In order to understand the key difference between Public Company and Private Company, one must know the main features both. A private company means a company, which has a minimum paid up share capital of Rs. 1 lakh or such higher capital as may be prescribed and which by itsRead More →
Classical definition of Rent: According to Caver, “Rent is the price paid for use of land” According to David Ricardo, “Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil” Read More →
Background of the Companies Act 2013 The Companies Bill 2012 was passed by the Lok Sabha on 18th, December, 2012 and by the Rajya sabha on 8th, August, 2013. On receiving the assent of the honi’ble President of India on 29th, August, 2013 it was notified on 30th, August,Read More →
Marketplaces setup to carry out financial activities are known as Financial Markets. A Financial Market is any marketplace where buyers and sellers get together to participate in trading of financial assets such as shares, bonds, currencies and other financial instruments. Financial markets are characterized by transparent pricing, regulation on trading,Read More →
Memorandum of Association is simply the constitution or charter of a company. According to the companies Act, 2013, “memorandum” means “memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act.” The memorandum of associationRead More →
Small scale industries are generally industries which are more labour intensive than big organizations. A small scale industry is defined as “a unit engaged in manufacturing, repairing, processing and presentation of goods having investment in plant and machinery at an original cost not exceeding Rs. 1 crore.” Small scale industriesRead More →
Strategic choice refers to the decision which determines the future strategy of a firm. It addresses the question “Where shall we go”. A SWOT analysis is conducted to examine the strengths and weaknesses of the firm and opportunities that can be exploited are also determined. Based on the analysis theRead More →
In order to successfully manage an e commerce portal it is essential to understand about Transaction security and security issues in e commerce. Transaction Security An online transaction requires a consumer to disclose sensitive information to the vendor in order to make a purchase, placing him-self at significant risk. TransactionRead More →
A Firewall may be simply defined as a single point between two or more networks where all traffic must pass, the firewall authenticates, controls and logs all the traffic. In the computing world Firewall is a software or hardware based network security system that controls incoming and outgoing network trafficRead More →
Financial Services may be simply defined as services offered by financial and banking institutions like loan, insurance, etc. Financial Services are concerned with the design and delivery of financial instruments and advisory services to individuals and businesses within the area of banking and related institutions, personal financial planning, investment, realRead More →
Vision A Vision serves the purpose of stating what an organization wishes to achieve in the long run. According to Kotler “It is a description of something (an org, corporate culture, business, technology, and act) in the future. According to miller and dress “Vision is category of intentions that areRead More →
Managers have to match Perceived Service with Expected Service or Customer Expectations with Customer Perceptions in order to successfully achieve customer satisfaction. GAP Analysis helps the managers to analyse the gaps between customer expectations of service and customer perception of service. A manages identifies these gaps and minimizes them toRead More →