Commerce

Feb
19

Communication and essentials of effective Communication

Communication is the sum of all things that one person does, when he wants to create understanding in the mind of others. It is a transfer of facts, thoughts, emotions and information between two or more than two people. It can be said as an exchange which is successfully only in the case of mutual […]

By poonam | Commerce
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Feb
19

Financial System for Economic Development

Financial System is a broader term which brings under its fold the financial markets and the financial institutions which support the system. The responsibility of the financial system is to mobilize the savings in the form of money and monetary assets and invest them to productive ventures. An efficient functioning of financial system facilitates free […]

By poonam | Commerce
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Feb
19

Material Control and its Advantages

Material Control can be defined as making available, at the minimum cost, the required quantity of quality material in a timely manner at the right place. In order to have an ideal system of material control, a higher level of coordination between purchase department, stores department and production department is very important. There are various […]

By poonam | Commerce
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Dec
23

Promotional Advertising and its means

Definition:– It is also known as ‘display advertising’. It includes the efforts made to increase the sales in and out of the shop. These efforts are hinged around the concept of display. Display implies arranging something for view. Promotional advertising demonstrates products directly and tells about the selling points indirectly. It includes the following means/channels:- […]

By poonam | Commerce . Management
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Dec
23

Double Entry System of Book- Keeping

It is most popular and useful among all the systems of recording business transactions. The arithmetical accuracy of posting can be tested by trial balance. Final accounts prepared under this system not only give correct profit but also the correct financial position of the business. It also helps in comparative study. This system is based […]

By poonam | Commerce
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Dec
23

Effects of demonetisation on Indian economy

The demonetization of Rs. 500 and Rs. 1000 bank notes, was a sudden and swift practice that took the nation by astonish. In a move that has been lauded majorly by most of the sections of society, Prime Minister Narendra Modi on a spontaneous live TV address to the Nation on November 8, announced that […]

By poonam | Commerce
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Dec
23

Which will come first: Ethics Management / Treasury Management?

Treasury Management is a process of handling external and internal funds in the organization for the optimum utilization of resource. Finance is the backbone for any organization. Ethics management is the process of managing the values and morals in the organization for the smooth working. No doubt in recent era treasury management process is highly […]

By poonam | Commerce
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Apr
27

What is Germination

Germination is the development of a plant contained inside a seed; it results in the arrangement of the seedling, it is additionally the procedure of reactivation of metabolic hardware of the seed bringing about the rise of radicle and plumule. The seed of a vascular plant is a little bundle delivered in an organic product […]

By poonam | Commerce
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Feb
24

Profit Maximization V/s Wealth Maximization

Under traditional approach business is considered to be an economic organization and profit is considered to be a good standard for measurement of efficiency. So this is a natural objective that the profit should be maximized. The Maximization of Wealth is considered as main objective instead of profit maximization. The financial management has to do […]

By poonam | Commerce
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