A cooperative undertaking or organization is a voluntary association of individuals for the common interest of its members. It is formed for conducting some business activities. It is a protective device used by the economically weak persons of the … [Read more...] about Principles of Cooperative Organization
Business
Import Procedure
The interchange of commodities between two or more persons who extract or produce them and who actually consume directly or indirectly is known as trade. In other words, it includes all those activities which are engaged in transferring the title of … [Read more...] about Import Procedure
Difference Between Trust & Holding Company
Holding Company and Trust are two main types of limited partnership and joint stock company. The major differences in both are their structures as well as few other things.Holding Company: is a company which actually holds shares of other … [Read more...] about Difference Between Trust & Holding Company
Functions of a Retailer: Meaning, Role, and Importance in Modern Distribution
Quick Answer: What Are the Functions of a Retailer?The functions of a retailer include distributing goods to consumers, breaking bulk into small quantities, providing storage, offering credit and delivery services, advising customers, and … [Read more...] about Functions of a Retailer: Meaning, Role, and Importance in Modern Distribution
Rights of Partners
ConsultationEvery partner has equal rights in disposing of the matter. However, ordinary matters are decided by the simple majority of partners and policy matters are settled with the consent of all the partners but every partner must be … [Read more...] about Rights of Partners
Duties and Responsibilities of Partners in a Partnership Firm
Partnerships are built on trust, fairness, and mutual confidence. Every partner acts as both an owner and an agent of the firm, which means they owe legal and ethical duties to one another. These duties ensure smooth functioning, protect the … [Read more...] about Duties and Responsibilities of Partners in a Partnership Firm
Advantages and Disadvantages of a Holding Company
Quick Answer: A holding company is a parent company that owns controlling shares in one or more subsidiary companies but does not usually engage in day-to-day operations. Holding companies offer benefits such as better control, risk isolation, and … [Read more...] about Advantages and Disadvantages of a Holding Company
Differences between Cartel & Trust Form of Business
CARTELTRUSTIt can be formed easilyThe formation of the trust is a complicated matter Cartel is a horizontal type of combinationIts type is vertical. In the cartel, member firms possess separate entity and are free in their internal affairsIn the … [Read more...] about Differences between Cartel & Trust Form of Business
Business Combination
The business combination is formed when two or more business undertaking units combine to carry on business together for achieving economic benefits.It is also originated when a number of different business concerns of the same line combine … [Read more...] about Business Combination
Rights and Duties of Collective Bargaining Agent
Collective Bargaining Agent is the agent of the workmen in the establishment or, as the case may be industry, in the matter of collective bargaining.It means the trade union of workmen which is formed for the purpose of regulating the relation … [Read more...] about Rights and Duties of Collective Bargaining Agent