Administrator - Profile
Trade buying and selling in business
Trade has a pivotal role in business. Trade refers to buying and selling. It also covers imports, exports, retailing, wholesaling, and brokerage.. 
Read
Scope of business
The scope and range of commerce can be determined from the fact that it includes production, marketing, banking, finance, transporting, warehousing, insurance, and information. These factors or elements of commerce are discussed in the lines to follow.. Read
Finance
Finance refers to money resources, income, capital, loans, and retained earnings. It also refers to managing monetary resources.. Read
Marketing functions
Marketing covers all business activities necessary to affect the transfer in the ownership of goods and services to provide for their distribution.. Read
Business and objections
The practice of business has been controversial over a long time. Around 2500 years back Plato did not favor business.. Read
Insurance risk in business
Risk is inherent to business. Business risks include theft, fire, sinking of the ship, change in prices, government policies, and restrictions, strikes, lockouts, change in fashion, inventions, changing taste of consumers, drop in sales.. Read
Banking and finance
Banking and finance are part and parcel of commerce. By performing this service, commerce is able to finance the needs of the business firms. Through banking producers and middlemen get the needed funds. Banking caters to the financial needs of business.. Read
Storing and ware housing in business
Without storing commercial functions cannot be imagined. Goods must be stored before they are sold. It is needed at once after production. It refers to holding the goods when they are produced until they are consumed.. Read
Qualities of good businessman
The businessman must possess the following qualities which are minimum requirements for the success of his business.. Read
Importance of business
Importance of Business are:- Production of Goods, Distributing Good, Satisfying Consumer Needs, Success of Invention & Innovations, Success of Industrial Revolution, Success of Industrial Revolution, Standard of Living & Wealth, Employmen, Growth of Higher Education and Change in Status.. Read
Transportation in business
Transporting is so an important activity that no business can be performed without it. Transporting starts immediately after production. It refers to moving goods from the point of production to the point of consumption.. Read
Business
HUGHES and KAPOOR define business in two ways: A. Business is the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy societys needs. B. A business is a particular organization.. Read
Kinds of industries or types of industries
Industry may be classified as follows: - I. By Size Industries may be heavy or light. II. By Production Process.. Read
Commerce
Business and commerce though two different words, have identical meaning and concept and can be used alternatively. Americans prefer to use the term business, while Britishers like to employ the word commerce, but in the same meaning.. Read
Insurance
Insurance is the means of protecting business from possible losses/risks. Some risks like fall in prices, change in fashion, and death of a key employee are uninsurable: Other risks like fire, theft, life etc. are insurable.. Read
Industry
An industry is a commercial undertaking that provides services as catering, hotel, tourist, entertainment, etc. Industry has also been defined as all those business and economic activities which result in the creation of goods and services.. Read
Problems for correct profit
PROBLEMS FOR CORRECT PROFIT:- 1. STOCK VALUATION, 2. INTANGIBLE ASSET VALUATION, 3. FIXED ASSET VALUATION, 4. LIABILITIES VALUATION, 5. CAPITAL & REVENUE ALLOCATION, 6. TAXES, 7. PROVISION, 8. RESERVES and 9. DEFRAYING EXPENSES.. Read
Interim dividend
The word interim means in the meantime. Dividend paid during the year is called interim dividend. The company management can pay dividend to shareholders during the year in order to develop the confidence of members.. Read
Importance of correct profit
IMPORTANCE OF CORRECT PROFIT: - 1. TRUE DISCLOSURE, 2. CONSISTENCY, 3. FOLLOW LAW, 4. PROTECT CREDITORS, 5. CORRECT VALUATION, 6. STABLE SHARE PRICES, 7. MANAGER REMUNERATION, 8. NO UNDUE FAVOR and 9. NO DIVIDEND OUT OF ANTICIPATED PROFIT.. Read
How secret reserve is created
How secret reserve is created:- 1. UNDER VALUATION OF FIXED ASSETS, 2. ELIMINATING FIXED ASSETS, 3. UNDER VALUATION OF CURRENT ASSETS, 4. EXCESS PROVISION FOR BAD DEBTS, 5. CHARGING CAPITAL EXPENDITURE TO REVENUE, 6. OVERSTATING LIABILITIES, 7. GROUPING DISSIMILAR ITEMS and ETC.. Read
