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STATEMENT: Which of the FOLLOWING is not a print media of advertising:

Answer: a. Internet

Explanation: Print media means that when SOMETHING is printed on paper. It could be anything. Print media can be used for the spread of information as well as for the purpose of advertising particular products. Internet on the other hand is an example of online media. The purpose of internet is vast. You NAME it and it available on it. it serves the same purpose as the print media but in fact more. Therefore POSTERS, magazines, an newspapers are examples of print media but newspaper is not.

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According to the QUESTION in case of EMERGENCY (B) speed post should be sent to AVOID DELAY

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C) EVERY INSURANCE contract

Insurable INTEREST MUST EXIST in Every insurance contract .

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Statement: Shahida is in-charge of the centralized PROCUREMENT of merchandise for all the retail units of a popular chain store at its head office in Chennai. From there the goods are dispatched to its network of retail shops. The advantage of shahidaâs FUNCTION to the organisation is

ANSWER: c. both a and b

Explanation: Shahida makes sure what goes where and REDUCES waste and extra cost, which means she is keeping the company running effectively.

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Business Platforms and Structure:
The foundations of a business are the key to the eventual success, it is essential that you solidify these before launching your company. These can and probably will change over time to adapt to your marketplace, however it is easier to cope if you start off with a strong base. Decide on the form your business will take; sole trader, partnership, limited company etc. Also, decide on the key roles and job descriptions within the business and who will do them. Once you launch your business these are the tasks that your business will rely on.

Finances:
You must have a good grasp of your future finances. This isn’t an area you need to be scared of, but it does need real attention. You must have a thorough understanding of your cost base and where your break-even point lies. Without this, how will you know when you are making a profit? Too many businesses price their SERVICE by comparing similar product/service prices and then pricing themselves somewhere in the middle. Will this make you enough to profit? You also need to be doing cash flow projections for at least 3 months ahead and keeping good financial records. An understanding of profit and loss statements and how to read a balance sheet will also help.

Planning and Growth:
Did you know that only one in six businesses succeed? Much of their failure is down to lack of planning, adequate funding and proper advice. A business plan is little more than a statement of your business goals, a list of your beliefs and assumptions as to why you think you can attain these goals and an action plan on the steps needed to attain them. The AMOUNT of detail you include will depend on the purpose of your plan. If it is to obtain funding then clearly it will need to be far more detailed than if it is purely for you. A good business plan is a working document that evolves with your business and can be your passport to profit! Many business owners feel that they grow too quickly and lose control of their business. It is essential that your business plan includes the steps you will take to achieve and manage your growth. The right structure and systems will ensure that you always feel in control of your business and able to cope with the demands it makes on you.

Launching:
Have you planned your launch in detail? There are lots of INEXPENSIVE ways to get yourself noticed when you launch a business. It’s a good news story that everyone needs to hear about, so make the most of this period. The bigger the splash you make when entering the market, the faster your business will grow.

Staying on Track:
One of the basic errors that business owners make is not spending enough time working ON their business. Too many people spend their time working in their business without looking up to see which direction it is heading. If you don’t take time to steer your ship, it will crash. You need to put aside time on a weekly basis to reflect on the business and go over each area weighing up what aspects need attention.

Marketing:
Marketing is the term for any time your business interacts with a potential client. Every conversation, piece of literature or PRESS release is marketing. There are numerous ways to market your business and they don’t have to be expensive. The key to any marketing campaign is to make sure that everything you do is tested and measured. How do you know where your leads come from? Without good information, how can you make informed decisions?

Staff:
This is one of the biggest investments you will need to make. If you have enthusiastic staff, it is conveyed to your customers who are then happier with your service. Finding and retaining quality people is one the most CHALLENGING aspects of running a business. However it is crucial to your success. If you don’t have quality staff, how can you grow? There are always areas that you will be weaker in than others. The right people will augment your skill set providing a passport to profit. There is only so much that one person can achieve on their own.

Legal:
Unless you are in HR, then you will probably need help with shareholder or partnership agreements, employment legislation and possibly help concerning Intellectual Property rights. The right advice is essential.

Exit:
Planning your exit strategy may seem strange when you are starting a business, but it is an important part of your future. This doesn’t only mean selling your business, but also includes your business providing a passive income or a pension for you. Succession planning is essential to ensure you receive full value for your effort.

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Five characteristics of multinational companies are :-

1. Centralised management - Multinational companies have their headquarters in the home country . And the business is carried out in other COUNTRIES by the head OFFICE .

2. Worldwide spread of business - The business of multinational companies is spread in many countries .

3. Better quality products - A multinational COMPANY have better quality products as they have to compete it at the world level and the local businesses of other countries .

