next, tertiary businesses. We will talk about tertiary businesses. If you come into the tertiary businesses, we divide into two. One is trade and the other one is auxiliary services. am i creative either trade and auxiliary services one two three four primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction process assembled process assembled trade and auxiliary services trade and auxiliary services trade and auxiliary services trade and auxiliary services process assembled process assembled trade and auxiliary services trade and auxiliary services process assembled process assembled Primary, secondary, tertiary. Farming, fishing, mining. Cultivation, forestry, animal production. Manufacturing, construction. Process assembled. Trade and auxiliary services. Trade and auxiliary services. Trade and auxiliary services. Is it? Yes. Then, we can divide auxiliary services into 5. 1, 2, 3, 4, 5. 5. Now it is clear that if we don't study like this, and if we think that we can study this piece, then it will be like this. Now we have to learn this from the beginning. So, is the business study easy? No, it is easy to study. There are small techniques. We have to learn from these techniques. Game of money, I mean. First one, banking. Banking. Insurance. Telecommunication. Communication. Transportation. Transportation. And last one. Last one is Warehousing Come on 1,2,3,4 Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing 1,2,3,4 Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Santa Claus is coming to town Fine, is it okay? 1, 2, 3, 4 Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Did you remember this part? If you don't remember, you can't remember this part Oxidizers. Banking, insurance, telecommunication, transportation, warehousing. If you have that, let's all get together. 1, 2, 3, 4. Primary, secondary, tertiary. Primary, secondary, tertiary. Farming, fishing, mining. Farming, fishing, mining. Cultivation, forestry, animal production. cultivation forestry animal production manufacturing constructions manufacturing construction process assembled process assembled trade and auxiliary services trade and auxiliary services banking insurance telecommunication transportation warehousing banking insurance telecommunication procession warehousing primary secondary tertiary Primary, secondary, tertiary. Farming, fishing, mining. Cultivation, forestry, animal production. Manufacturing, construction. Process assembled. Trade and auxiliary services Trade and auxiliary services Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Da da da da da da da da da da da da da da da da da da da da da da da da da Nature of the production is over with this Today Am I clicking? Oh thank you Oh my god Automation Hi there. Now is it difficult? Is it difficult now? No, no. So this is a huge chart but now we know. We don't have any problem. Perfectly understand? Okay, let's go. Online class is over. Did you study with me? Fine. Online class students, quickly give me feedback. Did you all study with me? Fine. How many of you studied with me? Tell, yes, fantastic, fantastic understood, yes, studied, okay. Now, let's see what happened to Sindhu in the last part. Atusan, please give this chat. We will give this to Sindhu, so that he can give it to us. Or else, I will also give it to Sindhu. Yes sir, Patveva, fine. Yes sir, fine, okay. How many of your family members came? Who came to sing, studied, sang and danced? Sang and danced also, see. that they have gone into the next level yeah next level right mother also fine hurry one two three four primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction process assembled Process assembled Trade and auxiliary services Trade and auxiliary services Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Warehousing, Warehousing, Warehousing, Warehousing Primary, Secondary, Tertiary Primary, Secondary, Tertiary Some of you are not sure, but it's okay Okay, now this is really a math problem Uduru Now, we will say another name for this. We tell another name for this. Fine? So, we give another name for this also. We say another name for this also. We call this as commerce or services. We don't take this as a lesson. We just take a chart and learn it. Because it is difficult to learn a chart without a chart. If you don't learn a word at home, you will be difficult to learn at home. There are many such things. So, let's play a game. We will take a bottle. I have to sing and dance. I have to sing and dance. Okay, one, two, three. Don't stop. Now, without looking at the board, I will say them one by one. I won't say it. 1, 2, 3, 4 Primate, farming, cultivation, process Trade and Trade and Telecommunication Warehousing Telecommunication Warehousing Warehousing Warehousing Process assembled Trade and Oxidary Services Process assembled Banking, insurance, telecommunication, transportation, warehousing, process assembled. Process assembled. How can we wrap, rock, put a knife in it and take it? It is in the scene. In the class, if a teacher comes to the school, do you know anyone knows Oxford Research? No one even looks. Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Is this a joke? Come on, let's go. Let's go. Now the cigar comes and the shade comes and the thug life goes. And da da da da da. Okay, let's go. I'm a little bit tired. Did you understand that? Okay, then I'll say that I'm tired. I'll go to bed. Okay, tell me what you thought of the online class. Did you enjoy? Fine. If you come here, you'll die of fatigue. Did you all enjoy? Online class students, quickly give me feedback. Yes sir, very well. Thank you. Thank you Thank you. Okay, done. Now, let's make this one clear. Now, we are going to understand each and every one. Sri, we don't have any pain in our eyes. This girl is telling us to do this, we can't even understand. Yes, I enjoyed and understood well. Thank you, son. How many of you have already started schools? Already started schools? How many of you have not yet started schools? We will start schools soon. Hurry. I told my son to talk to his uncle. I told my uncle to talk to his uncle who was far away. I told him to come. I told him to bring a new leaflet. Now we know that we have learnt this from the beginning. So we don't know still what are they. Now first we go and ask what are the primary businesses. We don't know yet, but we will do it. What are the primary businesses? okay tell me what are the primary businesses? Let's see what are the primary businesses? So what are the primary businesses? Primary businesses are the businesses that extract resources from the nature and provide input to other businesses. Am I clear to you? Udha Hari. Now let's take an example. Now imagine a carpenter. Now the carpenter wants what? Wood. I am a person who is very busy and has a lot of work. I am a person who is very busy and has a lot of work. I am not a head. I am making a video like this. I am not making a video like this. It's not that. It's not that. Okay, let's start. I'm not talking, okay? So, I'm a very sad person who is suffering from a lot of pain. I don't have any idea what I'm doing. I'm just cutting and cutting and making a mess. So, what is the point of making a mess? Fine. Ket... sorry, it's not the word, but the word. The word is not a word, but a word. What is it? The word is a word that is used in the word. There is a word that is used in the word. That is the root of the word. It's a very difficult word. If the carpenter wants to... make carpentry work they require what somebody to cut trees and give him did you understand that then who cut trees the people who are engaged in primary businesses did you understand that they give the input for the furnishers to make did you understand that Then the other one, imagine there's a restaurant. Restaurants offer fish dish. In order to offer the fish dish, somebody has to fish, fish, and give fish for the fish dish. Did you understand that? The person who fish, fish, are in where? In the primary businesses. Did you understand that? Am I clear to you? another one then NILVAN MUHUDU TIRI GALMALTI TANIVELA then we have a primary business he is doing a primary business if NILVAN MUHUDU TIRI GALMALTI he is doing a primary business he is extracting resources from the nature he is extracting resources from the nature and what? and provide Inputs to the other businesses. Did you understand that? Did you understand this well? What are the primary businesses? Primary businesses are the businesses that extract resources from nature and provide inputs to other businesses. So, we can say that, Input businesses. we can even call them as what input businesses did you understand that primary businesses are primary businesses are the businesses Climate businesses are the businesses those extract resources from the nature those extract resources from the nature and provide inputs and provide inputs to all other businesses. inputs to all other businesses method to an superior to the literature to Stark good root or it's already examples mana the Buddha fine farming fishing mining examples Lanka farming fishing mining Now these two you can understand. What is mining? Mining is you are extracting gems. What is in the pencil? In the pencil you have mini runs. What is the English word for mini runs? Graphite. So there is graphite, somebody has to what? Fine. I don't know what to do with it. Am I clear to you? So that if you excavate something that we call it as what? Mining. Or we sometimes call it as mining and querying as well. Am I clear to you? So the example of mining is gem mining. So in the word gem mining, graphite mining. Did you understand that? If you do this, you will get the correct answer. It is correct. Now, we will move to the next part. We will move to the next part. Now, we are going to ask how the farming can be divided. How does farming can be subdivided? How does farming can be subdivided? How does farming can be subdivided? Farming can be subdivided into main how many places? Three. Main three. What are the main three? harlem right farming can be divided into main three categories farming can be subdivided into main three categories main three categories The first one is cultivation What are the examples of cultivation? Paddy cultivation, tea cultivation, rubber cultivation, coconut cultivation All of them are cultivation We are cultivating agriculture fine paddy cultivation tea cultivation rubber cultivation coconut cultivation those are the cultivations did you understand that then what do you mean by forestry second one forestry what is forestry you go to the forest and collect things you don't cultivate anything you go to the forest and collect things example bees honey clear me penny you go to the forest and you collect it then ever game of pull along a hagan maipata be cultivation also you can do you can do what that artificial boxes and in the artificial boxes you can actually make be cultivation perfectly understood that or else you can go to the forest and go to the beehives and get the natural what bees honey am i clear to you that is forestry or you go to the forest and collect some eggs of certain birds and you sell am i clear to you or else you go to the forest and collect firewood did you understand that so that means if you or sometimes that you go to the forest and cut some of the creeps then we somehow creeps you know they are very expensive the samariva we couldn't you probably would have heard wallapatta fine wallapatta is a creep well if you take the that creep fine the wallapatta it is one of the main ingredients that is being taken by the perfume manufacturer and it is even prohibited to sell one kilo will cost say about 14 000 15000 sometimes it goes up to 30000 even one kilo thereby people smuggle it but it is prohibited am i clear to you so there are certain medicine there are certain creeps there are certain plants that you even go to forest and collect if that is the case we call it as what forestry did you understand that clear examples collect you collecting bees honey from forest collecting bees honey from forest next one collecting collecting Firewood from forest. You can think and write any number of examples. Now you know what it is. Clear? Hurry. Next one, animal production, right? Or livestock. Third one, right? Animal production or the livestock. okay tell me what is animal production of the livestock if you take