Archive | Business Studies

From the point of view of formation, the companies are of three kinds:

The following documents are to be filed with the Registrar of the Joint Stock Companies of the State in which the registered office of the company is to be situated.

The following are the main points of distinction between a private limited company and a public limited company :

A company is a voluntary and autonomous association of certain persons with capital divided into numerous transferable shares formed to carry out a particular purpose in common.

The employees must have the theoretical and practical knowledge of the work he is required to perform.

Employees of an organisation are essential and active factor of production. In addition to their major contributes to all the affairs of the business, they activate other factors.

The science of human resource management encompasses the entire human aspect of management in industry, and therefore, it is not an easy task to define the term…

Salesmanship is just persona selling – negotiating, emphasizing inducing and making the prospective buyer to take a decision in favor of going for the product being offered to him.

Advertising is nothing but a paid form of non-personal presentation or promotion of ideas, goods or services by an identified sponsor with a view to disseminate information concerning an idea, product or service.

Promotion is an important part of marketing mix of a business enterprise. Once a product is developed, its price is determined the next problem comes to its sale i.e., creating demand for the product.

The prime of object of production is its consumption. The movement of product from producer to consumer is an important function of marketing.

Packaging is the process of enclosing, or containing the product in bottles, plastic bags, wrappers, lubes, paper cartoons and boxes etc.

Labels are the slips pasted on the containers, wrappers, bottles and indicate the detailed information of the product and producer.

Profits are directly related to sales. Increased sales at competitive rates ensures increased earning.

According to F.E. Clark, “Marketing consists of those efforts which effect transfers in ownership of goods and care for its physical distribution.

Control is a fundamental managerial function. it is the process of regulating organizational activities so that actual performance conforms to expected organizational standards and goals and ensures that necessary corrective action is taken.