4. Large Size - a multinational company has huge ASSET .

5. Special attention to advertisement - A multinational company pays special attention to advertisement .

Hey,

___

Following are its demerits -

1. Lack of Capital :-

Generally the MEMBERS of cooperative societies are poor and they can not provide the capital on large scale. The external resources of the society are ALSO limited so it faces the shortage of capital problem.

2. Lack of Experience :-

There is a lack of business experience to the members of the society. Another problem is that a society can not hire the services of the experts due to its limited resources.

3. Absence of Discipline :-

EVERY member of the society considers him the owner of the business so inefficiency takes place and business suffers a loss.

4. Lack of Sincere MANAGEMENT :-

Generally the management of the society remains in the hands of the selfish and dishonest members and they take undue advantages of their powers, so it affects the business.

5. Lack of Profit Incentive :-

Basically cooperative society is not a profit earning institution. So the absence of profit incentive is an obstacle in the way of its progress.

____

# Regards :-)

According to the Partnership act it is not necessary to get the form registered for its formation . But there is a chance of difficulties if a firm is not registered . So it is useful to register a firm and it also bring some facilities in its wake .

Procedure for Registration - For the purpose of getting the firm registered all the states governments have appointed registrar of FIRMS . It is necessary to fill a prescribed form in ORDER to get a firm registered and after that the filled form is to be deposited to the registrar of the firm of the STATE concert with prescribed FEE .

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Here is your answer,

▶Protection from exploitation: One of the most obvious advantages of a co-operative society is the fact that the members are protected from exploitation from middlemen. This is one of the most PROMINENT objectives of all co-operative societies.

▶Very easy to form: It is very easy to form a co-operative society unlike the formation of some other types of business organizations like companies and partnerships which can be very complicated to form. With co-operative societies, the formation procedure is very simple. Any group of ten people or more can come TOGETHER and pool their resources together to form a co-operative. All they need to do is register it. The legalities involved in registering and starting a co-operative society is like a walk in the park.

▶A place of true democracy: A co-operative society is a highly democratic society since all members have equal rights and each member is entitled to a single vote. No member has more authority than another. It doesn’t matter the volume of shares a member owns in the co-operative he or she is still the same as the person with a single share.

▶Joining a co-operative society is OPEN to EVERYBODY: There is no restriction to join a co-operative society. Anybody can join a co-operative society anytime he or she likes

▶Leaving is also easy: Just like joining is easy, leaving is also easy. A member can leave a co-operative society anytime he or she feels like doing so. There is nothing that can prevent a person from leaving the society.

▶Death cannot bring an end to a co-operative society: The death of any member of a co-operative society does not mean the end of the organization. The organization still carries on despite the death or departure of a member.

▶Profit is also made from a co-operative society: Not only does a co-operative society fight for the welfare of its members, but it also ENABLES members to earn profit. Profit is shared among members of the organization based on the volume of shares each member has.

Hope it helps you!

ANSWER

______________________________________

Demerits of joint stock company are as follows :-

•Legal formalities :- formation of a company is a TIME consuming and expensive PROCESS to many LEGAL formalities have to be observed and several legal documents have to be prepared and field delay information Mein deprived the BUSINESS from the momentum of an early start.

•corrupt Management :-In accompanied there is often danger of fraud and misuse of property by DISHONEST management bogus companies may be formed to deprive the investors of their hard earned money.

______________________________________

The Act also explains that persons who have entered into partnership with one another are called individually “partners” and collectively “a firm”.

1. Existence of an agreement:

Partnership is the outcome of an agreement between two or more persons to carry on BUSINESS. This agreement may be oral or in writing. The Partnership Act, 1932 (Section 5) clearly states that “the relation of partnership arises from CONTRACT and not from status.”

2. Existence of business:

Partnership is formed to carry on a business. As stated earlier, the Partnership Act, 1932 [Section 2 (6)] states that a “Business” includes every trade, occupation, and profession. Business, of course, must be lawful.

3. Sharing of profits:

The purpose of partnership should be to earn profits and to share it. In the absence of any agreement, the PARTNER should share profits (and losses as well) in equal proportions.

Here it is pertinent to quote the Act (Section 6) which talks of the ‘mode of determining existence of partnership’. It says that sharing of profits is as essential condition, but not a conclusive proof, of the existence of partnership between partners. In the following cases, persons do share profits, but are not the partners:

(a) By a lender of money to person engaged or about to engage in any business.

(b) By a servant or agent as remuneration.

(c) By the widow or child of a deceased partner, as annuity {i.e., fixed periodical payment), or

(d) By a previous OWNER or part-owner of the business as consideration for the sale of the goodwill or share thereof, does not of itself make the receiver a partner with the persons carrying on the business. Thus, in determining whether a group of persons is or is not a firm, whether a person is or is not a partner in a firm, regard shall be had to the real relation between the parties as shown by all relevant facts taken together, and not by profit sharing alone.