example if you are maintaining cows for milk and for meat that is animal production if you are maintaining hens for eggs and for meat animal production if you have sheeps for getting wool and for meat animal production did you understand that perfectly answer that So thereby write taking dairy, dairy means milk, taking dairy from cows. Next one, getting eggs. from hens next one taking wool from sheeps have you any wool yes sir yes sir three bet full fine taking wool from sheeps am i clear to you method of the name people who understood this very well excellent next one now this is primary industry of the primary businesses so the primary industry of the primary businesses are what farming fishing mining so in that farming divide into three cultivation forestry animal production did you understand that method Now, let's talk about secondary businesses. Go and write what is secondary businesses. In online classes, can you repeat the definition? The definition of what? Which definition do you want me to repeat? Fatima, which one? Animal production cannot sell the animals in full. You can. Animal production is even you are selling animals for meat that's fine or you are selling for example if you take now but you have to understand if you take fish you might do fish cultivation fine that is not animal production but if you sell cows if you sell sheeps that is animal production yeah that is what you call livestock which definition that you want to repeat um primary businesses are the businesses that extract resources from the nature and provide inputs to other businesses how did my brother extract resources from the nature and provide inputs to other businesses fine okay superb how do my brother okay done super hot up you know with it Primary businesses, primary industry, secondary industry. Now, what are the secondary businesses? What are the secondary businesses? This is what secondary businesses are. Secondary businesses are obtaining resources from the primary businesses and make finished goods. Finished goods, not services. Am I creative? Not services. This is finished goods. Example. Imagine there is a gem. And you take the gem and make the gold jewellery. That's not engagement. Oh my god. He loves me so much. Ask him. What is this? This is also mining. What is this? Man Mudhu is a beautiful and beautiful thing. It is believed to be a dream. It is a beautiful monster that is more than the mind. It is a great man. You should buy Man Mudhu. Walk Jewellers. So if it is Man Mudhu, it is what? It is a secondary. So if you remember this, you will be able to say, I have bought a new one. This is what? walk jewelers did you understand that? ok, now sing it take a buruta nathum kaluvaraleli this one, walk jewelers am I clear to you? perfectly, ok, now tell me what is secondary business? secondary businesses are the businesses those obtain inputs from the primary businesses and produce finished goods not services, finished goods Where is the carpenter? Here. How is it? Perfectly understood. The carpenter is here. Fisherman? Here. Cutting woods? Here. Farmer? Here. Am I clear to you? But, the one who makes the flour? Here. Did you understand that? You understood it well. Really. Really. Let's go. from the primary businesses and make finish goods and make finish goods So, there are two words to write examples manufacturing right, manufacturing example one, manufacturing ok second one, construction Next question is, explain the difference between manufacturing and construction. Hari, now I am asking a question. Hari, tell me, shoes manufacturing or constructed? Shoes manufacturing or constructed? Manufacturing or constructed? Manufacturing. Am I clear to you? Clear? If you take biscuits manufacturing or constructed? Manufacturing. Garments manufacturing or construction? manufacturing roads manufacturing or constructed constructed am i treated buildings manufacturing or construction constructed bridges manufacturing or constructed constructed am i clear to you thereby what do you mean by manufacturing manufacturing is through a production process the inputs are changed into a different form am i clear to you for example you take the flour and convert into biscuits it is biscuit manufacturing you take the rubber and convert into shoes that you change the form it is manufacturing did you understand that perfectly answer that you take the fabric and convert it form to wearable garments it is manufacturing did you understand that construction is what construction is that you are building something not changing the form but you are building something for example That the building has to be built, the bridge has to be built. Did you understand that? Perfectly understood that. So thereby, you are building something, it is what? You do the construction. Am I clear to you? Perfectly understood that? Change in the input through a production process. Change in the input. Into a production process sorry through the production process Changing input through the production process to a different form of finished good to a different form of finished good is manufacturing. Let's make some examples. Flour change into biscuit. Example, flour change into biscuit. Happens through biscuit manufacturing. clear then write construction is next our construction is building long-term durable Real assets, long-term durable real assets, long-term durable real assets. Example, building construction, road construction. highway construction bridge construction dam construction dam construction dam name a dam construction victoria dam fine construction am i clear to you perfect lines to that How does manufacturing, next question, how does manufacturing is subdivided? How does manufacturing is subdivided? Carefully, how does manufacturing is subdivided? Then write, there are two sub parts there are two sub parts there are two sub parts number one process examples lemo process secretary biscuit manufacturing Garment manufacturing, all of them are processed. Milk powder manufacturing, all of them are processed. Clear? Then what do you mean by assemble? What is assemble? We talk about it in the end. Assembled is what? You take the different parts and you fix it. That is what you call assemble. What do you assemble? Cars, vans, all the automobiles are assembled. TVs assembled. Fridge, fridges assembled. What do you want? What is not in my life? Who? Who? Who? Or is it a thing or a person? What or who is the most important to you? If it is not there, I cannot live. If it is not there, I cannot live. Otherwise, it cannot be not there. What is it? Phone. No one else is afraid of it. If you have a phone, you are fine. Phone is the most important thing in your life. Can I see the hands? Don't say that. Some people in my life don't know the right answer. If I don't have a phone, I'm alone. I don't have a job in life. Do you know that? One person, one person. One person from the other side, right? Two people. 3, 4, some of the idols are like Buddha statues So, Patvevaveva, have a good day Not idols, some of the idols are like this So, Patvevaveva, have a good day Like a Buddha statue Some of them are like this Like this Phone is what? It is manufactured but it is assembled. I might hit you. Perfectly understood that? I will explain it to you quickly. Construction, example, construction, sorry not construction, sorry, assemble, assemble, assemble, sorry, construction, assemble, sorry, sorry. My bad, my bad. Sorry, sorry. What do you mean? Baby, baby, baby. Sorry. I don't know what to say. Now, Justin Bieber fans, Justin Bieber. When you see Justin Bieber with a big head, and his shirt is torn, and he's wearing a six pack, No, he has a real six pack. How do you know? I don't know what to say So any Justin Bieber fans? Justin Bieber fans? 1, 2, 3, 4, 5, 6 One direction fans? One direction haters? Now one direction goes to the other side Sorry this side So the one direction then the haters go to the other direction Alright BTS fans oh my god one two three four five five some how do BTS haters fans let already hate us like no I like some are you hate now I'm actually that be I mean even though some people hate about it that BTS is one of the best girl brands in the world so that's it's actually that they're absolutely I mean I mean there was in 2000 there's something called spice girls spicy girls spice girls now after spice girls BTS is the girl brand girl band that who became that because a very big this thing somehow how dare you In some places, in Korean, they sing like this They sing like this Son, what are you doing? I am not doing anything You are just playing with the toilet Then TV assembled. Mobile phone assembled. Vehicle, TV, mobile phone, fridge assembled. Then Samarata can do this. Iron Man That's all I can say. You see Iron Man? He's like this. You guys are not Iron Man. He's like this. He's wearing a suit and then he's like this. Then he's like this. He's wearing a hat and then he's like this. Batman suit and Iron Man suit is what? assembled I am Stark I am Stark Thanos I am Stark Batman suit It is assembled or manufactured? Batman suit Manufactured or assembled? Manufactured If you assemble, it will be assembled in a short time. What is this? Now, who is Batman's real name? Bruce Wayne. Now, when Bruce Wayne is talking, he talks really nicely, right? Hi, how are you? I am Bruce Wayne. He talks nicely. But, the moment that he goes to that place, and that Naki uncle is there, Naki uncle is going to put him... There's a Naki uncle in that cage kind of a thing There's a Naki uncle is there And Naki uncle is probably helping him to dress And moment he dresses, what will happen? I am Vengeance I am Batman Now I think there is a problem in the suit Why? The Batman suit is I think too tight And thereby imagine that your your Trouser is too tight. What will happen you get constipated right you feel like going to the toilet I'm going to the toilet Batman also has the same thing. He doesn't have to go to the hospital, but he is wearing a suit. He can't talk like that. In other words, he is a good talker. I am Russein. I am Batman. I am vengeance. How can he talk like that? He is wearing a suit. It's not true. He is wearing a big suit. Now, what is the difference between normal man and the superman? What is the difference between normal men and the supermen? Now superman's dress is also manufactured, not constructed. Manufactured. What is the difference between normal men and the supermen? The normal men wear the undergarments under the garment. Supermanman wear the undergarment over the garment. Now, let's see the question that is there. How does Supermanman ride? Let's see how Supermanman rides. Now, have you ever seen Supermanman riding like this? It will be like that. Now have you ever wondered why he is flying with one arm? Have you ever wondered why? Because his undergarment is over the garment. So when he is flying, he is carrying it. So what happens? He is carrying it in one hand. It is not shown in the film. It's going to be a mess. So, when you go to the high end, if you go to the low end, you can see that it's a mess. But if you go to the high end, it's going to be a mess. It's going to be a mess. So, what it is? Manufactured. Manufacturing error. Clear? Perfect lines with that? This is a really good idea, Dushan. Somehow, I feel like I'm going to die. Let's move on to the next one. What is tertiary business? I am Tertiary Businesses. Hi there. Remember guys, Tertiary Businesses are all the services. Now see this, Pooja. This is finished goods. This is input businesses. This is what? All the services. If you name any service that fall into what? Tertiary Businesses. Am I clear to you? Okay. Can be considered as tertiary businesses We know the name of the term very well So, let us see how it is called So, tertiary businesses can be divided into Two parts, what are the two parts? Trade and auxiliary services. Next question, what is the difference between trade and auxiliary services? What is the difference between trade and auxiliary services? What is trade? Trade is Trade is Trade is Trade is Trade is Exchanging goods or services for money that is what you call trade am i clear to you making a transaction which is a exchanging goods and services for money for example today i am doing trade am i clear to you i am doing a service and that service i am exchanging with you for money did you