Business Combination: It is a voluntary association of firms for the achievement of a common objective. The combination among the firms may be temporary or permanent. The combination may be formed by a written agreement among the firms, or there may be an oral understanding among them to unite for enjoying the advantages of a […]
Duties and Liabilities of Promoters of a Company
Promoters of a Company The promoter is a business term. It is used to describe the person or persons who initially take all necessary steps to form a company with reference to a given object and set it going. “According to L.H. Haney promotion may be defined as the process of organization and planning the […]
8 Essential Elements of Partnership
What is an Ideal Partnership? An ideal partnership is one in which the partner work in full confidence, trust, and cooperation with one another so that the business is a success. The partners should be able to manage all business activities successfully. There should not be a shortage of funds. All these things are possible […]
Main Causes of Business Combination
Causes of Business Combination: There are multiple causes of business combinations which have led to the formation of business combinations. They, in brief, are as follow; Elimination of competition : The 1st main causes of a business combination are to the elimination of competition among the businesses. Nowadays, a large number of firms produce particular types of […]
What is Business Combination and its Types
What is Business Combination and its Types What is Business Combination? In a capitalistic economy, the trend in the industrial system is towards the development of mass production, a growth of specialization use of automatic machinery and an electronic computer. There is also stiff competition among the producers for the marketing of products resulting in […]