COMPANY PROMOTION

MEANINGS OF PROMOTION  and PROMOTER PROMOTION is the process of exploring, investigation, planning, and organisation of resources with the purpose of setting up a business enterprise. It refers to a series of business activities by which a business enterprise is brought into existence. According to C.W.GERSTENBERG, promotion is the discovery of business opportunities and the subsequent organisation of funds property […]

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KINDS OF PARTNERSHIP FIRM

  TYPES OF PARTNERSHIP FIRMS 1.  PARTNERSHIP AT WILL 2.PARTICULAR PARTNERSHIP 3.JOINT VENTURE There can be two kinds of partnership firms, namely 1. A general partnership ,2. The limited partnership in the general firm, all partners have unlimited liability. Partnership as will, particular partnership and joint ventures are the examples of general partnership but in the limited firm, […]

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LEGAL FORMS OF ORGANISATION

  CO-OPERATIVE ORGANISATION According to international labour office , a cooperative organisation is ‘An association of persons , usually of limited means , who have voluntarily joined together to achieve a common economic end, through the formation of a democratically controlled business organisation, making equitable contributions to the capital required and accepting a fair share of risks […]

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LEGAL FORMS OF ORGANISATION

                JOINT STOCK COMPANY A joint stock company is a voluntary association of individuals for profits, having a capital divided into transferable shares, the ownership of which is the condition of ownership. JUSTICE MARSHALL has defined a company “ AS A PERSON, ARTIFICAL, INVISIBLE, INTANGIBLE, and  EXISTING ONLY THE […]

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LEGAL FORM OF ORGANISATION

    JOINT HINDU FAMILY FIRM   MEANING OF JOINT HINDU FAMILY The joint Hindu family business is a form of business organisation in which the family possesses some inherited property and the ‘KARTA’ the head of the family, manages its affairs. It comes into existence by the operation of the Hindu law and not out […]

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LEGAL FORMS OF ORGANISATION

PARTNERSHIP The limitation and deficiency of a sole trader are that lack of limited financial resources, limited managerial skills and concentrated risk led to the emergence of partnership as a form of organisation. When two or more persons join together in business with common ownership and management under an agreement, it is known as a PARTNERSHIP. PARTNERSHIP MEANS […]

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LEGAL FORMS OF ORGANISATION

SOLE PROPRIETORSHIP A business enterprise may be run by one person or group of person. When it is owned by one person, it is known as a sole proprietorship. Excepting this form of organisation, all other forms of business organisations come under the category of ‘group ownership’ or ‘joint ownership’. GROUP ownership may take the form of operative […]

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SETTING UP A NEW BUSINESS ENTERPRISE

   BEGINNING   NEW BUSINESS VENTURE  Starting a new business enterprise is not an easy job to do. It is a job as complex as difficult as the birth of a  newborn boy. The entrepreneurs have to act both as a mother and a midwife. It is an entrepreneur who conceives the business idea, faces various difficulties in creating a new […]

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LIBERALISATION ,GLOBALISATON AND PRIVATISATION

LIBERALISATION The economic environment in India has undergone several changes since 1991 when the new industrial policy was announced by the central government to give when the industrial policy was announced by the central government to give a boost to the processes of liberalisation and globalisation. The term liberalisation means removal of entry and growth restrictions on the […]

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