Manage a Multiple Business Means: Multiple businesses refer to a situation where a single individual or entity owns and manages more than one business simultaneously. These businesses can be related or unrelated to each other and can operate in the same industry or different industries. Related multiple businesses: This refers to businesses that operate in…
How to Start Small Business – Meaning of Business: Business refers to the activities involved in producing, buying or selling goods or services for profit. It involves a wide range of activities such as finance, marketing, operations, and management. A business can be a small start-up or a large corporation, and it can operate in…
How To Manage a Business – Meaning of Business: Business refers to the activities involved in producing, buying or selling goods or services for profit. It involves a wide range of activities such as finance, marketing, operations, and management. A business can be a small start-up or a large corporation, and it can operate in…
Definition of Strategy in international business: Strategy in international business refers to plan that guide expanding globally allows firms to increase their profitability. Firms that operate internationally are able to: Companies follow 4 basic strategies to enter International Business: Appropriateness of each strategy varies pressures for cost reduction and local responsiveness. Global Strategy: Global strategy…
Securities Included: Mortgage: Definition: When a specific immovable property is made the security for the payment of money or the performance of an obligation, the transaction is called is Mortgage. Section 58(a) of the transfer of Property Act defines mortgage as, “transfer of an interest in specific immovable property for the purpose of securing the…
There Included Topic is: Nature of Partnership Definition & Characteristics: Section 4 of the Partnership Act defines a partnership as follows: “Partnership is the relation between persons, who have agreed to share the profits of a business carried on by all or any of them acting for all.” A partnership Act defined must have three…
The Essential Elements of Contract Object and scope The law of contract deals with agreements which can be enforced through courts of law. The Law of Contract is the most important part of commercial law because every commercial transaction starts from an agreement between two or more person. According to Salmond, a contract is “an…
Essential Steps for Formation a Company Procedure of Registration and Incorporation For the registration of a company, the following documents together with the necessary fees, must be submitted to the Registrar of companies of the state in which the registered office of the company will be situated. – sec.33 (law) The Certificate of Incorporation The…
After study Company law post, you will know about: Definition of Company Law: The company is a form of business organization in which the funds of a large number of investors are managed by a few persons for the purpose of earning profits which are shared by all investors. The term Company is used to…