In the following circumstances a banker is bound to refuse the payment of a cheque without incurring any liability thereon. Circumstances when a banker refuse payment of Cheque
What is Budgetary control? Budgetary control is the process by which budgets are prepared for the future period and are compared with the actual performance for finding out
(Image: Functional Organization merits & Demerits) Merits of functional organization: The following are the merits of functional organization. 1. Benefit of Specialization This system provides ample opportunities for
Types of channels of distribution Channels of distribution are of various types such as Through Jobbers, Direct to consumer, Direct to retailers, through brokers or agents etc., as
Centralization and Decentralization of an organization carries with it various advantages and disadvantages. Lets look at some of them. Advantages of Decentralization Decentralization of authority has certain advantages,
A survey undertaken by Prof. Monappa of 115 business executives, attending the middle and senior management programme of the I.I.M., Ahmedabad and belonging to different industries, ages, educational
Functional authority – Definition: Functional authority is permission to issue directions to people not under line supervision. Such directions deal with specified activities or certain aspects of a
Price of goods or products are decided according to the prevailing market condition. As a marketing strategy, sometimes products are sold below cost of production. An effective pricing
A firm, in making a pricing decision, must anticipate the reaction of competitors. The competitors’ pricing activities or the possibility of such activities set a lower limit to
Lessor and lessee enjoys various benefits under leasing agreement in India such as Income tax benefits, sales tax benefits, modernization through lease finance etc. Benefits to lessor and