Scholarship

OBJECTIVES OF BUSINESS RECENTLY DEVELOPMENTS The following are social economic and human objectives of business; ECONOMIC OBJECTIVES -To earn profit through production and selling of goods and services -To have fair dealings with business financiers including trade creditors, debenture holders, commercial banks and other financial institutions by paying them accordingly. -To expand the market size through creation of more customers …

FACTORS INFLUENCING DIVISION OF LABOUR   MARKET SIZE-If the market is large enough to absorb all produced goods and services, the division of labour will be big and opposite. FIRM SIZE-If the firm is small the number of workers in various processes will be few and division of labour as well will be limited and vice versa. THE LEVEL OF TECHNOLOGY-If …

DEFINITION OF COMMERCE COMMERCE IS THE STUDY OF HOW MAN ORGANIZES THE DISTRIBUTION AND EXCHANGE OF COMMODITIES SO AS TO SATISFY HIS NEEDS IN THE MOST EFFICIENT MANNER. The word COMMERCE is made up of two Latin words, CUM (WITH) and MERX (MERCHANDISE), so that a lateral translation would be WITH GOODS. Therefore, this is certainly opt, since commerce is …