Canadian PM to visit Golden Temple Tuesday

Canadian Prime Minister Stephen Harper will arrive in this Punjab city Tuesday and visit the famed Golden Temple, the holiest of Sikh shrines.Harper will arrive here by a special flight at Amritsar’s Rajasansi airport and drive straight to the shrine. He will be received at the airport by Punjab Deputy Chief Minister and Akali Dal [...]

Filed under: Business, ,

Limitations of Production Planning and control

Production planning and control is no doubt indispensable for efficient management of production. But it suffers from the following drawbacks.
1) Production planning and control is based on certain assumptions or forecasts about customers orders, plant capacity, availability of materials and power. If these assumptions or forecasts go wrong, production planning and control becomes in [...]

Filed under: Business, , , ,

Elimination of Speculation

Due to these evils and danger,  many people argue that speculation should be totally prohibited.But in the absence of speculation, an organized market may fail to perform, the  legitimate functions of price continuity and liquidity.Speculation is helpful in the growth of a board, open and continuous organized market.Complete ban on speculation may deprive the market [...]

Filed under: Business, , ,

Froogle (Product Search )

The Froogle (a google play on the word frugall) product search allows you to search for products , their price ranges , and comparisons moments, and its usefulness to Indian shoppers is limited unless the online store supports international shipping. That said , Froogle remains a great place to get unbiased product reviews and get [...]

Filed under: Business, , ,

Branding

Branding is the process of assigning a distinctive name to the product by which it is to be known and remembered. A brand is a name, term, symbol or design or a combination thereof used to identify the goods or services of a seller and differentiate them from those of competitors. A brand name consists [...]

Filed under: Business, , , ,

Financial Information

Report by the auditors: A report by the auditors of the company with respect to (a) its profits and losses, and assets and liabilities; and (b) the rates of individents paid by the company during the preceding 5 financial years.
Reports by the accountants: A report by the accountants (who shall be qualified under the Act [...]

Filed under: Business, , ,

Disadvantages of RPM

The policy of resale price maintenance is often called ‘anti-consumers’.It has been criticized on the following grounds:
* Resale price maintenance benefits the manufactures and dealers at the cost of consumers.It deprives the consumers of the benefits that may occur to them because of price competition among the dealers.Price are fixed at a high level [...]

Filed under: Business, , , ,

Measures For Dvelopment Of Collective Bargaining

The effectiveness of collective bargaining may be improved through the following measures:

There must be one strong and representative union in every plant. Multiplicity of unions and inter union rivalry should be avoided as far as possible.
The majority union enjoying the support of at least 50 percent of the workers should be recognized by law as [...]

Filed under: Business, ,

Basic Methods of Pricing

The methods or technique of fixing prices depends upon the pricing objectives and policies of the firm. Some of the important methods of pricing are described below :
Cost Plus Pricing or Full Cost Pricing:
Pricing is the most common pricing method used by business firms. Under this method, selling price of a product is determined by [...]

Filed under: Business, , ,

Direct mail advertising

Under this medium, a mailing list of potential customer is prepared. The message can be directed to specific individuals who are likely to buy the product. Secondly, it is very economical and minimum wastage is involved as the advertisement gets exclusive attention. Thirdly, it has personal appeal since the message is addressed to a particular [...]

Filed under: Business, , , , ,