understand that make a hotel that is called as what trade can put the trade can trade is exchanging goods and services for money did you understand that harry hannah pedemo trade is exchanging goods and services exchanging goods and services for money Example supermarket Example supermarket Restaurant Am I clear to you? Then trade Then trade One is Local trade and international trade or else wholesale and retail trade can be divided into two trade can be divided into two a wholesale trade B Retail Trade First one wholesale trade Second one retail trade Now we will discuss about these two questions What are auxiliary services? What are auxiliary services? Remember In order to support the trade The services That is developed is called as Auxiliary services Auxiliary services means The services that is given in order to make the trade more easy and efficient. Example, imagine a supermarket. In order to do the supermarket, supermarket require a warehouse. What is warehouse? A place to store your products. Thereby some businesses might provide a warehousing facility. Am I clear? Then the supermarket requires what? A lorries to transport goods. Thereby if the supermarket does not have lorries on their own there are lorries that the companies that provide lorries and the containers in order to get the goods so that is transportation. Then you require internet facility then the businesses like dialogue mobitel is providing telecommunication facilities. Then in order to do the supermarket you require money funds loans then the banks are providing it. Then for the supermarket you require some kind of a fire insurance as well as the workers has to be insured. Then the insurance companies like Sri Lanka Insurance is providing that. Did you understand that? Did you understand this well? Excellent. Excellent. Did you understand this well? Did you understand this well? Yes. What is the next? Did you understand the online class? Did you understand the online class? Did you understand the online class? Did you understand the online class? So then what is learned by O levels goods and services is secondary and tertiary businesses respectively not only that, it is even the primary businesses is also there So when we say goods and services in O levels Primary businesses and secondary businesses goods, tertiary businesses is services. These two are the goods. These are input goods and these are finished goods. Did you understand? Both of them are goods. Fine, ok, fine, super. then let's go into the next one yes sir extraordinarily understood superb excellent auxiliary services are auxiliary services are auxiliary services are the services that has developed that has developed to make trade more efficient and easy more efficient and easy For example, next star, for example, for a supermarket to do the trade easily, banks like HNB provide loan facilities. Come on. Insurance companies like Sri Lanka Insurance provide fire insurance. Insurance companies like Sri Lanka Insurance provide fire insurance. Telecommunication company companies, telecommunication companies like Dialog provide internet facility. Transportation companies such as such as Maersk Maersk M E R S Maersk Shipping line fine shipping line provide provide shipping facilities warehousing companies Provide storage facilities. Do you understand? So, these are the tools to help us in trading. What do we call those? Those we call it as auxiliary services. Perfectly understood. I have explained it in detail here. Ok, so I have not done any business studies at O-levels here. So, there is no problem. These people don't even know. They know how to do O-levels. So, there is no connection between O-levels and E-levels. I think there is. So, these people have the same. These people have not done this either. You have done this at O-levels, right? Ok. I have done only two. This is the whole part of the olive tree. I have not done the whole olive tree. Look at this. Can you see my son? All these are not olive trees. Olive trees are only here. That too, there is a small part of this. Can you see? Perfectly understood. Next question. What is the difference between What is the difference between wholesale and retail trade? This is done in the old age. Then, what to do in the old age? Wholesale and retail, I know that. If the sale is whole, then wholesale. If the sale has a tail, then retail. Isn't it? We know that wholesale and retail are the same. What is wholesale? It is to sell a whole. No, it is not a hole in a hole. It is a hole in a hole. What is wholesale? You are selling for someone to sell again. that the buyer's intention is not to use it for themselves but to resell if you are selling goods for the purpose of reselling gunna kena gunna apau vikunanna balaganana we call this as what wholesale if the person who is buying buying with the intention of reselling then we call it as what wholesale am i creative What is retail? Buyer is buying the product not for the purpose of reselling but for the purpose of using it by themselves. If you want to buy a book, is it wholesale or retail? Wholesale or retail. You are buying a book for you to write, wholesale or retail? Retail. If you are buying the books to sell it to your friends, is it wholesale or retail? Wholesale. Did you understand that? Clear? Make it clear, sir. What is the meaning of this? If the buyer purchased the product. For the purpose of. reselling that trade is called wholesale trade that sale is called wholesale trade hurry up examples lemo a shop owner buy books from atlas a shopkeeper sorry shop owner buy books from atlas for the reselling purpose for the reselling purpose if the consumer buy the product for the purpose of using by themselves using by themselves it's called retail trade example a student buy an atlas book to write notes of business studies class of business studies class had it then gonna wonder passionately Hanawa Sajika I think Sajika Sajika or Sajika sir are those business types are interconnected of course yes with our all are interconnected all these are interconnected even though we classify like this, all are interconnected Sajika, did you understand? perfectly understood that? someone has said extraordinary explanation thank you very much superb, now we will go to the last one Okay, let's go and get some water today. We have some time left. We started the class a little late today. We had a little technical problem, so we started with a little problem. So, we will move on to the next 10. 10 to 15. 10 to 15, 10 to 16. A little bit more. Okay. Business studies class is more interesting than you think. Business studies is so boring, you think it's boring. But I think it's boring. That's how boring is. When you think it's boring, you think it's just a little bit. It's a little interesting. When you think it's boring, you think it's not boring. It's true. Okay, now let's move on to the next question. Can the businesses be defined as industries plus commerce? Can or cannot? Can the businesses be considered as industries and commerce? Yes or no? Yes or no? This is primary industry. This is secondary industry. That means what? Industries. Plus commerce becomes what? All businesses. Can you see that? This is really clear. Open it. Open it. It's true. Really, Supermanb! Let's take a look at the question. Businesses can be classified as Summation of industries and commerce industries and commerce do you agree explain do you agree explain Now, I want to say that this is a superior way to agree. Let's say, agree with the statement. Full stop. Primary and secondary industries, tertiary businesses can also be considered as commerce thereby when when industries and commerce are added when industries and commerce are added together it covers it covers all businesses okay Business, fine, if I take business, business can be equal to industries plus what? Commerce. How do we say that? Because if you take industries, industries divide into two. Industries divide into two. What it is? Primary industry and secondary industry. I'm going to do if you take commerce commerce is what tertiary businesses it about it una meca to her man or primary business secondary business tertiary business that includes what all businesses did you understand that am I clicking then quickly go and write down this ok done super excellent alright then we have the next question go and write the next question Fine explain explain the interrelationship between explain the interrelationship between trade commerce trade trade commerce. and business trade commerce and business If I take trade commerce and business three things if I take how what is what is the biggest one? What is the biggest one? Trade or commerce or business which one? Business is the biggest Why? Business is what? Business is industries plus commerce. Thereby can you see commerce is only a part of what? Business. am i clear to you then within within that you have what commerce you have commerce within that what is commerce commerce is trade plus auxiliary services Did you understand that? Perfectly understood that. Then if I take trade is what? Then trade is only a part of, trade is a part of what? Commerce. Can you see that? Did you understand that? So thereby biggest ring is the business. Within that ring you have the commerce. Within that ring you have what? Trade. Did you understand One off thing, it is not a business, so thereby it is not retail. If you want to buy a salary from a seller, if you want to buy a salary from a seller, it is not a seller, not an ice cream seller, then it is not selling to the seller, so thereby it becomes a trade. Sri, isn't the commerce is a summation of trade and auxiliary services? Yes, it is trade and commerce is trade and auxiliary services. yes it is fine uh fatima did i answer your question for the fatima fatima yes okay okay done even a liamu out of these three concepts out of these three concepts largest concept is business largest concept is business It is the summation of industries and commerce. It is the summation of industries and commerce. Second one. thereby next are thereby commerce is a part of business full stop next are commerce is trade and auxiliary services trade and auxiliary services trade and auxiliary services fine trade and auxiliary services thus thus trade is a part of commerce trade is a part of commerce next are so next are so trade commerce and business Trade, commerce and business are interrelated concepts. Are interrelated concepts. The method is really well explained. People who understood this fantastically, beautifully, brilliantly well. It is really well explained. Is it correct? No. Then let us do this one step at a time and then continue. Let us do this one step at a time and then continue. We have to do the whole step. Let us do the step and then continue. Let us do it. One, two, three. One, two, three. primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing constructions manufacturing construction process assembled process assembled trade and oxidative services trade and oxidative services banking insurance telecommunication transportation warehousing banking insurance telecommunication transportation warehousing warehousing warehousing process assembled process assembled trade and auxiliary services trade and auxiliary services banking insurance telecommunication transportation warehousing hurry at the bottom a superior to name it a matakaya to stand then matakaya I pardon can dare name Yes, true. Superman. Then, the truth is, I didn't tell anyone. I told everyone. That's it. After the lesson, I didn't tell anyone. I thought I should tell my friends. But, oh my! I didn't tell anyone. Yes. Okay, guys, see you next week. Cheers. unlike nasi puta did you all understand this very well so then should we add the auxiliary services in the equation in the previous no puta because that the auxiliary services is basically it is in the commerce can you see that so in the commerce trade and auxiliary services both are there thereby you take primary industry secondary industry and you add commerce commerce means this entire thing So thereby this plus this plus this it becomes the nature of the production which is businesses. Clear? Fine. Everyone give me feedback. How is it? Did you enjoy the class? Did you enjoy the class? And did you understand very well? Yes. Very well. Fine. Superman guys. Then see you next week. Bye bye. Cheers.