4. Agency relationship
The partnership business may be carried on by all or any of them acting for all. Thus, the law of partnership is a branch of the law of Agency. To the outside public, each partner is a principal, while to the other partners he is an agent. It must, however, be noted that a partner must function within the limits of authority conferred on him.

5. Membership:

The minimum number of persons required to constitute a partnership is two. The Act, however, does not mention the upper limit. For this a RECOURSE has to be taken to the Companies Act, 1956 [Section 11 (1) & (2)]. It states that the maximum number of persons is ten, in case of a banking business and twenty, in case of any other business.

6. Nature of liability:

The nature of liability of partners is the same as in case of sole proprietorship. The liability of partners is both individual and collective. The creditors have a right to recover the firm’s debts from the private property of one or all partners, where firm’s assets are insufficient.

7. Fusion of ownership and control:

In the eyes of law, the identity of partners is not different from the identity of partnership firm. As such, the right of management and control vests with the owners (i.e., partners).

8. Non-transferability of interest:

No partner can assign or transfer his partnership share to any other person so as to make him a partner in the business without the consent of all other partners.

9. Registration of firm:

Registration of a partnership firm is not compulsory under the Act. The only document or even an oral agreement among partners required is the ‘partnership deed’ to bring the partnership into existence.

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Types of Cooperative Societies in India

Based on the nature of activities performed, co-operatives can be categorized as:

▶Consumers’ Co-operative Societies.

▶Producers’ Co-operative Societies.

▶Marketing Co-operatives.

▶Housing Co-operatives.

▶Co-operative CREDIT Societies.

▶Co-operative FARMING Societies.

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Hey fellow;

Statement: It is necessary for a ____________________to keep an index of members.

Answer: A. Private company

Explanation: It is necessary for a private company to keep an index of members because an employee base is very critical for a firm to keep track of. The larger the number of employees, the larger will be the COST. They need to be HARD workers who UNDERSTAND the goals of the company and provide productive input in the expansion and SUCCESS of the company.

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The HALDI RAM is EXAMPLE of MULTIPLE SHOP

Features of Sole PROPRIETORSHIP

The salient features of sole proprietorship form of organization are as under:

1.    Single Ownership. A sole trading concern is owned by one individual. It is run entirely at his risk of loss. The sole trader provides both capital and management to the business.

2.    Personal Organization or Common Identity. A sole tradership concern has no separate legal entity independent of the OWNER. The owner and the business concern are one and the same. The owner owns everything the business owns and he owes everything the business owns.

3.    Capital. In sole tradership, the capital is employed by the owner himself from him personal resources. He may also borrow money form his friends and relatives if he cannot depend solely on his personal resources.

4.    Unlimited Liability. The liability of the proprietor for the debts of the business is unlimited. The creditors have the right to recover their dues even from the personal property of the proprietor in case the business ASSETS are not sufficient to pay their debts.

5.    One Man Control. Sole tradership is one-man show. The sole trader provides management to the business. He takes all the decisions, procures material resources, employs persons and directs and controls the affairs of the enterprise. He is not required to consult anyone else in taking any decision. Though the sole trader may delegate some of his authority to his assistants but the ultime authority to manage and control rests with him.

6.    Profits and Losses. The surplus arising in the business of the sole trader entirely belongs to him and similarly all the business losses and risk are to be borne by him alone. 

7.    No Special Legislation. Sole tradership is not governed by any special legislation. A partnership firm is governed by the Partnership Act, a joint stock company is governed by the Companies Act and co-operative society by the Co-operative Societies Act. Any person who is COMPETENT to contract can start his business as a sole trader. However, he is subject to the common LAW, the law of contract and the law of insolvency.


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In joint HINDU family only the members in the family are allowed in the firm. Whereas in partnership any two people can BECOME partners. In JH family there are many people involved with the head of the firm KNOWN as the karta. In partnership there are only two people and not a group

Hey there,

Statement: Communication services are helpful to the business for ESTABLISHING links with the OUTSIDE world one of them being

Answer: b. customers

Explanation: It is very important for a business to establish a GOOD relationship with the customers. This would help them to figure out their demands and provide a product that caters to the market. In order to do this, effective communication through relationship managers is very import. They keep in TOUCH with the outside world and help in maintaining the business successfully.

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HEYA
FOLLOWING ARE THE DEMIRITS
you have unlimited LIABILITY for debts as there's no legal distinction between PRIVATE and business assets.

your capacity to raise capital is limited.

all the responsibility for making day-to-day business decisions is yours.

retaining high-calibre EMPLOYEES can be difficult.

