LIVE MANAGEMENT EDUCATION

Banking plays an important role in contributing economic growth through financing infrastructure,agricultural,industry,local manufacture and so on. A bank is a financial organization that performs deposit and lending of money according to rules regulation of R.B.I.for the development of economy. Function of Banking- There are many functions of Banking.These functions are as below- 1.To accept deposit-It is the first function of Bank.They accept deposit from person,organization,company and return more money according to need of customers.They accept deposit as Current deposit,Saving deposit,Fixed deposit,Recurring deposit etc. 2.To provide loan-It is the second and popular function of Bank.They provide loan to Person,Personnel,Organisation,Company to perform their function by effective,efficient way.They provide short term loan,middle term loan,long term loan.They charge interest on loan according to rules,regulation,law of R.B.I.It is the main source of income of Bank.The loan charge i...

Every company wants to minimise competition and increases its size,growth to earn maximum profit.There are a number of techniques to achive such goal.Business Combination is one of popular technique to increase the strength,size and earn maximum profit. There are a number of scholars define Business Combinations by different ways.Some ways are as below- According to L.H.Haney-To combine is simply to become one of the parts of a whole and a combination is merely a union of persons to make a whole or group for the prosecution of some common purpose is called Business Combination. According to me Business Combination is an association of organisation for the achievement a big goal. In other words we can say that Business Combination of an association of two and more than two organisations that operates in same sectors or concern sectors to minimise competition and increase profit. Nature- There are a number of natures of Business Combination.These natures are as below- 1.It is temporary o...

Super Market is also an innovative retailing of 19th century.It is very popular in European continent.Now a days it is very popular in Asian Continent specially India and China. It is an advance  way of retailing where products are arranged in such type of way that customers select product according to their own need,desire,demand and purchase it. Features- There are a number of features of Super Market.These features are as below- 1.It works self service basis. 2.It provides many methods of transaction. 3.Its product price is genuine. 4.It possess long range of product. 5.It possess separate department for many products. Advantage- There are many advantages of Super Market.These advantages are as below- 1.It presents main market of city.

There are a number of orgnations originated in 19 th century that chang the selling pattern of production and service in European continent. It gives maximum facalites so it became popular all other continent of world. It came india in the last decade of 19th century. These organisations are Departmental Store, Multiple Shops and Super Market. Among all Departmental Store is the first and very popular organisation because it provides many new facalities so elite class people high income group , working professional always purchase product and service from here.  The first concept of a Departmental Store originated European. Bonn Marche is the first Departmental Store of the world. While hair and military department store are the first departmental store that starts in Bombay in the last decade of twenty centuary.  *  There are many feature of Departmental Store. These features are as below;-  1. It is located in the centure of town. 2. It provides a very wide range o...

Multiple shopes are also called Chain Store . It is a retail shop that provides standard product at appopriate price. It is called Multiple Shops in European continent whereas it is also called chain store in U.S.A. * Feature;-  1. It operates single management. 2. The price of product is fix. 3. It posses less range of products.  4. Its product is standred. 5. It possess many retail orgnations.  6. It provides  only cash transaction. *Advantage ;-  There are many advantage of multiple shopes. These advantage are as below-  1. Perfect price- It is the first advantage of multiple shops. Manufactures supply a very large quantity of goods to shops so its price is perfect.  2. Maximum sale- It is the second advantage of Multiple shops. They are present near the common people. Its price is genuine so its sale is maximum . 3. No middleman- There is a direct  relationship between Manufactures and customers so there is no middle man like wholesalers, Dist...

Distribution Channels play an important role to distribute prodduct from one place to other place.There are a number of elements of distribution channels.These elements are Wholesalers,Retailers,Distributors etc. Every element plays an important role in the process of distributing product and services.Retailers are the second element whose role is very important because they are direct contact of Customers and convice them an effective way.Their functions are as below- 1.Assembling-It is the first function of Retailers.They purchase product or Services from different Wholesalers and assemble products at one place like their shop or showroom.They sell product or services according to need,want of Customers. 2.To sell Product-It is the second function of Retailers.They sell product or service in the form of small quantity.In this way they fulfill the need,want,desire of customers to purchase and use every type of product. 3.Grading and Packaging- It is also an important function of Retai...

We know that Public Enterprises play an important role for the development of India.India gets independence in 1947.In this time India is undevelop country.Public Enterprises oerform their function by a world class way so India becomes developing country and very soon it becomes develop country.But there are many causes of low productivity of Public Enterprises.These causes are as below- 1.Poor planning-It is the first cause of low Productivity of Public Enterprises.There are many Public Enterprises are established due to regional development of country.Before establishedment proper planning is not made so the production of Publec Enterprises is low. 2.Over capitalization-There are many public Enterprises whose established cost is maximum.Due to maximum investment its product's cost is maximum so its productivity is low because the demand of their product is minimum in market. 3.Overstaffing-It is the third problem of Public Enterprises.There are many hundreds employees work in Pub...