Did you understand that? Fine. Okay.

Now, in order to classify, we require a classification basis. Example, this classroom using gender, I can classify. How do you classify? Girls, boys, unidentified.

Right? So, it is based on gender. It can be unidentified. So, or else, based on height, I can classify, how? 5'4 or more can't see.

Somehow, you know, pocket size. Then, the other one is based on weight. 85 kilograms or less and scale is broken we can classify this in the same way we can actually classify into many categories did you understand that?

I think you have understood this well did you understand that this classification did you understand that we require first of all what a classification basis we require classification basis now the first classification basis take the first classification basis that we take is ownership ownership now based on ownership we can we can classify businesses into two we can classify businesses into two mona what are those two number one is the ownership is with the individual people individual people thereby they are called as what private private businesses private businesses so thereby what is private businesses Private businesses are the businesses that is owned by the individuals. It is not the government. But there are businesses that is owned by government.

Government owned businesses are there. Example, BOC, Bank of Ceylon, People's Bank. Satosa fine so all of them Sipetco all of them are businesses very successful businesses what they are owned by not individuals but the government they are called as what public businesses that you have what Private business and the public business. This is the first classification of business. If you take the businesses based on the ownership, all these businesses based on the ownership, we can divide into two.

What are the two, my dear? First one is... Private businesses, public businesses, private businesses, public businesses.

Clear? Make it. You can open it when you want.

Did I get it right? Okay, fine. Supermanb. Excellent. Hari, quickly we'll write down.

Hari, first one we'll write down this. Private businesses, public businesses. Online class, if you tell me, can you understand this?

Did you all understand this very well? okay done clear understood fantastic super then we go into the basis go to the second basis fine now in the second basis we are not taking the ownership the same businesses we look at based on their intention which we call it as objective objective but it is objective fine objective or we can call it as aim what is their aim now some most of the people what is their aim why they do businesses but why most of the people so exactly profits my pockets has to be deeper and deeper and deeper and deeper then i'll think my smile becomes brighter and brighter and brighter and brighter why because i don't see students i see a bunch of money comes and in my eyes dollar signs comes why because i do the business for what for profits that's my intention did you understand that so thereby first intention is to get profits am i clear to you so thereby we call it as for profit businesses for profit businesses am i clear to you now sometimes you do not for the profit but it is charitable businesses for example wikipedia i gave the example wikipedia charitable business fine if you take red cross charitable business help page charitable businesses am i clear to you thereby their intention is not to earn profits but to do something else am i clear to you thereby we call this as what non you For profit businesses So the second one is what? Based on the aim we can say is what? For profit businesses and non for profit businesses Some do profit and some do profit Did you understand that? This is really well explained If so, I think it's better to play it with a tug.

Let's take a screenshot. Now we are going to go into little complicated one. This is the most common question.

This is a little difficult to learn. But we have to learn it for the last time. We have to learn it for the last time. Let's go into the next one. And we go and write.

We are going to classify businesses based on what? Based on? Nature of production.

You take the businesses and classify based on what? Nature of production. Now this classification is nature of production.

How they are made. How they are produced. Am I clear to you?

What they are producing based on the nature of the production. Now we are going to classify the businesses. these businesses that we have now we are going to classify them based on nature of the production so based on that we divide into three what are the three first one we say primary production primary businesses or the primary production fine primary businesses second one secondary businesses secondary businesses fine primary business secondary business primary business secondary business fine third one it is what tertiary business Tertiary business So, let's start with the first part 1,2,3,4 Primary, secondary, tertiary Primary, secondary, tertiary Based on the nature of the production, we divide the businesses into three parts Primary, secondary, tertiary Primary, secondary, tertiary Some of you are not used to it Walkie-walkie is like this.

We have to walk in the morning. Primary, secondary, tertiary. This is like a Zumba class.

If it happens like that, it becomes a zombie in the department. If it doesn't become a zombie, it becomes like this in the department. So, everyone remember.

