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
description
- Advantages
- Voluntary organization
- Easy formation
- Democracy
- Equal distribution of surplus
- Limited liability
- Separate legal entity
- Each for all and all for each
- Greater identity of interests
- Government support
- Elimination of middlemen
- Tax concessions
- Rural credit
- Disadvantages
- Limited funds
- Over reliance on Government funds
- Imposed by Government
- Benefit to rural rich
- Inadequate rural credit
- Lack of managerial skills
- Government intervention
- Misuse of funds
- Inefficiencies leading to losses
- Lack of secrecy
- Conflicts among members
- Limited scope
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