TYPES OF PARTNERSHIP There are two main types of partnership business namely: Ordinary Partnership (or General partnership) The Limited Partnership THE ORDINARY PARTNERSHIP (GENERAL PARTNERSHIP) Characteristics or features: Membership/Number of… Read More »PARTNERSHIP: TYPES, ORDINARY PARTNERSHIP & LIMITED PARTNERSHIP
A partnership is defined as the relationship that exists between two or more (but more than twenty) persons carrying on a business in common for the purpose of making profits.… Read More »PARTNERSHIP: FORMATION, ADVANTAGES, DISADVANTAGES & CHARACTERISTICS
Business units can be divided into two broad classes namely, the private sector or private enterprise and the public sector or public enterprise. The private sector or enterprise is made… Read More »BUSINESS UNITS & SOLE PROPRIETORSHIP
A presentation package is a computer software package that is used to display information usually in form of a slide show.
Examples of presentation package
Microsoft PowerPoint
Macromedia flash
Windows movie maker
Communication is the act of sending and receiving message/information from one person or place to another. Communication could be oral, written or visual. IMPORTANCE OF COMMUNICATION TO COMMERCE It… Read More »COMMUNICATION
A stock exchange is a specialized market where investors can buy and sell existing securities like shares, stocks, debentures and gill edge securities. It is a part of the capital… Read More »STOCK EXCHANGE
DETERMINATION OF THE VIABILITY OF A BUSINESS To determine whether or not a business is viable an investigation into the following sources of information must be made. Trading, Profit and… Read More »THE FINANCIAL POSITION OF BUSINESS FIRMS
The profit of a business firm could be either Gross Profit or Net Profit. GROSS PROFIT This is the total sales less Cross Price: It is the same as… Read More »PROFIT
Capital in business refers to all the assets and property of a firm. TYPES OF CAPITAL FIXED CAPITAL: This refers to the assets of a firm which the business… Read More »CAPITAL
Transportation is one of the aids to trade and branches of commerce which is a means whereby people and goods are moved from one place to another either through water,… Read More »TRANSPORTATION: ROAD, AIR, WATER, RAIL, IMPORTANCE, FORMS, ADVANTAGES & DISADVANTAGES
The Nigeria Airport Authority is a statutory body or public co – operation charged with the responsibility of managing, maintaining, running, administrating and controlling all airports e.g. Murtala Muhammed Airport… Read More »NIGERIA AIRPORT AUTHORITY (NAA)
Nigeria port authority is organ of federal government charged with the responsibilities for producing facilities and controlling sea port in a country. They provide facilities at the port to ensure… Read More »NIGERIA PORT AUTHORITY {NPA}
Export trade: is the selling of goods/service of a country abroad. It includes goods and service sold to other countries. Nigeria export products are cocoa, crude oil, rubber, cassava, etc.… Read More »EXPORT PROMOTION COUNCIL
Custom and Excise authority is an agency charged with the responsibilities of assessing and collecting revenue due from import and export. It is a revenue collecting organ of the government.… Read More »CUSTOM AND EXICE AUTHORITY
DOCUMENTS USED IN FOREIGN TRADE Bill of lading Airway bill Indent Certificate of insurance Consular invoice Ship manifest Make receipt Certificate of origin Weight note Dock lading account Export/import license… Read More »DOCUMENTS USED IN FOREIGN TRADE
International trade /foreign trade refers to the exchange of goods and services across the boarder of two or more countries by their resident and government. In other words, it is… Read More »INTERNATIONAL TRADE
Improvement in both economical and technical development have given both to various modern trends in retail trade. Development in retail trade are: Self – service Branding Credit cards Pre –… Read More »MODERN TRENDS IN RETAIL TRADE
PROCEDURES OF INSURANCE CONTRACT The various processes involved in obtaining an insurance are: An Inquiry- i.e. finding out about the insurance either directly from the insurance company or agents(brokers) Proposal… Read More »INSURANCE IV
FORMS OF LIFE POLICY Whole life Assurance: Premiums are paid throughout the lifetime of the assured and the sum assured is payable only when death of the holder of the… Read More »INSURANCE III
PRINCIPLES OF INSURANCE There are six main principles which underlie insurance contracts and which must be present for the contract to have validity. These principles are: INSURABLE INTEREST: The person… Read More »INSURANCE II