Concepts of Hire Purchase | Advantages of Hire Purchase
Concepts of hire Purchase Sometimes, entrepreneurs may not be in a position to pay the full cost of the asset. In such situations, they can opt for hire purchase. …
Leasing – Meaning, Terminologies Used, Steps, Advantages
What is Leasing? Leasing is a kind of financial service which allows a firm to use and control the asset without acquiring it. Leasing helps small firms to acquire …
Sources of Short-Term Finance and their Merits
Sources of Short-Term Finance Important sources of short-term finances are Trade Credit, Cash Credit, Advance by Customers, Accrual Account, Short-term Public deposits, Overdraft, Discounting of Bills and Short-term loans. …
Sources of Long-term Finance and their advantages
Sources of Long-Term Finance The sources of long term finance are as follows: 1. Shares An organization can raise long term funds through issue of shares. It is one’s …
Concepts of Personal Selling in Insurance | Steps in Selling Process
Concepts of Personal selling in Insurance Among the various promotional strategies, personal selling occupies a place of outstanding significance. This is due to the fact that the insurance business …
Procedure to be followed for effecting Life Insurance Policy
Procedure to be followed for effecting Life Insurance Policy The following procedure has to be followed to effect a life insurance policy: 1. Filling up a proposal form The …
What is Principle of Causa Proxima? | Meaning and Examples
What is Principle of Causa Proxima? Proximate cause means the active, efficient cause that sets in motion a chain of events which brings about a result, without the intervention …
Methods of Risk Classification in Insurance | How to deal Risk?
Methods of Risk Classification Risk can be classified through following two methods in Insurance. 1. Judgement or Assessment method In Judgement or Assessment method, the insurer studies all the …
Challenges Encountered in Indian Rural Insurance Market | Collaborative Actions
Challenges to be encountered in the Indian Rural Insurance Market The task of providing insurance services to the people in rural areas will be major challenge for both public …
Office Machines & Equipment | Advantages or Objectives | Disadvantages
Introduction Use of machines has become an important part of the functioning of a modem office organization. They are also called as labour saving devices. There are a large …