The following points are taken into consideration while selecting a form of business organisation: 1. Easy in Formation 2. Easy in Raising Finance 3. Extent of Liability 4. Flexibility of Operation 5. Stability and Continuity 6. Secrecy 7. Government Regulations 8. Tax Liability 9. Decision-Making Opportunities. Factor # 1. Easy in Formation: The primary consideration in making the choice is [...]
This article will help you to learn about the difference between business and profession. Difference between Business and Profession Business 1. Specialised Knowledge: No specialised knowledge is required for a business. A layman can start a business. 2. Objective: The prime objective of a business is to maximise the profit. Service motive is a secondary one. 3. Advertisement: Advertisement is [...]
This article will help you to learn about the difference between trade, commerce and industry. Difference Between Trade, Commerce and Industry Trade 1. Trade is that branch of commerce which deals with exchange or transfer of goods and services. 2. The origin and development of trade is the result of the prevalence of barter system. 3. It includes sale and [...]