New trends have been introduced in retailing business because of the dynamic nature of commercial activities. In...
COMMERCE
Retail co-operative society is a form of co-operative in which many small independent retailers pool their resources...
Discount Houses A discount house is a retailing business unit that features a large variety of products...
Mail Order Mail order is a form of large retailing in which buying and selling is carried...
Super Market A super market is a large retailing business unit selling mainly food and household items...
The departmental store is a collection of shops under one roof with ownership of each shop or...
Large scale retailers achieve their growth by increasing the physical size of their units to cater for...
MEANING OF OCCUPATION Occupation can be defined as any economic or productive activities which people engage in...
A consumer is an individual who makes the final use of goods and services provided by a...
MEANING OF BUSINESS Business can be defined as the sum total of all economic activities which people...
MEANING OF PUBLIC RELATIONS The British Institute of Public Relations defines public relations as: “a planned and...
Advertising can be defined as any paid form of non-personal communication which is directed to the customers...
THE EMPLOYER The employer is somebody or an institution that hires or provides work for another person...
DEFINITION OF NEGOTIABLE INSTRUMENT A negotiable instrument is a document evidencing an obligation which is transferable by...
DEFINITION OF SALE OF GOODS The Sale of Goods Act 1893 defines sale of goods as: ”...
DEFINITION OF AGENCY An agency can be defined as a legal relationship that exist between two parties,...
DEFINITION OF CONTRACT A contract can be defined as: “An agreement between two or more parties which...
MEANING OF TRADE ASSOCIATION Trade association is an association of traders or producers engaged in the same...
A carrier is a firm or organisation that specialises in transporting other people’s goods. Carriers can be...
