Book – keeping is the systematic recording of daily transactions (cash and credit) in the appropriate book. It is the art of keeping proper accounting records of business transactions. … Read More »INTRODUCTION TO BOOK – KEEPING
Meaning of chemicals – Chemicals are the distinct compound or substances which are prepared or purified artificially by means of different chemical reactions. E.g. baking soda, flavours of juice, medicine,… Read More »NEED FOR MONITORING AND CONTROL OF CHEMICALS
Who is a consumer? A consumer is defined as an individual who buys good for his personal use. He/she buys goods and services and uses for his satisfaction. Meaning of… Read More »CONSUMER AND SOCIETY
This is a business organisation which has been in corporation. It is an association of individuals who agreed to jointly put their resources together for the purpose of having a… Read More »LIMITED LIABILITY COMPANY
Public corporation is a business organization set up, financed and managed by government not necessarily to make profit but to provide essential services for the members of the public. FEATURES… Read More »PUBLIC CORPORATION
SOLE PROPRIETORSHIP Sole trade is the oldest of the forms of business organisation. It is a form of business which is owned, engaged and controlled by one person for the… Read More »SOLE TRADE
Entrepreneurship is important. It benefits the locality by creating jobs for people and leads to a better standard of living. Importance / Advantages of Entrepreneurship Entrepreneurship helps in identifying and… Read More »IMPORTANCE OF ENTREPRENEURSHIP
Entrepreneurship is a self-employed person who puts together all the factors of production to start a new venture. In other words, entrepreneur is a person who organises and manages a commercial undertakings or business undertaking.
There are four factors of production namely:
(1) Land : rent
(2) Labour: wages or salary
(3) Capital: Interest
(4) Entrepreneur: Profit
Production is the transformation/changing or conversion of raw materials into finished goods. It is the changing of natural resources or raw materials into finished goods, exchange and distributed in order… Read More »PRODUCTION
DIRECT SERVICES Direct services are simply those services that are rendered to directly on person- to-person basis and the payment for them is made by us directly to the service… Read More »DIRECT AND INDIRECT SERVICES
MEANING OF AIDS TO TRADE By the expression Aids to Trade we mean those things or agents that make trade to grow . The aids to trade make trade easy… Read More »AID TO TRADE
Meaning of Trade Trade is the buying and selling of goods and services. It can also be defined as the activities which cover exchange, buying and selling of goods and… Read More »TRADE
Occupation refers to various activities that are legal, ( that is not against the law ) which people engage in, in order to earn their daily living. It can also… Read More »OCCUPATION
DEFINITIONS A clerical staff is someone who keeps record of account or sales in an office .Generally , a clerical staff is assigned to do written work. Examples of a… Read More »CLERICAL STAFF
Office equipment are tools and assets used by a firm or an organization. The organisations use them for the following:- To receive information To disseminate information For saving valuable items,… Read More »INTRODUCTION TO OFFICE EQUIPMENT
DIFFERETNT DEPARTMENTS IN AN ORGANSIATION The size of an organization depends on various departments in an organization. In a one man business the owner can act as an accountant, receptionist,… Read More »DEPARTMENTS IN AN ORGANSIATION
TYPES OF OFFICE Basically there are two types of office and they are: Big or large office Small office BIG OR LARGE OFFICE: this is a large building partitioned… Read More »THE OFFICE
MEANING OF BUSINESS STUDIES Some decades ago, the means by which people earned their living was through trade by barter system. Trade by barter is a means of exchanging good… Read More »INTRODUCTION TO BUSINESS STUDIES
Usually, punctuation marks as used in sentences give meaning to sentences. Punctuation marks can be used to separate sentences, or to put an end to sentences. Punctuation marks include comma,… Read More »CORRECT SPACING AND PUNCTUATION MARKS