Author: commerce summary

Before Directly jumping on the concept of “Consumer Protection” as a student we must know the real meaning of the Word “Consumer”. Question- What do you mean by consumer? Answer- A consumer is a person or a group of persons who intends to purchase goods, products, or services primarily to Read More …

Meaning & Concept of Staffing: • Staffing refers to the process of filling all positions in the organization with adequate and qualified employees. • The main objective behind staffing is to select and appoint the right person at the right job at the right time in order to do a Read More …

TS GREWAL SOLUTION 2021-22 ,VOLUME 3 , CHAPTER 5 – CASHFLOW STATEMENT SOLUTION Note – we upload working note before the main solution because we want students would get full understanding about the question before moving forward in the solution. Q.1- Identify the transactions as belonging to (i) Operating Activities, Read More …

Note – we upload working note before the main solution because we want students would get full understanding about the question before moving forward in the solution. Students should make working note at the foot of the solution. Q.28– From the following information, calculate the amount of sports material to be Read More …

TS Grewal chapter 6 – Retirement of a Partner, Question 1 to Question 7 solution of the 2021-22 Edition. Note – we upload working note before the main solution because we want students would get full understanding about the question before moving forward in the solution. Q.1- Geeta, Radha and Garv were partners sharing Read More …

what is Macro Economics? •Macro economics is a branch of economics that studies the economic relationships or issues of an economy as a whole. For example – it deals with the topics such as total consumption, saving, aggregate employment, etc. •The word macro comes from the Greek word “Makros” which Read More …

Meaning of Planning Process: Planning is a continuous process which is concerned with “what to do” and “how to do”. It basically acts as a bridge that fills the gap between “where we are” and “where we want to go”. Planning is the primary function of management because planning precedes Read More …

What is Planning? Features of Planning: The planning function of the management has certain special features. These features throw light on its nature and scope. For example: if an organization has the objective of manufacturing 2000 mobile phones in 1 month and in one month only 1600 mobile phones are Read More …

Dimensions (or we can say factors that create a business environment) consist of external forces, which directly or indirectly affect the functioning of a Business enterprise. The following are dimensions of the Business environment : Note – Trick to Remember all Dimensions of Business Environment. As we know know that Read More …

What is Business environment ? Features of Business environment while 3. Inter-relatedness – Different elements or parts of a business environment are closely interrelated. For example, increased awareness for health care has raised the demand for healthy oil free food and healthy lifestyle. 4. Dynamic nature – Business environment is Read More …