Wednesday, December 2

Business

Business is an activity of individual to sell the product and the service for making money. Businesses must satisfy a societal need. The main objective of the business is the profit. A businessman need to believe in his strengths and skill for the growth of any business. Every business has two parties one is buyer and other is seller. Business is just a contract or an agreement between buyer and seller.

 

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Advantages and Disadvantages of International Business
Business

Advantages and Disadvantages of International Business

Globalization has integrated national economies into a global market economy. One can even call them as a global village. As the markets expand, businesses have naturally bloomed. International business is an important part of a country's economy. But is it a sustainable model of business? So here we look at the advantages and disadvantages of international business. WHAT DOES INTERNATIONAL BUSINESS MEAN? International business is commercial activities in relation to trade of goods, services, technology, ideas, infrastructure, and resources across national borders. This occurs on a global scale between two or more countries and creates the phenomenon of globalization. These activities or cross-border transactions may include capital, skill, and people for various purposes. There are seve...
Advantages and Disadvantages of Sole Proprietorship
Business

Advantages and Disadvantages of Sole Proprietorship

When an individual decides to start a business, they have hundreds of decisions to make. They have to decide the scale of their business, the location, and many more. One very important decision that they have to take is with regards to the ownership of their firm. There are various options to choose from. One of them is sole proprietorship. Like all other options for all questions in the world, it has its own advantages and disadvantages. WHAT IS SOLE PROPRIETORSHIP? Sole proprietorship is the oldest and most common form of business ownership. Its name is pretty self-explanatory. sole+proprietorship. “Self” implies one’s own and “proprietorship” implies ownership. A sole proprietorship is a business entity that is fully owned by one person. This individual owner is known as a “sole prop...
Advantages and Disadvantages of E-Commerce
Business, Technology

Advantages and Disadvantages of E-Commerce

We live in the age of globalization driven by digital connectedness and unlimited flow of data. One could even say that we are hyper-connected. There are no physical barriers left when it comes to connectivity anymore. And this even translates to our consumerism. As a concept, e-commerce has emerged as a symbol of this very globalization and a key to success in this digital age. So, let us look closely at the advantages and disadvantages of e-commerce. WHAT DOES E-COMMERCE MEAN? E-Commerce or electronic commerce means the process of buying or selling of goods or services electronically on the internet. It involves the transaction of goods and services, transfer of capital, and exchange of data. This is supported by a comprehensive usage of information and communication technology (ICT) a...
Advantages and Disadvantages of Organizing a Firm as a Corporation
Business

Advantages and Disadvantages of Organizing a Firm as a Corporation

In the ever-evolving world of ours, the business model has always been about increasing profits and shifting innovations. There's severe competition in the business world and every company or firm strives to be the best among the best. Firms or companies can take different forms according to their jurisdictions. One such form is a corporation. Let us look at the advantages and disadvantages of organizing a firm as a corporation. WHAT IS A FIRM? A firm is an enterprise that buys or sells products or services to its consumers intending to make a profit. It is also called a company or business colloquially. The term firm describes the association of several persons who are interested in business. And it does not qualify as a legal entity. In other words, it is only a term used to describe p...
Advantages and Disadvantages of Capitalism
Business

Advantages and Disadvantages of Capitalism

Throughout the history of civil society, various empires have existed. All of these empires have had different economic histories. A major reason why they have had different economic histories is that they had different economic systems. One of the types of economic systems is capitalism. Because of its advantages and disadvantages, it has had wildly different impacts on economies. WHAT IS CAPITALISM? In simple terms, capitalism is an economic system wherein private ownership is a concept. It means that private entities, such as individuals or corporations own the 4 factors of production. They are entrepreneurship, capital, land, and labour. WHAT IS ENTREPRENEURSHIP? Entrepreneurship is the act of individuals or corporations manufacturing goods and services to earn profit. An entrepren...
Advantages and Disadvantages of Partnership
Business

Advantages and Disadvantages of Partnership

There are various forms of ownerships that people go for while establishing a business. These forms put control in different people’s hands, and in different proportions. There are many forms of ownership. These include sole proprietorship, private corporation, and limited liability company (LLC). Another form of ownership is a partnership. Like all other forms, it has its own advantages and disadvantages. As the name suggests, a sole proprietorship puts controls in the hands of one single owner. It is a type of enterprise one person owns and manages and in which there is no legal distinction between the owner and the business entity. It is also generally called as a sole trader or individual entrepreneurship. Also known as a closely held corporation, unquoted company, or unlisted compa...
Advantages and Disadvantages of Mutual Funds
Business

Advantages and Disadvantages of Mutual Funds

There are a lot of options that people can choose from to safeguard or increase their financial resources. These are called investments. Consumers sometimes buy fixed assets or deposit this money into banks. Options such as FDs safeguard financial resources and also increase them over time. Fixed assets guarantee safeguard unless there’s a mishap, but don’t always increase one’s financial resources.  Mutual funds allow consumers to increase their financial wealth, but only at a risk. They have various advantages and disadvantages of their own. WHAT IS AN INVESTMENT? An investment is an asset or item acquired with the goal of generating income or appreciation. Goods that are purchased to be used in the future to create wealth are known as investment. In finance, an investment is a monetar...
Advantages and Disadvantages Of Bankruptcy
Business

Advantages and Disadvantages Of Bankruptcy

In the event of a financial crisis, there is no guarantee as to what direction things can take. Many people emerge victorious and are able to get back up on their feet. Others, however, are forced to give up their belongings and declare bankruptcy. Whatever knowledge most people have of bankruptcy comes from pop culture. People having to live on the streets, struggling to find food, owning nothing but the clothes already on their bodies. This is not necessarily true. Bankruptcy might sound like something really scary, but it has its own advantages and disadvantages. WHAT IS BANKRUPTCY? Bankruptcy is both a financial condition and a legal process. As a financial condition, it means that someone is not in a position to repay the debts that they owe to others. It is also a legal process thr...