Problem before Starting New Business: Before the industrial revolution the goods were generally produced for local markets. It was, therefore, easy to establish and operate the business. The situation is now entirely hanged. The goods are produced by machines. The rate of production has gone up. There is tough competition for the sale of goods […]
What is Objectives of Business
What is Objectives of Business The business objectives means the purpose for which business is established. The main objective of a business is to making profit and avoids loss. According to Urwick “Earning of Profit is not the sole objective of a business any more than eating is the objective of living”. The business objectives […]
What is Marketing
What is Marketing ? Comprehensive Definition of Marketing: According to William Staton and Futrell: “It is the total system of business activity designed to plan, price, promote, and distribute want satisfying product, services and ideas to the target market in order to achieve the organizational objective”. The above definition has several Important Implications: It is […]
Functions of Commercial bank
Functions of Commercial bank A bank is a financial institution which deals with the money and credit. It is organized on a joint stock company system primarily for the earning of profit. The main function of commercial bank is to accept deposits from individuals, firm and companies at lower rate of interest and gives […]
What is Audit Working Papers
Audit working papers /audit note book is the book which provide complete picture about the business matter. It is maintain by the audit clerk during the course of audit. Audit working papers are the property of the auditor. What is Audit Working Papers: The clerk comes across through serve difficulties which he has to discus with […]
