Trade involves the transfer of goods and services from one person to another person with the exchange of money. Economics considers trade as a separate market in the corporate world. In early years, about mid-80s trade is the process of direct interchange of products and services from producer to consumer.But now in modern and global era, this process is expanded and involved number of peoples in it. Initially, products and services are first delivered to the wholesaler in huge quantity; … [Read more...] about What are trade meaning, nature, and different types of trade?
Types
5 Types of Business Finance you may have never known about
You don’t want to die with your song still inside you. That’s why you’ve been pursuing a side hustle. Every day after you get out of your 9-5 job, you’re reading books and googling resources.So far, you have some promising prospects, but you’ve run into the same brick wall every time – funding. To advance your ventures beyond the early stage, you need THOUSANDS of dollars you don’t have.As someone who struggles to save a few hundred bucks each month, you have NO idea where you’ll come … [Read more...] about 5 Types of Business Finance you may have never known about
Types of Debentures
Term ‘Debenture’ is taken from the Latin word ‘Debure’. Which means “to Borrow”. Debentures are the company’s debt. These are the most popular form of debt capital. It is a form of a loan which is taken by the company to raise its capital.Debentures are the instrument used by the companies and government to issue a corporate based loan on the reputation of the companies and a fixed rate of interest. Debentures characterize a refined form of an ancient promissory note that is raised to … [Read more...] about Types of Debentures
Types of Shares in Company
The Company Ordinance defines share as “a share in the share capital of the company” It represents equal portions into which 'the capital is divided. Each of these portions is called a share of the company.A public company generally issues various classes of shares in order to satisfy the requirements of different investors. The powers and rights of various classes of share are laid down in the Articles and Prospectus of the company.Kinds of SharesOrdinary ShareThese shareholder … [Read more...] about Types of Shares in Company
Types of Securities for Bank Finance
No doubt, the advancing of credit involves great risk for the bank. Therefore, to cover this risk, the bank keeps different tangible and non-tangible securities, before sanctioning the credit facility to a customer.The bankers prefer such securities that carry less risk of depreciation due to market fluctuations and are easily scalable, even under changing market conditions.Common Securities Against Banker Advances arePLEDGEPledge is the actual delivery of the movable & … [Read more...] about Types of Securities for Bank Finance
Classes of Contract
Agreement between two or more members is known as a contract. A partnership deed is the best example of contact. Contracts are signed in an opening bank account, taking a payday loan and everything you sign for buying product/service. It's awful.Main Classes of ContractValidA valid contract is one which is enforceable by law. the object of such a bond is to create an outstanding obligation between the parties, one party shall be bound to some performance, the other shall have a legal … [Read more...] about Classes of Contract
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 the property of bailor. It is for a specific time period.After that, bailor has the right to take and Bailee has a responsibility to return back. These must be carefully used under instructive manner.In simple words, it is changing the possession but not the ownership. The product/property will be returned to the … [Read more...] about Bailment
Types of Business Function
Every running business is backed up by various shown and hidden functions helping it generate sales and earn revenues. These Business functions or tasks usually varies in different businesses but overall they are same from production to qualify sales.10 Different Types of Business FunctionsIf you are new to business world and thinking to start profit generating business in your area or somewhere in world, there are many but 10 most important things to consider when starting a new … [Read more...] about Types of Business Function
Classes of Business Organization
The term “Business” is wide in meaning. It includes all those human activities made for the sake of earning profit through the process of production of goods or buying or selling of goods. A Qualitative Businessman starts a business for the sake of earning money, and money is earned by satisfying human needs and desires with certain things.What are the Different Natures of Businesses?Business activities can be of various kinds. These may be fishing, mining, agriculture, cultivation, … [Read more...] about Classes of Business Organization
Types of Warehouses
A warehouse is a place where different goods are stored or accumulated for a temporary period. It created time utility for supply chain management. The need for warehouses arises out of the lack of adjustment between times of production and times of consumption of goods.At present time the goods are produced for in advance of demand. So before the goods are short in the market, they should be stored.It is the warehouse which stores the goods from the time of production to the time they … [Read more...] about Types of Warehouses
Advantages and Disadvantages of Paper Money [ Updated with Types ]
Paper Money defined as currency note used as medium of exchange and issued by State Government. People consider currency notes is a kind of money which performs all the function as good medium of exchange.Paper currency is convertible in the sense that it may convert in to gold and precious metals while it may inconvertible because it is not exchangeable in to coins.Now a day’s, Like Credit Cards (form of plastic money) paper money got more popularity than other forms of money.4 … [Read more...] about Advantages and Disadvantages of Paper Money [ Updated with Types ]