Disadvantages of a Joint Stock Company The following are the disadvantages of company form of organization 1. Costly and difficult to form: Number of legal formalities must be
Advantages of a Joint stock company A joint stock company has many advantages. These are given below: 1. Large capital: A company can secure large capital compared to
Guidelines for determining standard marketing Strategy Each country has its own tradition, culture, preferences, taboos which the marketers must understand before entering the global market. The following guidelines
What is Opinion Leadership? The most important thing for the marketer is to understand about the role of ‘opinion leadership’ in marketing of goods and services. Opinion leadership
What are Own brands? Own brands are the names given to consumer’ products produced by, or on behalf of distributors and sold under the distributor’s own name or
What is a Mixed economy? Mixed economy is the combination of capitalism and socialism. Under the mixed economy, the advantages of both capitalism and socialism are incorporated and
Top 10 responsibilities of Government towards Business The Government’s responsibilities towards business are as follows: 1. Enacting and Enforcing Laws Enacting and enforcing laws is the prime responsibility
Advantages of Capitalism The major benefits or advantages of capitalism are as under: 1. The resources are utilized efficiently and economically. 2. Producers, consumers and the workers all
Capitalist economic system In a capitalist economic system, the means of production are owned and operated by private individuals whose main object is to maximize profits. Free enterprise,
Who are Speculators? The speculators are not genuine investors. They buy securities with a hope to sell them in future at a profit. They are not interested in