Trade, industry and commerce
In our daily life, we see that people are attached in several activities. These activities can be divided into two parts economic and non-economic. Economic activities are related to production,...
View ArticleCharacteristics or nature of business
Business is an essential part of economic activities. Business deals in goods and services to earn profit on a regular basis. On the basis of the above definition it can be concluded that business...
View ArticleTrade, industry Characteristics of profession
Trade, industry and commerce part 4 A profession is a specialized occupation. It is related to a specified knowledge and training about the related field. The examples of professional are doctors,...
View ArticleTrade, industry and commerce part 5
Employment is related to a contract between a person and an enterprises. When a person give services to an enterprises under a contract of employment then he gets wages or salary bonus and other...
View ArticleFunctions of commerce
The important functions of commerce are as follows: Removing disturbance of person : it is not necessary that the producers and the consumers of good are always situated in the same area.
View ArticleBusiness organization
It has been discussed in the previous chapter that business provides an important source of earning the person who establishes business is know as businessman. Businessman introduces capital in...
View ArticleMerits of sole proprietorship
1 Easy Establishment : it is stated above that a sole proprietor can start the business with small amount of capital and few legal formalities.
View ArticleDemerits of sole Proprietorship
Demerits of sole Proprietorship The important demerits of sole proprietorship are as follows : 1 Limited sources : the sole proprietor has limited financial source. He is single person in...
View ArticlePartnership ,Partnership part 2
In a sole proprietorship business, only one man introduces capital, undertakes the risk involved in the business and controls the whole affairs of the business. Each person has his own limitations and...
View ArticleMerits of partnership business
it is a simple process. two or more person are included in partnership business.
View ArticleCharacteristics of co operative society
The important characteristics of co operative society as follows 1 it is a voluntary association of individuals.
View ArticleDemerits,Company
1 co operative society has limited financial resources. 2 co operative society has inefficiency in operation of business activities. 3 Co operative society has lack of secrecy of their business...
View ArticleCharacteristics of the company
1 Company is a voluntary association of person duly incorporated and registered under the law. 2 Company is regarded as an artificial person created by law hiving a separate existence of its own
View ArticleMerits of Company,Demerits of Company
The important merits of a company are as follows 1 A company has huge capital fund 2 The liability of the share holders are limited to the face value of share. 3 Company has a separate legal entity.
View ArticleDemerits of Company,Materials Management
1 The formation of company is not easy. 2 It works under rules and regulation formed by the government. The management of the company is in the hand of few shareholders. 4 Due to board of directors...
View ArticleObjectives of Material Management
The objects of material management are as follows 1 To maintain the inventory materials for the working capital. 2 To purchases materials at minimum price. 3 To establish good vendor customer...
View ArticleImportance of materials management
Materials management is an essential part of business. The growth of business depends on good materials management. Some importance of materials management are as follows:
View ArticleMaterials purchasing
All business organizations required material for operate the business. They required supplies of materials from outsiders. Purchasing relates the act of exchanges of goods and services for money.
View ArticleTrade, industry and commerce
In our daily life, we see that people are attached in several activities. These activities can be divided into two parts economic and non-economic. Economic activities are related to production,...
View ArticleCharacteristics or nature of business
Business is an essential part of economic activities. Business deals in goods and services to earn profit on a regular basis. On the basis of the above definition it can be concluded that business...
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