The Consumer Protection Act, 1986, served as a pivotal foundation for safeguarding consumer rights in India, offering a simple, fast, and cost-effective mechanism for addressing grievances related to defective products, unfair trade practices, and services. With the establishment of Consumer Dispute Redressal Forums at the district, state, and national levels, the Act aimed to protect …
The accounting equation is like the foundation of a house, supporting everything built on top of it. In simple terms, it shows that everything a company owns (its assets) is funded either by what it owes (its liabilities) or by what the owners have invested (its equity). The accounting equation, fundamental to the double-entry accounting …
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What is an Organization? An organization is a structured and coordinated group of individuals working together to achieve common goals or objectives. It typically involves a formal structure, defined roles, and established processes to facilitate efficient functioning and goal attainment. Organizations can take various forms, including businesses, non-profits, government agencies, and other entities with a …
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CALCUTTA UNIVERSITY BBA STUDY MATERIAL Define the term Business Policy & Strategy. Business Policy and Strategy are two closely related concepts in the field of business management. Business Policy: Business policy refers to the guidelines, principles, and procedures that a company establishes to define its overall direction and decision-making processes. These policies are often developed …
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Banking Banking refers to the set of financial activities and services conducted by banks and financial institutions to facilitate the flow of money, manage financial resources, and provide various financial products and services to individuals, businesses, and governments. Banks are crucial intermediaries in the financial system, playing a central role in the economy by channeling …
