Principles of Good Store Location and Layout
Principles of a Good Store Location and Layout are briefly explained as follows. 1. Economy in cost of transportation Location of store building or storeroom layout has a wear …
Top 10 Causes of Accidents in Stores and Suggestions to Avoid
One of the important responsibilities of the storekeeper is to prevent accidents from taking place in stores. Accidents can cause damage to materials, machines or facilities and injury or …
Tangible and Intangible Losses due to Breakdown
Tangible Loss due to Breakdown The loss due to breakdown may be classified into tangible and intangible. Tangible loss includes down time cost, effect on other machines, expediting cost, …
6 Most Important Considerations in Product Development
Considerations in Product Development While developing a new product the following considerations are worth noting: 1. Consumer Acceptance Sales depend on consumer acceptance of the product. The demand of …
7 Important Functions or Benefits of Insurance
Insurance provides a variety functions which are beneficial to the common man, business community and the nation as a whole, directly or indirectly. A few of them are discussed …
12 Differences between Insurance and Wagering Contract
Differences between Insurance & Wagering Contract Insurance contracts should be distinguished from wagering or gambling contracts such as betting on the turn of a card or on horse racing …
Rights of Bailor and Bailee
Rights of Bailor The following are the rights of a Bailor: 1. Right to Enforce If the bailee neglects in any one of his duties, the bailor has a …
Duties of Bailor and Bailee
Duties of Bailor The following are some of the duties of bailor. 1. To Disclose Faults in the Goods Bailed As per Sec. 150 of the Act, the bailor …
Procedure for alteration of Conditions in Memorandum of Association
Alteration of the Conditions of Memorandum of Association The condition or the obligatory clauses of the Memorandum of Association can be altered in the manner stated below. 1. Alteration …
Precautions in Office | Fire & Accidents | How to Prevent?
Precautions in Office The duty and responsibility of office manager is to device or to make adequate proper safety arrangements for the prevention of physical hazards within the office …