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Ask QuestionPosted by Vishal Bhati 5 years, 2 months ago
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Posted by Saniya Khan 5 years, 2 months ago
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Posted by Saniya Khan 5 years, 2 months ago
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Thakur Harshita Singh 5 years, 2 months ago
Gaurav Seth 5 years, 2 months ago
Since there is no separation between the owner and the business, the liability of the owner is also unlimited. So if the business is unable to meet its own liabilities, it will fall upon the proprietor to pay them. All of his personal assets (like his car, house, other properties etc) may have to be sold to meet the liabilities of the business.
Posted by Saniya Khan 5 years, 2 months ago
- 2 answers
Gaurav Seth 5 years, 2 months ago
"Perpetual Succession" in a company is best defined by this line -
Members may come and go but the company goes on forever.
It is one of the fundamentals of a company's existence. Perpetual succession means that a company's life is not determined by the longevity of its members, shareholders, promoters, directors, employees or anyone else. If a shareholder dies, or hypothetically, all the shareholders die, only their shares in the company will be transferred to new people. If even a key director resigns, she will be replaced but the company will continue on.
Saniya Khan 5 years, 2 months ago
Posted by Saniya Khan 5 years, 2 months ago
- 2 answers
Gaurav Seth 5 years, 2 months ago
According to the renowned personality James Stephenson, “commerce embraces all those activities which help to break file harriers between produces and consumers. It is the sum total of all those processes which are engaged in the removal of hindrance of person, place or time”.
Following is the description how these hindrances get removed
(i) Hindrance of person refers to the problem of contact between producers and consumers commerce removes. This hindrance is removed by trade.
(ii) Hindrance of place refers to the problem of distribution of goods at distant places without loss. Commerce removes this hindrance by transportation.
(iii) Hindrance of time refers to the problem of existance of time gap between production and consumption of goods. This hindrance is solved by warehousing or storage.
Saniya Khan 5 years, 2 months ago
Posted by Shruti Bhatnagar 5 years, 2 months ago
- 2 answers
Neelima Maurya 5 years, 2 months ago
Yogita Ingle 5 years, 2 months ago
It refers to that document which contains all the relevant information to the issue and through which the company invites the public to apply for shares , debentures , etc .
Posted by Vikas Rai 5 years, 2 months ago
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Posted by Suraj Rajput 5 years, 2 months ago
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Yogita Ingle 5 years, 2 months ago
The form of "business organization" which is only found in India is the "Joint Hindu Family". The "Joint Hindu Family" is controlled under "Hindu Law" instead of a partnership. In this firm, a member can acquire "membership only by birth" or "by marriage" to a male person who is "already a member" of the "Joint Hindu Family". The matters of a "Joint Hindu Family" are empowered and directed by one person who is known as "Karta" or "Manager". The 'Karta' or 'Manager' is the "senior most male member" of the family.
Posted by Pranav Trivedi 5 years, 2 months ago
- 1 answers
Sia ? 5 years, 2 months ago
Promoter is one who undertakes to form a company with reference to a given object and to set it going, and who takes the necessary steps to accomplish that purpose.
Posted by Minnie Rathod 5 years, 2 months ago
- 2 answers
Posted by Shffi Mongia 5 years, 2 months ago
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Thakur Harshita Singh 5 years, 2 months ago
Posted by Sakshi K. 5 years, 2 months ago
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Posted by Riya Bhadra 5 years, 2 months ago
- 1 answers
Gaurav Seth 5 years, 2 months ago
- Focused approach : Every business have limited resources and every manager has limited time. Outsourcing can help business to shift its focus from peripheral activities towards work that serves the customers and helps’ managers to set their priorities more clearly.
- Make faster deliveries to customers : Outsourcing helps us to make quicker deliveries to customers. An outsourcing partner will be able to provide faster deliverables and one in turn will be able to make quick deliveries to his customers. It also helps to save time.
- Operational efficiency : Outsourcing gives an organisation exposure to vendor specialised systems. Specialisation provides more efficiency that allows for a quicker turn around time and higher levels of quality.
- Benefits of latest development: With the help of outsourcing the benefits of latest development could be derived out by the concern in the most economical manner.
- Improved customer satisfaction : With timely delivery and high quality services one can impress his customers. Outsourcing leads to increased customer satisfaction and they will remain loyal to the organisation.
Posted by Shruti Bhatnagar 5 years, 2 months ago
- 1 answers
Yogita Ingle 5 years, 2 months ago
- The public sector consists of various organizations owned and managed by the government.
- These organizations may be either partly or wholly owned by the central or state government.
- The government can participate in economic activities through these enterprises of the country.
- The forms of organization which a public enterprise may take are as follows:
- Departmental undertaking
- Statutory corporation
- Government company
Posted by Riya Ben 5 years, 2 months ago
- 1 answers
Sia ? 5 years, 2 months ago
A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.
Posted by Shruti Bhatnagar 5 years, 2 months ago
- 3 answers
Yogita Ingle 5 years, 2 months ago
The private sector consists of business owned by individuals or a group of individuals. The varios forms of organisation are- sole proprietorship, partnership, joint hindu family, cooperative and company.
Posted by Sakshi Goud 5 years, 2 months ago
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Sia ? 5 years, 3 months ago
You can check NCERT Solutions here : https://mycbseguide.com/ncert-solutions.html
Posted by Imad Khan 5 years, 3 months ago
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Nikita Yadav 5 years, 2 months ago
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