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Plant Layout
Business

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 …
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Plant Layout
Business

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 …
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Business

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 …
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Office Filing System
Business

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 …
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Company
Business

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 …
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Cooperative Society
Business

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 …
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Cooperative Society
Business

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 …
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Cooperative Society
Business

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 …
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Public Utilities
Business

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 …
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business
Business

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 …
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