One, two, three, four. Primary, secondary, tertiary. Now, if this happens to you, you will be like this.

Primary, secondary, tertiary. You will be like this. primary secondary tertiary again okay one two three four primary secondary tertian primary secondary tertian fine okay this primary businesses we divide into main three parts farming second one fishing and the last one is mining Now, let's finish this and start the next lesson.

Let's do it again. Primary, secondary, tertiary. Farming, fishing, mining. Primary, secondary, tertiary.

Farming, fishing, mining. Primary, secondary, tertiary. Primary, secondary, tertiary.

Farming, fishing, mining. Primary, secondary, tertiary. We don't know what these are, we will learn them later. First, we will make a song out of this. Farming, fishing, mining.

Then, we divide this into three parts. We divide into three. Let's start.

This is called cultivation, forestry, animal production. We give another name to this, livestock. Let's start.

One, two, three, four. Primary, secondary, tertiary. Farming, fishing, mining. Cultivation, forestry, animal production. Primary, secondary, tertiary.

Farming, fishing, mining. Cultivation, Forestry, Animal Production Primary Secondary Tertiary Farming, Fishing, Mining Cultivation, Forestry, Animal Production animal animal animal animal animal production fine okay hurry so thereby now we took this now remember guys this one we give another name for this these primary businesses are also called as what primary industry Primary industry I have to say it like this I will say it again Primary industry 1,2,3,4 Primary, secondary, tertiary Primary, secondary, tertiary Farming, fishing, mining Farming, fishing, mining Cultivation, forestry Animal production Cultivation Forestry Animal Animal Animal Animal Animal Production Fine? Somewhat We are very sad Fine?

Fine So, this is how we study In the department So, if you don't remember the alphabets It is like Harming, fishing, mining It is a bit different Fine So, let's go to the secondary business Then this is also different. Then this is different from the previous one. This divide into two.

One is construction. Sorry, first one manufacturing. Manufacturing. The other one is construction.

1,2,3,4 Primary, Secondary, Tertiary Farming, Fishing, Mining Cultivation, Forestry, Animal Production Manufacturing, Construction construction our one two three four primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction manufacturing construction manufacturing again divide into two Manufacturing again divided into two. What are the two? It will be like this. If you don't have to learn this, you can do this.

Now, we have learned this by reading and writing. It's not a game. It's an easy go. It is, first one is process. processed then the other one is assembled fine or process and the other one is assembled even up one two three four primary secondary tertiary Primary, secondary, tertiary.

Farming, fishing, mining. Cultivation, forestry, animal production. Manufacturing, construction. Process assembled. primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction process assembled process assembled Now, let's see if we can do it in one go.

Honestly, we will do it. 1, 2, 3, 4 Primary, secondary, tertiary Primary, secondary, tertiary Fishing, mining Farming, fishing, mining Cultivation, animal Cultivation, animal manufacturing construction manufacturing construction process assembled now can you see that fine okay then process assembled animal animal animal animal animal production We give another name for this. This is called as what?

Secondary businesses. This is called secondary industry. There is primary industry and secondary industry.

Next, tertiary businesses. We will talk about tertiary businesses. If you come into the tertiary businesses, we divide into two. One is trade and the other one is auxiliary services. am i creative either trade and auxiliary services one two three four primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction process assembled process assembled trade and auxiliary services trade and auxiliary services trade and auxiliary services trade and auxiliary services process assembled process assembled trade and auxiliary services trade and auxiliary services process assembled process assembled Primary, secondary, tertiary.

Farming, fishing, mining. Cultivation, forestry, animal production. Manufacturing, construction. Process assembled. Trade and auxiliary services.

Trade and auxiliary services. Trade and auxiliary services. Is it?

Yes. Then, we can divide auxiliary services into 5. 1, 2, 3, 4, 5. 5. Now it is clear that if we don't study like this, and if we think that we can study this piece, then it will be like this. Now we have to learn this from the beginning.

So, is the business study easy? No, it is easy to study. There are small techniques.

We have to learn from these techniques. Game of money, I mean. First one, banking.

Banking. Insurance. Telecommunication.

Communication. Transportation. Transportation.

And last one. Last one is Warehousing Come on 1,2,3,4 Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing 1,2,3,4 Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Santa Claus is coming to town Fine, is it okay? 1, 2, 3, 4 Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Did you remember this part? If you don't remember, you can't remember this part Oxidizers. Banking, insurance, telecommunication, transportation, warehousing.

If you have that, let's all get together. 1, 2, 3, 4. Primary, secondary, tertiary. Primary, secondary, tertiary. Farming, fishing, mining.

Farming, fishing, mining. Cultivation, forestry, animal production. cultivation forestry animal production manufacturing constructions manufacturing construction process assembled process assembled trade and auxiliary services trade and auxiliary services banking insurance telecommunication transportation warehousing banking insurance telecommunication procession warehousing primary secondary tertiary Primary, secondary, tertiary. Farming, fishing, mining. Cultivation, forestry, animal production.

Manufacturing, construction. Process assembled. Trade and auxiliary services Trade and auxiliary services Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Da da da da da da da da da da da da da da da da da da da da da da da da da Nature of the production is over with this Today Am I clicking? Oh thank you Oh my god Automation Hi there. Now is it difficult?

Is it difficult now? No, no. So this is a huge chart but now we know. We don't have any problem.

Perfectly understand? Okay, let's go. Online class is over. Did you study with me? Fine.

Online class students, quickly give me feedback. Did you all study with me? Fine.

How many of you studied with me? Tell, yes, fantastic, fantastic understood, yes, studied, okay. Now, let's see what happened to Sindhu in the last part. Atusan, please give this chat.

We will give this to Sindhu, so that he can give it to us. Or else, I will also give it to Sindhu. Yes sir, Patveva, fine.

Yes sir, fine, okay. How many of your family members came? Who came to sing, studied, sang and danced? Sang and danced also, see. that they have gone into the next level yeah next level right mother also fine hurry one two three four primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing construction manufacturing construction process assembled Process assembled Trade and auxiliary services Trade and auxiliary services Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Warehousing, Warehousing, Warehousing, Warehousing Primary, Secondary, Tertiary Primary, Secondary, Tertiary Some of you are not sure, but it's okay Okay, now this is really a math problem Uduru Now, we will say another name for this.

We tell another name for this. Fine? So, we give another name for this also. We say another name for this also.

We call this as commerce or services. We don't take this as a lesson. We just take a chart and learn it.

Because it is difficult to learn a chart without a chart. If you don't learn a word at home, you will be difficult to learn at home. There are many such things.

So, let's play a game. We will take a bottle. I have to sing and dance. I have to sing and dance.

Okay, one, two, three. Don't stop. Now, without looking at the board, I will say them one by one.

I won't say it. 1, 2, 3, 4 Primate, farming, cultivation, process Trade and Trade and Telecommunication Warehousing Telecommunication Warehousing Warehousing Warehousing Process assembled Trade and Oxidary Services Process assembled Banking, insurance, telecommunication, transportation, warehousing, process assembled. Process assembled. How can we wrap, rock, put a knife in it and take it? It is in the scene.

In the class, if a teacher comes to the school, do you know anyone knows Oxford Research? No one even looks. Banking, Insurance, Telecommunication, Transportation, Warehousing Banking, Insurance, Telecommunication, Transportation, Warehousing Is this a joke? Come on, let's go. Let's go.

Now the cigar comes and the shade comes and the thug life goes. And da da da da da. Okay, let's go. I'm a little bit tired.

Did you understand that? Okay, then I'll say that I'm tired. I'll go to bed. Okay, tell me what you thought of the online class. Did you enjoy?

Fine. If you come here, you'll die of fatigue. Did you all enjoy?

Online class students, quickly give me feedback. Yes sir, very well. Thank you. Thank you Thank you. Okay, done.

Now, let's make this one clear. Now, we are going to understand each and every one. Sri, we don't have any pain in our eyes.

This girl is telling us to do this, we can't even understand. Yes, I enjoyed and understood well. Thank you, son. How many of you have already started schools? Already started schools?

How many of you have not yet started schools? We will start schools soon. Hurry. I told my son to talk to his uncle. I told my uncle to talk to his uncle who was far away.

