Advantages and Disadvantages of a Sole Trader

Topics

Historical Background of Commerce in the Sub-Continent
- Historical Background of Commerce in the Sub-continent
- Barter System
- Hindrances of Commerce
- Elimination of Hindrances of Commerce
Objectives of Business
- Classification of Human Activities - Economic and Non-economic
- Types of Economic Activities
- Classification of Business Activities
- Characteristics of Business
- Objectives of Business
Classification of Business Activities
- Introduction of Classification of Business Activities
- Industry
- Commerce
- Trade
- Comparison Between Industry, Commerce and Trade
Sole Proprietorship
- Introduction of Sole Proprietorship
- Definition of Sole Trader
- Characteristics of a Sole Trader
- Advantages and Disadvantages of a Sole Trader
Hindu Undivided Family and Partnership
- Introduction to Hindu Undivided Family
- Meaning, Definition and Features of Partnership
- Partnership Deed
- Rights and Duties of Partners
- Types of Partners
- Registration of Partnership
- Procedure for Registration
- Drawbacks of Non-registration of Partnership
- Dissolution of Partnership
Joint Stock Company
- Meaning and Definition of a Company
- Types of Companies
- Memorandum of Association(MOA)
- Articles of Association(AOA)
- Prospectus
Cooperative Organisation
- Meaning and Definition of Cooperative Organisation
- Principles of Cooperation
- Features of Cooperatives
- Advantages and Disadvantages of Cooperative
- Types of Cooperative
Multi National Corporations (MNCs)
- Meaning and Definition of Multi National Corporations
- Advantages and Disadvantages of Multi National Corporations
- Examples of Multi National Corporations (MNCs)
Government Organisation
- Introduction of Government Organisation
- Meaning and Features of Departmental Undertaking
- Advantages and Disadvantages of Departmental Undertaking
- Meaning and Features of Public Corporation
- Advantages and Disadvantages of Public Corporation
- Government Company
Reserve Bank of India
- Reserve Bank of India
- Need for the Study on Service Business
- Banking Service
- The Historical Development of Banks in India
- Bank
- Definition - Central Bank
- Origin of RBI
- Organisational Structure of RBI
- Functions of RBI
Types of Banks
- Bank
- Types of Bank
Functions of Commercial Banks
- Functions of Commercial Banks
- Primary Functions
- Secondary Functions
- Diversified Banking Functions
- Electronic Banking Functions
- Functions of All Commercial Banks in Totality
Warehousing
- Meaning of Warehouse and Warehousing
- Differences Between Warehouse and Warehousing
- Types of Warehouses
- Functions of Warehouses
- Advantages and Drawbacks of Warehousing
- Warehousing Documents
- Warehousing in India
Transportation
- Transportation
- Types of Transport
- Recent Trends in Transportation
- Types of Ocean Transport
- Services of Transport to Business
- Documents Used in Transportation
- Common Carrier
Insurance
- Meaning and Definition of Insurance
- Principles of Insurance
- Types of Insurance
- Terms Used in Insurance
- Business Risks
- Insurance Regulatory Development Authority of India (IRDAI)
Emerging Service Business in India
- Franchising
- Factoring
- Logistics
- Outsourcing
- Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO)
- E - Commerce
Social Responsibility of Business
- Concept of Social Responsibility
- Need for Social Responsibility
- Arguments for and Against Social Responsibility
- Kinds of Social Responsibility
- Social Responsibility Towards Different Interest Groups
Business Ethics and Corporate Governance
- Concept of Business Ethics
- Key Elements of Business Ethics
- Code of Business Ethics
- Corporate Governance
- Multinational Corporations in India
- International Benchmarking
Sources of Business Finance
- Meaning and Nature of Business Finance
- Sources of Business Finance
- Factors Influencing Choice of Business Finance
- Savings - Importance of Savings
- Personal Investment Avenues
International Finance
- International Finance
- Foreign Direct Investment and Institutional Investors
- Foreign Institutional Investors (FII)
- International Capital Market
- Global Depositary Receipt (GDR)
- American Depository Receipts (ADR)
- Foreign Currency Convertible Bonds (FCCB)
- Foreign Currency Convertible Bonds (FCCB)
Micro, Small and Medium Enterprises (Msmes) and Self Help Groups (Shgs)
- Micro, Small and Medium Enterprises (MSME)
- Role and Significance of MSMEs
- Contribution of MSMEs to Indian Economy
- MSME Sector in Tamil Nadu
- Self Help Groups
Types of Trade
- Meaning of Trade
- Features of Internal Trade
- Foreign Trade
Channels of Distribution
- Meaning of Channels of Distribution
- Types of Channels of Distribution
- Factors Influencing Channel of Distribution
- Middlemen
- Kinds of Mercantile Agents or Agent Middlemen
- Meaning of Wholesalers
- Characteristics of Wholesalers
- Meaning of Retail Trade
- Characteristics of Retailers
- Distinction Between Wholesaler and Retailer
Retailing
- Introduction to Retailing
- Types of Retailers
- Role of Champers of Commerce and Industry Associations
International Business
- Nature of International Business
- Concept of International Business
- Method of Conducting International Business
- Features of International Business
- Rationale Behind International Business
- Types of International Business
- Advantages and Disadvantages of International Business
Export and Import Procedures
- Meaning of Import Trade
- Meaning of Export Trade
Facilitators of International Business
- World Trade Organisation (WTO)
- World Bank
- International Monetary Fund (IMF)
- South Asian Association for Regional Co-operation (SAARC)
Balance of Trade and Balance of Payments
- Concept of Balance of Payments (BOP)
- Balance of Trade
Elements of Contract
- Meaning and Definition of the Indian Contract Act
- Essentials of a Valid Contract
- Classification of Contract
Performance of Contract
- Introduction to Performance of Contract
- Who will Perform the Contract?
- Reciprocal Promises
Discharge and Breach of a Contract
- Discharge of Contract
- Remedies for Breach of Contract
Direct Taxes
- Meaning of Taxes
- Income Tax
Indirect Taxation
- Meaning of Indirect Tax
- Goods and Services Tax (GST)
- Gst Council

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Advantages

Easy Formation
Incentive to Work hard
Small Capital
Credit Standing
Personal Contact with the Customers
Flexibility

Disadvantages

Limited Capital
Limited Managerial Skill
Unlimited Liability
Lack of Specialisation
Hasty Decisions

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Advantages and Disadvantages of a Sole Trader

Topics

Historical Background of Commerce in the Sub-Continent

Objectives of Business

Classification of Business Activities

Sole Proprietorship

Hindu Undivided Family and Partnership

Joint Stock Company

Cooperative Organisation

Multi National Corporations (MNCs)

Government Organisation

Reserve Bank of India

Types of Banks

Functions of Commercial Banks

Warehousing

Transportation

Insurance

Emerging Service Business in India

Social Responsibility of Business

Business Ethics and Corporate Governance

Sources of Business Finance

International Finance

Micro, Small and Medium Enterprises (Msmes) and Self Help Groups (Shgs)

Types of Trade

Channels of Distribution

Retailing

International Business

Export and Import Procedures

Facilitators of International Business

Balance of Trade and Balance of Payments

Elements of Contract

Performance of Contract

Discharge and Breach of a Contract

Direct Taxes

Indirect Taxation

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