Distribution channels play an important role to distribute product from producers to consumers. There are a number of elements of distribution channels. These elements are wholesalers, retailers, distributor and so on.  Every element plays a different role in the process of distributing. Wholesalers are the first element of distribution channels. Their functions are as below: 1. Assembling : It is the first function of wholesaling. A wholesales buy product from different producers store products and sell according to need of retailers. 2. Warehousing : It is the second function of wholesalers. Every product requires particular type of environment, space, place etc. Wholesalers arrange all these things and store products. 3. Transportation : Transportation is an essential element of business wholesalers arrange transportation facilities and distribute products from store to shop/ retailers. 4. Financing : Wholesalers provide advance money to producer in advance to perform their func...

We know that business is a lawful activities that is performed according to rules regulation of concern government to increase the living  standrad of common people.  There are a number of forms of business organization. These forms are sole proprietorship,partnership, cooperative societies, joint hindu family, joint stock company etc.  Every  form has its own merit, demerit,application . Among all Joint Stock Company is one of the best and popular  from because it is only form  that has limited liability.  Joint stock company is voluntary association of people who contributes their capital in the form of shares to carry on a certain type of business for earning profit.  Features of Joint Stock Company  There are many features of Joint Stock Company.These features are as beow. 1. Voluntary Association of people -It is the first feature of joint stock company . It is a voluntary association of people  who invest their money to earn profit...

We know that business is a universal function that is performed to fulfill the need, desire, demand of customer's & enhance their living standard. There are a number of forms of business present in the world. These are sole proprietorship, partnership, cooperative society, joint hindu family, joint stock company & so on. Every form of business has its own merit, demerit, application and so on. Among all cooperative society is one of the best form because it is supported by government. Cooperative society is a voluntary association of people joined together on the basis of equality for fulfillment of their economic and business interest. * Feature of Cooperative Society.-    There are a number of features of cooperative societies. These features are as below- Voluntary association- It is the first feature of cooperative societies. It is a voluntary association of people. The people who have common interest they can form or join cooperative societies.  Less rules re...

We know that business is also a social activity . It follows the customs, tradition ,ethics of society There are many social responsbility of business. These are as below-  There are a number of persons , organizations concern to our organization. These are shareholders, personnel, customers, consumers, government, society and so on.  The process in which  we develop above explain person, organization by our  product, service , policy this process is called social responsiblity .  According to Peter F.Druker- Social responsbilty requires managers to consider whether their actions are likely to promote the public good to advance the basic belif of society to contribute to its stability strength and harmoney. There are a number of ways we perform social responsibility.These ways are as below  1. Customers- Customers are the first member of business's family. They exchange product service to us on the behalf of money . We should provide good quality product se...

Business is an economic activity that is perfomed on the behalf of money to incresse the living standard of customers. There are many problems we face to start a new business . These problems are as below;- 1. Business selection;- It is the first problem we face when we start a new business . Today  multinational company , large scale company produce every type of product in every sector of economy so, it is very difficult to select the product we should produce 2. Size of business ;- There are many size of business according to investment . These size are micro enterprise, small enterprise, medium enterprise . which size of entereprise is best for us is difficult to say so it is also an important problem. 3. Location ;- It is the third problem we face when we start a new business. There are a number of essential things require for business. These things are raw- material , labour ,market etc. Every location all these things are not present in sufficient amount so we select an ...

The objective of business is very wide because it covers the whole universe but some important objectives we may classify under following catogries. Economic objectives Business is an economic activities that is performed on the behalf of money to provide product and service to fulfill the need want desire of customers so its economic objective is as below 1.To earn profit-Profit is life blood of organization.It plays an important role to survive growth and expansation so every organization wants to earn maximum profit. 2.Optimum utilisation of resource-Every organization has less resource whereas they have to perform maximum function so they want to use their resource in such type of way that every function subfunction performs by effective efficient way so optimum utilisation of resource is second economic objective of business. 3.To increase customers-Customers are important element of business.They purchase product or service and give money to organization so every organizati...

We know that business is an essential part of economy in modern business world because it provides billion of jobs and increases the living standard of billion of people so we can say that business plays a important role for the development of nation. Nature or Feature of Business. There are a number of nature or Feature of Business.These are as below- 1.It is a social activity. 2.It is an economic activity. 3.It is a continuous activity. 4.It is a creative activity. 5.It is a dynamic activity. 6.It is a formal or informal activity. 7.It is a risk possessing activity. 8.It is a skillful activity  9 It is science or art. 10.It is a legal or lawful activity. Characteristics of Business We know that Business is an economic activity of human beings that is performed to fulfill the need demand want desire of customers and increase their living standard. There are a number of characteristics of business.Some characteristics are as below. 1.It exchanges goods and services on the behalf of...