Process or Functional Layout | Features, Advantages, Disadvantages
What is Process or Functional Layout? A process layout is based on the nature of the process through which the product should move in the course of manufacture. Process …
Product or Line Layout | Meaning | Features | Advantages, Disadvantages
What is a Product or Line Layout? Product or line layout refers to the arrangement of productive machines and equipment in the order of manufacturing operations. In Product or …
Industrial Estates | Meaning, Objectives, Merits, Types, Role
Meaning and Definition of Industrial Estates Industrial estate is one, which consists of well-constructed factories that are offered to entrepreneur for establishing an enterprise. It is normally established in …
Filing – Meaning, Functions, Advantages, Essentials, Requirements
What is filing? Filing can be described as the core of records management. The files of an organization are its memory and any malfunction of this memory will severely …
Distinction between Partnership and Joint Hindu Family Firm
Partnership vs Joint Hindu Family Firm The following are the top 10 differences between a Partnership business and HUF business. 1. Formation A partnership is a contractual relationship arising …
Cooperatives and Companies | Similarities and Differences
Similarities between Cooperatives & Companies The companies and co-operatives are similar in the following respects. 1. Both are body corporates registered under their respective laws. 2. The members of …
Advantages and Disadvantages of Cooperative Societies
Merits of Co-operative Societies Being a body corporate, the co-operative society gets all the advantages and benefits, which are derived by companies. In addition, it enjoys the following advantages …
Cooperative Institutions | Meaning, Salient Features, Types
The ultimate objective of all major forms of business organizations is to earn profit. The cooperative institution is another form of organization whose principal objective is not to earn …
Public Utilities | Meaning, Features, Rights, Duties, Problems
Introduction The public utility undertakings play an important role in the economic and social life of the community. The term public utilities refer to those undertakings, which provide the …
Holding Company | Meaning, Classification, Advantages & Disadvantages
What is a Holding Company? The holding company is a separate company which controls the policies of other companies through ownership of their key shares. In other words, holding …