I told him to come. I told him to bring a new leaflet. Now we know that we have learnt this from the beginning.

So we don't know still what are they. Now first we go and ask what are the primary businesses. We don't know yet, but we will do it.

What are the primary businesses? okay tell me what are the primary businesses? Let's see what are the primary businesses? So what are the primary businesses?

Primary businesses are the businesses that extract resources from the nature and provide input to other businesses. Am I clear to you? Udha Hari. Now let's take an example.

Now imagine a carpenter. Now the carpenter wants what? Wood.

I am a person who is very busy and has a lot of work. I am a person who is very busy and has a lot of work. I am not a head. I am making a video like this. I am not making a video like this.

It's not that. It's not that. Okay, let's start.

I'm not talking, okay? So, I'm a very sad person who is suffering from a lot of pain. I don't have any idea what I'm doing. I'm just cutting and cutting and making a mess. So, what is the point of making a mess?

Fine. Ket... sorry, it's not the word, but the word.

The word is not a word, but a word. What is it? The word is a word that is used in the word. There is a word that is used in the word.

That is the root of the word. It's a very difficult word. If the carpenter wants to... make carpentry work they require what somebody to cut trees and give him did you understand that then who cut trees the people who are engaged in primary businesses did you understand that they give the input for the furnishers to make did you understand that Then the other one, imagine there's a restaurant.

Restaurants offer fish dish. In order to offer the fish dish, somebody has to fish, fish, and give fish for the fish dish. Did you understand that?

The person who fish, fish, are in where? In the primary businesses. Did you understand that? Am I clear to you? another one then NILVAN MUHUDU TIRI GALMALTI TANIVELA then we have a primary business he is doing a primary business if NILVAN MUHUDU TIRI GALMALTI he is doing a primary business he is extracting resources from the nature he is extracting resources from the nature and what?

and provide Inputs to the other businesses. Did you understand that? Did you understand this well? What are the primary businesses?

Primary businesses are the businesses that extract resources from nature and provide inputs to other businesses. So, we can say that, Input businesses. we can even call them as what input businesses did you understand that primary businesses are primary businesses are the businesses Climate businesses are the businesses those extract resources from the nature those extract resources from the nature and provide inputs and provide inputs to all other businesses.

inputs to all other businesses method to an superior to the literature to Stark good root or it's already examples mana the Buddha fine farming fishing mining examples Lanka farming fishing mining Now these two you can understand. What is mining? Mining is you are extracting gems. What is in the pencil?

In the pencil you have mini runs. What is the English word for mini runs? Graphite. So there is graphite, somebody has to what? Fine.

I don't know what to do with it. Am I clear to you? So that if you excavate something that we call it as what?

Mining. Or we sometimes call it as mining and querying as well. Am I clear to you? So the example of mining is gem mining.

So in the word gem mining, graphite mining. Did you understand that? If you do this, you will get the correct answer. It is correct. Now, we will move to the next part.

We will move to the next part. Now, we are going to ask how the farming can be divided. How does farming can be subdivided?

How does farming can be subdivided? How does farming can be subdivided? Farming can be subdivided into main how many places?

Three. Main three. What are the main three?

harlem right farming can be divided into main three categories farming can be subdivided into main three categories main three categories The first one is cultivation What are the examples of cultivation? Paddy cultivation, tea cultivation, rubber cultivation, coconut cultivation All of them are cultivation We are cultivating agriculture fine paddy cultivation tea cultivation rubber cultivation coconut cultivation those are the cultivations did you understand that then what do you mean by forestry second one forestry what is forestry you go to the forest and collect things you don't cultivate anything you go to the forest and collect things example bees honey clear me penny you go to the forest and you collect it then ever game of pull along a hagan maipata be cultivation also you can do you can do what that artificial boxes and in the artificial boxes you can actually make be cultivation perfectly understood that or else you can go to the forest and go to the beehives and get the natural what bees honey am i clear to you that is forestry or you go to the forest and collect some eggs of certain birds and you sell am i clear to you or else you go to the forest and collect firewood did you understand that so that means if you or sometimes that you go to the forest and cut some of the creeps then we somehow creeps you know they are very expensive the samariva we couldn't you probably would have heard wallapatta fine wallapatta is a creep well if you take the that creep fine the wallapatta it is one of the main ingredients that is being taken by the perfume manufacturer and it is even prohibited to sell one kilo will cost say about 14 000 15000 sometimes it goes up to 30000 even one kilo thereby people smuggle it but it is prohibited am i clear to you so there are certain medicine there are certain creeps there are certain plants that you even go to forest and collect if that is the case we call it as what forestry did you understand that clear examples collect you collecting bees honey from forest collecting bees honey from forest next one collecting collecting Firewood from forest. You can think and write any number of examples. Now you know what it is.

Clear? Hurry. Next one, animal production, right?

Or livestock. Third one, right? Animal production or the livestock. okay tell me what is animal production of the livestock if you take example if you are maintaining cows for milk and for meat that is animal production if you are maintaining hens for eggs and for meat animal production if you have sheeps for getting wool and for meat animal production did you understand that perfectly answer that So thereby write taking dairy, dairy means milk, taking dairy from cows. Next one, getting eggs.

from hens next one taking wool from sheeps have you any wool yes sir yes sir three bet full fine taking wool from sheeps am i clear to you method of the name people who understood this very well excellent next one now this is primary industry of the primary businesses so the primary industry of the primary businesses are what farming fishing mining so in that farming divide into three cultivation forestry animal production did you understand that method Now, let's talk about secondary businesses. Go and write what is secondary businesses. In online classes, can you repeat the definition?

The definition of what? Which definition do you want me to repeat? Fatima, which one? Animal production cannot sell the animals in full.

You can. Animal production is even you are selling animals for meat that's fine or you are selling for example if you take now but you have to understand if you take fish you might do fish cultivation fine that is not animal production but if you sell cows if you sell sheeps that is animal production yeah that is what you call livestock which definition that you want to repeat um primary businesses are the businesses that extract resources from the nature and provide inputs to other businesses how did my brother extract resources from the nature and provide inputs to other businesses fine okay superb how do my brother okay done super hot up you know with it Primary businesses, primary industry, secondary industry. Now, what are the secondary businesses?

What are the secondary businesses? This is what secondary businesses are. Secondary businesses are obtaining resources from the primary businesses and make finished goods.

Finished goods, not services. Am I creative? Not services. This is finished goods.

Example. Imagine there is a gem. And you take the gem and make the gold jewellery. That's not engagement. Oh my god.

He loves me so much. Ask him. What is this?

This is also mining. What is this? Man Mudhu is a beautiful and beautiful thing. It is believed to be a dream.

It is a beautiful monster that is more than the mind. It is a great man. You should buy Man Mudhu.

Walk Jewellers. So if it is Man Mudhu, it is what? It is a secondary. So if you remember this, you will be able to say, I have bought a new one. This is what?

walk jewelers did you understand that? ok, now sing it take a buruta nathum kaluvaraleli this one, walk jewelers am I clear to you? perfectly, ok, now tell me what is secondary business?

secondary businesses are the businesses those obtain inputs from the primary businesses and produce finished goods not services, finished goods Where is the carpenter? Here. How is it? Perfectly understood.

The carpenter is here. Fisherman? Here. Cutting woods? Here.

Farmer? Here. Am I clear to you? But, the one who makes the flour?

Here. Did you understand that? You understood it well. Really.

Really. Let's go. from the primary businesses and make finish goods and make finish goods So, there are two words to write examples manufacturing right, manufacturing example one, manufacturing ok second one, construction Next question is, explain the difference between manufacturing and construction. Hari, now I am asking a question. Hari, tell me, shoes manufacturing or constructed?

Shoes manufacturing or constructed? Manufacturing or constructed? Manufacturing. Am I clear to you?

Clear? If you take biscuits manufacturing or constructed? Manufacturing.

Garments manufacturing or construction? manufacturing roads manufacturing or constructed constructed am i treated buildings manufacturing or construction constructed bridges manufacturing or constructed constructed am i clear to you thereby what do you mean by manufacturing manufacturing is through a production process the inputs are changed into a different form am i clear to you for example you take the flour and convert into biscuits it is biscuit manufacturing you take the rubber and convert into shoes that you change the form it is manufacturing did you understand that perfectly answer that you take the fabric and convert it form to wearable garments it is manufacturing did you understand that construction is what construction is that you are building something not changing the form but you are building something for example That the building has to be built, the bridge has to be built. Did you understand that? Perfectly understood that. So thereby, you are building something, it is what?

