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Hire Purchase
Finance

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. …
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Leasing
Finance

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 …
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Finance
Business

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. …
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Finance
Business

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 …
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Insurance
Insurance

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 …
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Insurance
Insurance

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 …
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Insurance
Insurance

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 …
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Insurance
Insurance

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 …
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Insurance
Insurance

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 …
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Office Manager
Office Management

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 …
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