Difference Between Wholesale and Retail
Wholesale and retail are two significant components of the distribution process. When a company manufactures any product it is first sold in bulk quantity to… Read More »Difference Between Wholesale and Retail
Management Materials
Types of Intermediaries
Intermediaries are the middlemen between any two parties that are partaking in a transaction. These middlemen act as the bridge between them and help in… Read More »Types of Intermediaries
What is Joint Stock Company?
A joint stock company is an organization that is owned jointly by all its shareholders. Here, all the stakeholders have a specific portion of stock… Read More »What is Joint Stock Company?
Features of Business
Characteristics of Business The following are the characteristics of business 1. An Economic Activity: A business is an economic activity that includes the purchase & sale… Read More »Features of Business
What is Bill of Exchange?
Bill of exchange is similar to checks and promissory notes. They can be drawn by individuals or banks and are generally transferable by endorsements. According… Read More »What is Bill of Exchange?
Proposal or Offer
The whole process of entering into a contract starts with a proposal or an offer made by one party to another. To agree such a… Read More »Proposal or Offer
What is Limited Liability Partnership?
The Limited Liability Partnership Act was passed by the Parliament of India in the year 2008 for governing LLP businesses in the country. Section 2… Read More »What is Limited Liability Partnership?
What is Demotion?
Demotion implies the unavoidable reduction in the rank or designation of the employee, within the organization’s hierarchy. It may also lead to the loss of… Read More »What is Demotion?
Functions of the Central Bank
The central bank is recognized as the most powerful financial institution. It is considered to be an important part of a country’s economic and financial… Read More »Functions of the Central Bank
Social Responsibility
Social responsibility is an ethical framework in which an individual is obligated to work and cooperate with other individuals and organizations for the benefit of the community… Read More »Social Responsibility