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A director is a person who is responsible to guide, direct, and manage the operations of a company. More >>
Many commodities are consumed seasonally but have to be produced incessantly, because stopping their production may result in the closure of the factory. More >>
In fact, franchising is a technique of distributing goods and services. More >>
By the process of marketing, buyers are able to purchase what they need. Buying involves determination of needs... More >>
The main objective of the association is to advance the interests of its members and indulge itself in guiding the legislators to pass such laws that protect their businesses. More >>
Steps in the formation of a company
Incorporation of a company undergoes a complicated procedure which is also time-consuming. More >>
Inventory refers to available stock or an itemized list of goods in stock. It is the stock available for sale or for manufacturing. More >>
Trade associations are a type of combination or cooperation among traders engaged in identical businesses, industries or occupations. Each member subscribes a considerable sum to form a common fund. More >>
Articles of association is a document explaining rules and regulations regarding the internal affairs of the company. More >>
1. The franchiser enjoys fast and widespread distribution of his manufactured goods and services. More >>
Business combinations come into existence when two or more independent business firms are combined for a common purpose. More >>
Department of inventory management
The department must maintain a minimum quantity known as a safety level of stock. More >>
Manufacturers, wholesalers, retailers, and other middlemen have to formulate buying policies which arc as follows: More >>
Inventories must be maintained because manufacturing takes time. More >>
Services are not horses i.e. they do not possess physical existence. More >>
Production control consists of a well-defined set of procedures that has as its objective the coordination of all of the elements of the productive process men, machine... More >>
Characteristics of cooperative societies
Cooperative societies perform valuable services to their members. Their characteristics are as under. More >>
Companies Ordinance 1984 defines managing director as “a director who, by virtue- of an agreement with the company... More >>
The Cooperative society is the group of persons or institutions that come into existence to offer various services to its members. More >>
They work for financing, the needs, of agriculture. The credit is used for meeting the needs for seeds, tractors, water, warehousing. More >>
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