Hello welcome to this hall on the topic: Methods of Government Regulation of Business, Reasons for regulating business and examples. Table Of Contents See Also Government Regulation of Business The government lays down certain rules and regulations that will help to control and regulate business activities in the country. There is need to ensure uniformity […]
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Hello welcome to this blog on contract of employment and government regulation of business. Duties and right of the employer and employee. Table Of Contents MEANING OF THE EMPLOYER The employer is somebody or an institution that hires or provides work for another person called, employee for an agreed remuneration. The employer can hire anybody
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Hello welcome to this blog on Deregulation: Meaning of deregulation. Advantages and Disadvantages of Deregulation. Table Of Contents At the end of this article, students should be able to know the: MEANING OF DEREGULATION Definition: Deregulation is the act or process of removing or reducing state regulations. It is the reduction or elimination of government
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Hello welcome to this blog on meaning, types of profit. Table Of Contents MEANING OF PROFIT Definition: Profit is the financial benefits which accrue to a businessman. The main purpose of a business organization is to make profit. Profit represent the gain, resulting from investing one’s capital in a business Enterprise. To an accountant, profit
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Hello welcome to this blog on meaning and types of capital and their importance Table Of Contents Meaning and Types of Capital Three schools of thought or views appear to hold sway in the definition or meaning of capital. These are the accountant point of view, the economist point of view and the layman’s point
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Hello welcome to this blog on the formation of a limited liability company: The steps in the formation of a limited liability company can be explained briefly as follows: STEP 1: The promoter(s) devices a scheme of capitalization, bearing in mind the cost of formation, assets to be bought and working capital. STEP 2: The
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Hello welcome to this blog on features or characteristics of Limited Companies. Table Of Contents Read Also Definition of A Limited company A company can be defined as a legal person or entity created by the association of a number of people in accordance with the law for the purpose of a defined object. Examples
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Hello welcome to this blog on meaning and characteristics of partnership in Commerce: Table Of Contents READ ALSO – Types of Partnership, Advantages and Disadvantages Meaning Of Partnership Definition: A partnership may be defined as a type of business organization in which two or twenty persons agree legally to set up and manage a business
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Hello welcome to this blog on COMMODITY EXCHANGE: Table Of Contents At the end of this blog you should be able to: DEFINITION OF A COMMODITY In commerce, a commodity refers to a marketable item produced to satisfy wants on needs. Economic commodity is comprises of goods and services. Commodity is specifically applied to goods.
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Hello, welcome to this Class on the divisions of foreign trade in Commerce, meaning, i.e, import, export and entrepot. Introduction “Explore the division of foreign trade in commerce, its key components, significance, and challenges. Learn how it shapes global markets and drives economic growth.” Table Of Contents Foreign trade plays a vital role in shaping
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In this blog we are going to be looking at barriers or problems associated with international trade or foreign trade from problems of distance, difference in currency to problems of Communication and transportation. Table Of Contents There are so many problems associated with international trade, but the following can be identified: Revision Question
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Hello, welcome to this hall on the problems of distribution of commodities in West Africa. i.e, inadequate infrastructures, inadequate storage, etc. Table Of Contents Like we stated in our previous article on channels of distribution. Middlemen (wholesalers and retailers) do encounter lot of problems in the course of a distribution of commodities in West Africa.
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Hello welcome to this blog on Channels Of Distribution in commerce: Table Of Contents Channels of Distribution The channel is a pathway through which goods move from the producer to the consumers. It is the path through which the ownership of products is transferred and is moved from the producer to customers. Middlemen: The middlemen
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Welcome to this blog on TYPES or CLASSIFICATION of WHOLESALERS in commerce. Functions of merchant wholesalers and agent middlemen. Table Of Contents Types or classification of Wholesalers Wholesalers can be classified into two broad categories, mainly: merchant wholesalers and agent middlemen. Merchant wholesaler: The merchant wholesaler buys and resells goods on their own account taking
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Hello welcome to this blog on wholesale Trade in commerce: Table Of Contents Meaning of wholesale Trade Wholesale trade or wholesaling: wholesaling is the business activity which entails buying of goods in bulk from the producer and selling a small quantities to the retailer and other merchants. A wholesaler is a merchant who purchases goods
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Hello welcome to this blog on Mail Order in business: We will look at the Features of mail order, the meaning, advantages and disadvantages of mail order in commerce. Table Of Contents At the end of this article, students should be able to: Meaning of Mail Order Meaning: Mail order is a form of large
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Hi, welcome to this hall on the features of Retail Co-operative Society. Table Of Contents RETAIL CO-OPERATIVE SOCIETY Meaning: Retail co-operative society is a form of co-operative in which many small independent retailers pool their resources together to enable them make bulk purchases and then sell the goods at lower prices to their members. The
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Hello, welcome to this blog on Large Scale Retailing Trade in commerce. Table Of Contents LARGE SCALE RETAILING Meaning: Large scale retail trade refers to the purchase of bulk and sales of goods and services by businesses or organizations on massive scale. Large-scale retailers achieve their growth by increasing the physical size of their units
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The features of hypermarket, In today’s fast-evolving retail landscape, the way consumers shop for goods and services has undergone a significant transformation, driven by the demand for convenience, affordability, and variety. Among the major developments in modern retailing is the emergence of large-scale shopping formats, one of which is the hypermarket. These expansive retail establishments
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Departmental stores are large retail establishments that bring together a wide variety of goods and services under one roof, offering shoppers the convenience of purchasing everything from clothing and household items to electronics and groceries in a single location. In this blog, we will explore the main features of departmental stores, their advantages and disadvantages,
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