According to the Tax Foundation, there are 8% of business in the US based upon partnership [1]. A partnership is kind of business where a minimum of two people start or a single person adds another owner in existing business for any of the partnership benefit its looking for. According to census bureau Tyes of Busienss Partnership Active Partner (Managing or Working … [Read more...] about Types of Partnership
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Characteristics of Developing Countries
A country where the average income of people is much lower than that of developed countries, the economy depends upon a few crops and where farming is conducted by primary methods is called developing country. “A developing country is that in which per capita income is low when compared to the per capita incomes of U. S. A, Canada, Australia and Western Europe.” According to … [Read more...] about Characteristics of Developing Countries
What is Coca Cola Differentiation Strategy?
Coke differentiation strategy is for development of product (soft drinks) and services (delivery) to offers unique feature & attributes. Value Addition in features helps a company to offer a special price for it. Like when you buy mineral water is cost you less but when you buy vitamin water, its price is little high. This higher price is to Cover Company’s cost that … [Read more...] about What is Coca Cola Differentiation Strategy?
Types of Letter of Credit
International trade involves numerous factors such as payment for imports in the exporter’s country; shipment of goods within the limitations prescribed and difficulties of enforcing legal rights in the foreign country etc. Therefore, to overcome these hurdles, a system has been enforced; this system is represented by ‘Letter of Credit”. The letter of credit is today the … [Read more...] about Types of Letter of Credit
Qualities of a Good Businessman
There are many things leading to success in business, all these factors collectively adds their input in business and results in better profit margins, more sales, stable business. However, neither every businessman is successful nor failed. Your success is driven within your own internal abilities. Let me clear, Entrepreneur is somewhat different from a businessman. Both … [Read more...] about Qualities of a Good Businessman
Advantages of Partnership
Partnership is combining two or more people in same business for mutual interest. Partnership have different advantages over sole proprietorship, joint stock companies and public limited companies. The other side of coin is Disadvantages of Partnership. Ease of Organization Partnership can be organized without any legal formalities. There is no license fee, registration … [Read more...] about Advantages of Partnership
Winding Up of a Company
Joint Stock Company is one of the business type in which a voluntary association of different persons created by law as a separate body for specific purposes. It possesses a common capital contributed by its members such capital being divided into transferable shares. The liability of each such member is limited to the face value of the shares he holds. It is formed and … [Read more...] about Winding Up of a Company
Bailment
Bailment is an act, contract (with or without signed paper) between bailee and bailor. Bailee is the person who is given product/item/property or anything which is actually property of bailor. It is for specific time period. After that, bailor has right to take and Bailee has responsibility to return back. These must be carefully used under instructive manner. In simple … [Read more...] about Bailment
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