Archive | Business

What is Business?

Business is an organization comprising people who strive together to achieve common objectives and goals. It is important for a business organization to have a vision that implies what it intends to achieve in the future and values that represent the organization's integrity. A business organization is a commercial, industrial, or mercantile enterprise, and comprises the people who constitute it. [...]

By |2020-11-04T11:04:46+05:30November 4, 2020|Business|Comments Off on What is Business?

Business: Meaning, Definitions, Characteristics, Objectives, Scope and Growth Strategies

A business (or firm) is an enterprise that provides products or services desired by customers. Along with the large, well-known businesses such as - The Coca-Cola Company and IBM, there are many thousands small businesses that provide employment opportunities and produce products or services that satisfy customers. Business refers to the economic activities concerned with the production and exchange of [...]

By |2020-08-11T17:56:30+05:30August 11, 2020|Business|Comments Off on Business: Meaning, Definitions, Characteristics, Objectives, Scope and Growth Strategies

Advantages and Disadvantages of Sole Proprietorship

A sole proprietor business is established, owned, financed and controlled by a single person who is known as sole trader or sole proprietor. Such a business run by sole trader or sole proprietor is known as sole trade or sole proprietorship. Some of the advantages of sole proprietorship are:- 1. Easy to Form 2. Effort-Reward Relationship 3. Full Control 4. [...]

By |2020-01-03T17:14:09+05:30January 3, 2020|Business|Comments Off on Advantages and Disadvantages of Sole Proprietorship
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