You do the construction. Am I clear to you? Perfectly understood that?

Change in the input through a production process. Change in the input. Into a production process sorry through the production process Changing input through the production process to a different form of finished good to a different form of finished good is manufacturing. Let's make some examples.

Flour change into biscuit. Example, flour change into biscuit. Happens through biscuit manufacturing.

clear then write construction is next our construction is building long-term durable Real assets, long-term durable real assets, long-term durable real assets. Example, building construction, road construction. highway construction bridge construction dam construction dam construction dam name a dam construction victoria dam fine construction am i clear to you perfect lines to that How does manufacturing, next question, how does manufacturing is subdivided?

How does manufacturing is subdivided? Carefully, how does manufacturing is subdivided? Then write, there are two sub parts there are two sub parts there are two sub parts number one process examples lemo process secretary biscuit manufacturing Garment manufacturing, all of them are processed. Milk powder manufacturing, all of them are processed. Clear?

Then what do you mean by assemble? What is assemble? We talk about it in the end. Assembled is what? You take the different parts and you fix it.

That is what you call assemble. What do you assemble? Cars, vans, all the automobiles are assembled. TVs assembled.

Fridge, fridges assembled. What do you want? What is not in my life?

Who? Who? Who? Or is it a thing or a person? What or who is the most important to you?

If it is not there, I cannot live. If it is not there, I cannot live. Otherwise, it cannot be not there.

What is it? Phone. No one else is afraid of it.

If you have a phone, you are fine. Phone is the most important thing in your life. Can I see the hands?

Don't say that. Some people in my life don't know the right answer. If I don't have a phone, I'm alone. I don't have a job in life. Do you know that?

One person, one person. One person from the other side, right? Two people.

3, 4, some of the idols are like Buddha statues So, Patvevaveva, have a good day Not idols, some of the idols are like this So, Patvevaveva, have a good day Like a Buddha statue Some of them are like this Like this Phone is what? It is manufactured but it is assembled. I might hit you. Perfectly understood that?

I will explain it to you quickly. Construction, example, construction, sorry not construction, sorry, assemble, assemble, assemble, sorry, construction, assemble, sorry, sorry. My bad, my bad.

Sorry, sorry. What do you mean? Baby, baby, baby. Sorry. I don't know what to say.

Now, Justin Bieber fans, Justin Bieber. When you see Justin Bieber with a big head, and his shirt is torn, and he's wearing a six pack, No, he has a real six pack. How do you know?

I don't know what to say So any Justin Bieber fans? Justin Bieber fans? 1, 2, 3, 4, 5, 6 One direction fans?

One direction haters? Now one direction goes to the other side Sorry this side So the one direction then the haters go to the other direction Alright BTS fans oh my god one two three four five five some how do BTS haters fans let already hate us like no I like some are you hate now I'm actually that be I mean even though some people hate about it that BTS is one of the best girl brands in the world so that's it's actually that they're absolutely I mean I mean there was in 2000 there's something called spice girls spicy girls spice girls now after spice girls BTS is the girl brand girl band that who became that because a very big this thing somehow how dare you In some places, in Korean, they sing like this They sing like this Son, what are you doing? I am not doing anything You are just playing with the toilet Then TV assembled.

Mobile phone assembled. Vehicle, TV, mobile phone, fridge assembled. Then Samarata can do this. Iron Man That's all I can say.

You see Iron Man? He's like this. You guys are not Iron Man. He's like this.

He's wearing a suit and then he's like this. Then he's like this. He's wearing a hat and then he's like this.

Batman suit and Iron Man suit is what? assembled I am Stark I am Stark Thanos I am Stark Batman suit It is assembled or manufactured? Batman suit Manufactured or assembled? Manufactured If you assemble, it will be assembled in a short time.

What is this? Now, who is Batman's real name? Bruce Wayne.

Now, when Bruce Wayne is talking, he talks really nicely, right? Hi, how are you? I am Bruce Wayne.

He talks nicely. But, the moment that he goes to that place, and that Naki uncle is there, Naki uncle is going to put him... There's a Naki uncle in that cage kind of a thing There's a Naki uncle is there And Naki uncle is probably helping him to dress And moment he dresses, what will happen?

I am Vengeance I am Batman Now I think there is a problem in the suit Why? The Batman suit is I think too tight And thereby imagine that your your Trouser is too tight. What will happen you get constipated right you feel like going to the toilet I'm going to the toilet Batman also has the same thing.

He doesn't have to go to the hospital, but he is wearing a suit. He can't talk like that. In other words, he is a good talker.

I am Russein. I am Batman. I am vengeance. How can he talk like that?

He is wearing a suit. It's not true. He is wearing a big suit. Now, what is the difference between normal man and the superman?

What is the difference between normal men and the supermen? Now superman's dress is also manufactured, not constructed. Manufactured.

What is the difference between normal men and the supermen? The normal men wear the undergarments under the garment. Supermanman wear the undergarment over the garment. Now, let's see the question that is there.

How does Supermanman ride? Let's see how Supermanman rides. Now, have you ever seen Supermanman riding like this?

It will be like that. Now have you ever wondered why he is flying with one arm? Have you ever wondered why? Because his undergarment is over the garment. So when he is flying, he is carrying it.

So what happens? He is carrying it in one hand. It is not shown in the film.

It's going to be a mess. So, when you go to the high end, if you go to the low end, you can see that it's a mess. But if you go to the high end, it's going to be a mess. It's going to be a mess.

So, what it is? Manufactured. Manufacturing error.

Clear? Perfect lines with that? This is a really good idea, Dushan. Somehow, I feel like I'm going to die. Let's move on to the next one.

What is tertiary business? I am Tertiary Businesses. Hi there.

Remember guys, Tertiary Businesses are all the services. Now see this, Pooja. This is finished goods.

This is input businesses. This is what? All the services. If you name any service that fall into what? Tertiary Businesses.

Am I clear to you? Okay. Can be considered as tertiary businesses We know the name of the term very well So, let us see how it is called So, tertiary businesses can be divided into Two parts, what are the two parts? Trade and auxiliary services.

Next question, what is the difference between trade and auxiliary services? What is the difference between trade and auxiliary services? What is trade?

Trade is Trade is Trade is Trade is Trade is Exchanging goods or services for money that is what you call trade am i clear to you making a transaction which is a exchanging goods and services for money for example today i am doing trade am i clear to you i am doing a service and that service i am exchanging with you for money did you understand that make a hotel that is called as what trade can put the trade can trade is exchanging goods and services for money did you understand that harry hannah pedemo trade is exchanging goods and services exchanging goods and services for money Example supermarket Example supermarket Restaurant Am I clear to you? Then trade Then trade One is Local trade and international trade or else wholesale and retail trade can be divided into two trade can be divided into two a wholesale trade B Retail Trade First one wholesale trade Second one retail trade Now we will discuss about these two questions What are auxiliary services? What are auxiliary services?

Remember In order to support the trade The services That is developed is called as Auxiliary services Auxiliary services means The services that is given in order to make the trade more easy and efficient. Example, imagine a supermarket. In order to do the supermarket, supermarket require a warehouse. What is warehouse? A place to store your products.

Thereby some businesses might provide a warehousing facility. Am I clear? Then the supermarket requires what?

A lorries to transport goods. Thereby if the supermarket does not have lorries on their own there are lorries that the companies that provide lorries and the containers in order to get the goods so that is transportation. Then you require internet facility then the businesses like dialogue mobitel is providing telecommunication facilities.

Then in order to do the supermarket you require money funds loans then the banks are providing it. Then for the supermarket you require some kind of a fire insurance as well as the workers has to be insured. Then the insurance companies like Sri Lanka Insurance is providing that.

Did you understand that? Did you understand this well? Excellent. Excellent. Did you understand this well?

Did you understand this well? Yes. What is the next? Did you understand the online class?

Did you understand the online class? Did you understand the online class? Did you understand the online class?

