Promotion is the primary stage in any business in which an individual or a group of people conceive an idea an is put into practice with the help of his
What is Lateral Combination? Lateral combination in business refers to combination of firms engaged in the manufacture of allied products. It is the combination of firms producing products
What is Circular combination in business? Circular combination refers to combination of firms engaged in different businesses and producing different products. For e.g. a cell phone manufacturer combining
What is Vertical Combination? In the words of Prof. Robinson, “Vertical combination is the combination of firms in successive stages of the same industry.” In the case of
Horizontal business combination What is horizontal combination? It refers to combination of businesses engaged in the production of the same type of product or engaged in the same
Joint Family System Joint family system is a very old concept. Under this system, all members of the family would live together and enjoy the income of the
The Caste System Caste is a very ancient system. Originally, society was divided into two parts namely, the Aryans and the non-Aryans. The Aryans came to India as
Types of Business Ethics It is really impossible to classify the business ethics into certain definite types. However, attempts have been made to classify them into certain categories.
Factors influencing Business Ethics Business leaders today are well aware of the ethical issues and hence they want to improve the ethical standards of the business. Self-regulation is,
Regulation of Business Ethics in India Businessmen observe business ethics on account of the consequences that would result due to their non-compliance. Here, some of the regulations are