No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question
  • 0 answers
  • 1 answers

Govind Singh 7 years, 11 months ago

Role 1. Profits as ‘Surplus’:
The goal of every business manager is to gen­erate a surplus above cost. In fact, business exists for surplus generation. Profits are only a measure of the surplus of business income over expenses.

Role 2. Profits as Regulator of Efficiency and Effec­tiveness:
Profits act as a regulator of efficiency in business operations. Those who accomplish objectives with the least cost are able to make the maximum profits). In competitive conditions only profit-making com­panies are supposed to use their human and mate­rial resources better than others.

Role 3. Profits and Resource Allocation:
In a competitive system the allocation of resources is determined by what consumers want to buy and how much they are willing to pay. If people demand more colour TV sets, its price will increase and its production will become profitable. So there will be transfer of resources from other industries to the colour TV industry.
 
Role 4. Profits as Rent of Capital:
Profits may be taken as pay for use of capi­tal. One of the purposes of profits is to compen­sate the numerous owners—proprietors, partners or shareholders—for the use of the capital they have in­vested in a business. Profits also must compensate them for risk-taking. If the business fails the capital may be lost.

Role 5. Profits as Source of Capital:
A major portion of undistributed profits is rein­vested in business for expansion and diversification. And one of the major sources of a company’s capital is its profit.

Role 6. Profit and Innovation:
According to J. Schumpeter “profits become the key element in innovation in a dynamic, changing economy, profit-seekers are driven to bring forth new processes and products profits are the lure that keeps the economy seeking new and more ef­ficient ways of meeting real and potential human wants.”

  • 0 answers
  • 1 answers

Saket Jha 7 years, 11 months ago

A business study is an academic area of concentration within the business major that is taught at an institution of higher learning.
  • 0 answers
  • 0 answers
  • 1 answers

Sia ? 4 years, 6 months ago

BASIS FOR COMPARISON GATT WTO
Meaning GATT can be described as a set of rules, multilateral trade agreement, that came into force, to encourage international trade and remove cross-country trade barriers. WTO is an international organization, that came into existence to oversee and liberalize trade between countries.
Institution It does not have any institutional existence, but have a small secretariat. It has permanent institution along with a secretariat.
Participant nations Contracting parties Members
Commitments Provisional Full and Permanent
Application The rules of GATT are only for trade in goods. The rules of WTO includes services and aspects of intellectual property along with the goods.
Agreement Its agreement are originally multilateral, but plurilateral agreement are added to it later. Its agreements are purely multilateral.
Domestic Legislation Allowed to continue Not allowed to continue
Dispute Settlement System Slow and ineffective Fast and effective
  • 0 answers
  • 2 answers

Kamal Kaur 7 years, 11 months ago

Debentures are the lenders of the company. They provide nedium and long terms loans to a company. They are mainly of 8 types

Shalini Koranga 7 years, 11 months ago

Debenture is the part of borrowed fund.... It was issued by the company for arranging finance. The amount of debenture was returned by the company after a fixed period of time with interest....
  • 2 answers

Saket Jha 7 years, 10 months ago

THANKS

Aman Singh Chhatri 7 years, 11 months ago

National small industries corporation form in 1955 to promote and fasting small scale industries in the country. Its main function: 1) to provide technological assistance. 2) to develop software technology. 3) to export produce of SSI 4) to supply indigenous and imported raw material for easy installation.
  • 1 answers

Kaushal Sharma 7 years, 11 months ago

The letter which is needed for trade in foreign countries. It is like a guarantee to give back the money this guarantee is taken by importers bank
  • 1 answers

Sagar Keshri 7 years, 11 months ago

Equity shares....
  • 0 answers
  • 1 answers

Sia ? 4 years, 6 months ago

BASIS FOR COMPARISON PUBLIC SECTOR PRIVATE SECTOR
Meaning The section of a nation's economy, which is under the control of government, whether it is central, state or local, is known as the Public Sector. The section of a nation's economy, which owned and controlled by private individuals or companies is known as Private Sector.
Basic objective To serve the citizens of the country. Earning Profit
Raises money from Public Revenue like tax, duty, penalty etc. Issuing shares and debentures or by taking loan
Areas Police, Army, Mining, Health, Manufacturing, Electricity, Education, Transport, Telecommunication, Agriculture, Banking, Insurance, etc. Finance, Information Technology, Mining, Transport, Education, Telecommunication, Manufacturing, Banking, Construction, Pharmaceuticals etc.
Benefits of working Job security, Retirement benefits, Allowances, Perquisites etc. Good salary package, Competitive environment, Incentives etc.
Basis of Promotion Seniority Merit
  • 1 answers

Arun Mishra 7 years, 11 months ago

Small scale industry (SSI) needs small investment, SSI are labour intensive thats why employment friendly
  • 0 answers
  • 1 answers

Kirti Kalyani 7 years, 11 months ago

When all the business activities and transactions are conducted over the Internet, it is called as e -business.
  • 1 answers

Abhaya Srivastava 7 years, 11 months ago

Prefernce share are assets and debentures are liability
  • 0 answers
  • 1 answers

Manpreet Kaur 7 years, 11 months ago

Wto Refer to world trade organisation which deals with trade between diffrent nation under terms and conditons And rules and regulations .. It maintain peace among the world And solve some Disputes with a nuetral process
  • 1 answers

Manpreet Kaur 7 years, 11 months ago

1 . Some times A Seller can suit case on debtor if he is not giving his money back 2. sometimes the prices of good can be chnged
  • 1 answers

Rachita Das 7 years, 11 months ago

A promoter is someone who promotes the business or the company.......who manages signatories ca/cs capital nd starts the business....... But remember a promoter is not a agent nd neither a trusty ......i hope this will help u
  • 1 answers

Harsh Thakur 7 years, 11 months ago

For which subject or chapter

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App