So then what is learned by O levels goods and services is secondary and tertiary businesses respectively not only that, it is even the primary businesses is also there So when we say goods and services in O levels Primary businesses and secondary businesses goods, tertiary businesses is services. These two are the goods. These are input goods and these are finished goods. Did you understand? Both of them are goods.

Fine, ok, fine, super. then let's go into the next one yes sir extraordinarily understood superb excellent auxiliary services are auxiliary services are auxiliary services are the services that has developed that has developed to make trade more efficient and easy more efficient and easy For example, next star, for example, for a supermarket to do the trade easily, banks like HNB provide loan facilities. Come on. Insurance companies like Sri Lanka Insurance provide fire insurance. Insurance companies like Sri Lanka Insurance provide fire insurance.

Telecommunication company companies, telecommunication companies like Dialog provide internet facility. Transportation companies such as such as Maersk Maersk M E R S Maersk Shipping line fine shipping line provide provide shipping facilities warehousing companies Provide storage facilities. Do you understand?

So, these are the tools to help us in trading. What do we call those? Those we call it as auxiliary services. Perfectly understood.

I have explained it in detail here. Ok, so I have not done any business studies at O-levels here. So, there is no problem. These people don't even know. They know how to do O-levels.

So, there is no connection between O-levels and E-levels. I think there is. So, these people have the same. These people have not done this either.

You have done this at O-levels, right? Ok. I have done only two.

This is the whole part of the olive tree. I have not done the whole olive tree. Look at this. Can you see my son? All these are not olive trees.

Olive trees are only here. That too, there is a small part of this. Can you see? Perfectly understood.

Next question. What is the difference between What is the difference between wholesale and retail trade? This is done in the old age.

Then, what to do in the old age? Wholesale and retail, I know that. If the sale is whole, then wholesale. If the sale has a tail, then retail.

Isn't it? We know that wholesale and retail are the same. What is wholesale? It is to sell a whole. No, it is not a hole in a hole.

It is a hole in a hole. What is wholesale? You are selling for someone to sell again.

that the buyer's intention is not to use it for themselves but to resell if you are selling goods for the purpose of reselling gunna kena gunna apau vikunanna balaganana we call this as what wholesale if the person who is buying buying with the intention of reselling then we call it as what wholesale am i creative What is retail? Buyer is buying the product not for the purpose of reselling but for the purpose of using it by themselves. If you want to buy a book, is it wholesale or retail? Wholesale or retail.

You are buying a book for you to write, wholesale or retail? Retail. If you are buying the books to sell it to your friends, is it wholesale or retail? Wholesale. Did you understand that?

Clear? Make it clear, sir. What is the meaning of this?

If the buyer purchased the product. For the purpose of. reselling that trade is called wholesale trade that sale is called wholesale trade hurry up examples lemo a shop owner buy books from atlas a shopkeeper sorry shop owner buy books from atlas for the reselling purpose for the reselling purpose if the consumer buy the product for the purpose of using by themselves using by themselves it's called retail trade example a student buy an atlas book to write notes of business studies class of business studies class had it then gonna wonder passionately Hanawa Sajika I think Sajika Sajika or Sajika sir are those business types are interconnected of course yes with our all are interconnected all these are interconnected even though we classify like this, all are interconnected Sajika, did you understand?

perfectly understood that? someone has said extraordinary explanation thank you very much superb, now we will go to the last one Okay, let's go and get some water today. We have some time left.

We started the class a little late today. We had a little technical problem, so we started with a little problem. So, we will move on to the next 10. 10 to 15. 10 to 15, 10 to 16. A little bit more.

Okay. Business studies class is more interesting than you think. Business studies is so boring, you think it's boring.

But I think it's boring. That's how boring is. When you think it's boring, you think it's just a little bit. It's a little interesting. When you think it's boring, you think it's not boring.

It's true. Okay, now let's move on to the next question. Can the businesses be defined as industries plus commerce? Can or cannot? Can the businesses be considered as industries and commerce?

Yes or no? Yes or no? This is primary industry. This is secondary industry. That means what?

Industries. Plus commerce becomes what? All businesses. Can you see that?

This is really clear. Open it. Open it.

It's true. Really, Supermanb! Let's take a look at the question.

Businesses can be classified as Summation of industries and commerce industries and commerce do you agree explain do you agree explain Now, I want to say that this is a superior way to agree. Let's say, agree with the statement. Full stop. Primary and secondary industries, tertiary businesses can also be considered as commerce thereby when when industries and commerce are added when industries and commerce are added together it covers it covers all businesses okay Business, fine, if I take business, business can be equal to industries plus what?

Commerce. How do we say that? Because if you take industries, industries divide into two.

Industries divide into two. What it is? Primary industry and secondary industry.

I'm going to do if you take commerce commerce is what tertiary businesses it about it una meca to her man or primary business secondary business tertiary business that includes what all businesses did you understand that am I clicking then quickly go and write down this ok done super excellent alright then we have the next question go and write the next question Fine explain explain the interrelationship between explain the interrelationship between trade commerce trade trade commerce. and business trade commerce and business If I take trade commerce and business three things if I take how what is what is the biggest one? What is the biggest one?

Trade or commerce or business which one? Business is the biggest Why? Business is what?

Business is industries plus commerce. Thereby can you see commerce is only a part of what? Business. am i clear to you then within within that you have what commerce you have commerce within that what is commerce commerce is trade plus auxiliary services Did you understand that? Perfectly understood that.

Then if I take trade is what? Then trade is only a part of, trade is a part of what? Commerce.

Can you see that? Did you understand that? So thereby biggest ring is the business. Within that ring you have the commerce. Within that ring you have what?

Trade. Did you understand One off thing, it is not a business, so thereby it is not retail. If you want to buy a salary from a seller, if you want to buy a salary from a seller, it is not a seller, not an ice cream seller, then it is not selling to the seller, so thereby it becomes a trade. Sri, isn't the commerce is a summation of trade and auxiliary services?

Yes, it is trade and commerce is trade and auxiliary services. yes it is fine uh fatima did i answer your question for the fatima fatima yes okay okay done even a liamu out of these three concepts out of these three concepts largest concept is business largest concept is business It is the summation of industries and commerce. It is the summation of industries and commerce. Second one.

thereby next are thereby commerce is a part of business full stop next are commerce is trade and auxiliary services trade and auxiliary services trade and auxiliary services fine trade and auxiliary services thus thus trade is a part of commerce trade is a part of commerce next are so next are so trade commerce and business Trade, commerce and business are interrelated concepts. Are interrelated concepts. The method is really well explained.

People who understood this fantastically, beautifully, brilliantly well. It is really well explained. Is it correct?

No. Then let us do this one step at a time and then continue. Let us do this one step at a time and then continue.

We have to do the whole step. Let us do the step and then continue. Let us do it. One, two, three.

One, two, three. primary secondary tertiary primary secondary tertiary farming fishing mining farming fishing mining cultivation forestry animal production cultivation forestry animal production manufacturing constructions manufacturing construction process assembled process assembled trade and oxidative services trade and oxidative services banking insurance telecommunication transportation warehousing banking insurance telecommunication transportation warehousing warehousing warehousing process assembled process assembled trade and auxiliary services trade and auxiliary services banking insurance telecommunication transportation warehousing hurry at the bottom a superior to name it a matakaya to stand then matakaya I pardon can dare name Yes, true. Superman.

Then, the truth is, I didn't tell anyone. I told everyone. That's it. After the lesson, I didn't tell anyone.

I thought I should tell my friends. But, oh my! I didn't tell anyone.

Yes. Okay, guys, see you next week. Cheers. unlike nasi puta did you all understand this very well so then should we add the auxiliary services in the equation in the previous no puta because that the auxiliary services is basically it is in the commerce can you see that so in the commerce trade and auxiliary services both are there thereby you take primary industry secondary industry and you add commerce commerce means this entire thing So thereby this plus this plus this it becomes the nature of the production which is businesses.

Clear? Fine. Everyone give me feedback. How is it? Did you enjoy the class?

Did you enjoy the class? And did you understand very well? Yes. Very well. Fine.

Superman guys. Then see you next week. Bye bye. Cheers.

Transcript for:Notes on Classification of Business

Transcript for:
Notes on Classification of Business