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Explanation:

Partnership means association of two or more persons who can pool in required resources like capital, knowledge, EXPERTISE, skill, ETC. in such a way, that together they can FORM a cohesive team leading their business towards achievement of their common goals successfully.

Features of partnership:

1.Liability: Partners are jointly as well as individually

liable for payment of debts and this liability is UNLIMITED. When assets of the business are not sufficient to pay for its liabilities in full, personal assets of the partners can be used for making the payment.

2.Risk bearing : The risk involved in running the business is jointly borne by the partners.Both

profits and losses are shared by them in the preagreed ratio.

3.Membership: Minimum two members are required to start a partnership business, while the maximum number of partners should not exceed twenty, in case of banking number of partners should be ten.

ACTIVE Partner

A partner in partnership FIRM who takes active PARTICIPATION in day to day work is KNOWN as active partner .

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In countries with public trading markets, a PRIVATELY held business is generally taken to mean one whose ownership shares or interests are not publicly traded. Often, privately held companies are owned by the companyfounders and/or their FAMILIES and heirs or by a small group of investors.

The principal DIFFERENCE between public and privately held companies is that public companieshave shares that can be publicly traded on a stockmarket. ... Their finances are AVAILABLE to the publicand shareholders. A private company does share their financial information outside of the company.

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Advantages of using email. Email can increase EFFICIENCY, productivity and your business READINESS. Using emailin business is: cheap - sending ANEMAIL costs the same REGARDLESS of distance and the number of PEOPLE you send it to.

Hey there,

Statement : Communication is required by a business for

Answer: a. TRANSMISSION of ideas and information

Explanation: A business is ROOTED from a single idea and it BRANCHES out into succession with better communication. Effective communication is key to the success of any business. The employees need to know the goals and motives of a business so they can work and give their input effectively and help take the business to newer heights. Therefore it is very important that the ideas shall be transmitted in a very effective manner.

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Hi there,

Video conferencing is CONSIDERED to be a very important too when it comes to long distance communication. It is a kind of a visual tool in which two parties can communication in terms of both audio and video.

it is specifically helpful in across borders communication where being at the same place is HARD. It also HELPS in expansion of business into far off markets by just visually COMMUNICATING with their partners and GETTING the work done.

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a. PRIVATE COMPANY - 3. Maximum 50 members

b. PUBLIC company - 2. Minimum 7 members

c. Common seal - 6. Symbol of a company

d. Registration of a company - 1. Compulsory

e. Government company - 5. 51% share capita

co-parcener

The MEMBERS of the JOINT HINDU FAMILY FIRM co-parcener .

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⭐a. a SELLER to a buyer____☺


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Hello there,

Following are the three METHODS of sale;

1. Online sale: This happens in online BUSINESSES. The customer chooses a product from a wide range displayed by the seller online and adds into his cart. He can either pay online through card or choose CASH on delivery option.
2. Shop sale: This happens when the customer physically goes to the SHOPS and buys products as per his choice. The payment is made on spot.
3. Third party sale: This is done when the customer makes PURCHASES through a third party vendor and received the products.\

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Hey there,

Statement: Advertising cannot be done by using the medium of

Answer: c. Salesman

Explanation: Advertisement means the marketing of a PRODUCT to enhance its demand in a particular targeted area in order to INCREASE its sales and earn greater profits.

Television, Internet and radio are perfect for this PURPOSE where as salesmen are used to sell the product and at very LEAST advertise for it.

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Answer:

The correct answer for this FILL in the blank is option c, i.e. DIRECTORS.

Explanation:

In usual cases Any company which is created by Artificial person is done by law. But that law usually applies to limited companies where legal EXISTENCE tends to separate the management with its MEMBERS at hand. In such a CASE, the directors and members are just agents of the company who are not associated with the business systems. However, in this case since joint stock companies do not get this unlimited liability, therefore that changes its status. From law to directors.

Your ANSWER is option c) joint HINDU family firm.

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Its CERTIFICATE of INCORPORATION

a) 50

The MAXIMUM NUMBERS of MEMBERS in a private LIMITED COMPANY are 50 .

Answer:

The correct answer is c, i.e co-parceners.

Explanation:

The members of Hindu Undivided family business include those such members who are BORN into the family and THEREFORE are known as the co-parceners. Anyone who is born into the family whether it MAY be a boy or a GIRL within the upcoming three generations can be a member of the Hindu Undivided family business.

Furthermore, the eldest member of such a family is known as the "Karta" of the family. That is the member of the family who maintains the finances.

Hello MATE


here's your answer

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A SOLE trading CONCERN ensures MAXIMUM business secrecy.

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Hello mate

here's your answer


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A transaction between TWO PARTIES where the BUYER RECEIVES goods services or asserts in exchange for money is called sale.

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