This article throws light upon the ten main qualities of a successful businessman. The qualities are: 1. Knowledge of Business 2. Accuracy 3. Time Sense and Foresight 4. Alertness 5. Honesty and Morality 6. Initiative and Capacity to Make Decisions 7. Ability to Co-Operate 8. Consistency and Dependability 9. Energy 10. Personal Qualities. Quality # 1. Knowledge of Business: The [...]
The different types of business ownership are:- 1. Single Ownership (Private Undertaking). 2. Partnership. 3. Joint Stock Company 4. Cooperative Organisation (Or Societies) 5. Public Sector 6. Private Sector. Type # 1. Single Ownership: Ownership when applied to an industrial enterprise means title to and possession of the assets of the enterprise, the power to determine the policies of operation, [...]
This article throw light upon the ten important reasons for mergers. The reasons are: 1. Economies of Scale 2. Operating Economies 3. Synergy 4. Growth 5. Diversification 6. Utilisation of Tax Shields 7. Increase in Value 8. Eliminations of Competition 9. Better Financial Planning 10. Economic Necessity. Reason # 1. Economies of Scale: An amalgamated company will have more resources [...]