The company is the most effective vehicle yet discovered to manage and control modern business enterprise. Other forms of organisation may outnumber it, but most business is transacted by companies. In fact, the company pervades the economic and social life all over the world, because of so many advantages it enjoys over other forms of organisation. Some of the types [...]
Commerce includes all those activities which play a key role in the transfer of goods from their place of production (producers) to their place of final consumption (consumers). In simpler terms, commerce can be defined as all functions connected with the buying and selling of goods and services. In other words, commerce deals with the movement of goods from the [...]
A strike is commonly considered the last weapon in the armoury of organised labour for settling industrial disputes. When all other options for amicable settlement of an industrial dispute have exhausted and negotiations with the employer have failed, the workmen resort to strike action. According to the Industrial Disputes Act, 1947, a strike is "a cessation of work by a [...]