Introduction Prior to the Industrial Revolution, production was carried out in a small scale and the number of organizations operating in a single industry was less. The world
Merchant bankers, lead managers and registrars play a key role and facilitate primary market activities by their advice and guidance. Let us discuss the role of merchant bankers
The economies or advantages of large scale production are not available beyond a certain production level. When a firm expands beyond an optimum limit, it begins to suffer
Trade associations and Chambers of Commerce play an important role in promoting trade and commerce. They serve as a forum for businessmen to come together, exchange views and
Why are Chambers of Commerce formed? Chambers of Commerce are formed for the purpose of protecting and promoting the interests of business and the business community. The membership
Advantages of pool organizations The following are the advantages of pool organizations 1. Ease of formation: It can be formed easily without much expense and does not require
Why are pools formed? Pools are formed with the basic objective of maintaining an effective control over prices. Members associate themselves to regulate the demand side or supply
Termination of agency by operation of law An agency may be terminated by operation of law, under the circumstances explained below. 1. Completion of business: An agency automatically
Discharge of a Negotiable Instruments When the liability of the party, primarily and ultimately liable on the instrument, comes to an end, the instrument is said to be
What is Social Responsibility of Business? Social responsibility can be said to be the obligation on the part of business enterprises to protect and promote society’s welfare. The