Importance of Transportation is Transportation provides some unique advantages. The usual benefits available from transportation are as follows: Importance of Transportation Shortening the distance: Transportation removes the difficulty of distance. Distant places can be communicated quickly. Expansion of the market: By transport facility, commodities can be distributed in wide areas. Thus transportation helps in widening […]
Classification of Business
What is Transportation in Business Studies? Meaning of Transportation
What is Transportation in Business Studies -Transportation is an important part of business and commerce. Transportation means conveyance of goods and passengers from one place to another. Effective transportation is inevitable for economic progress. It is the lifeline of commerce. Development of transportation facilities regulates the social, political and economic growth of a country. Without […]
Business Industry and Its Type | Classification of Business Industry
Production of goods for sale by the application of human or mechanical power is called industry. In other words, the term industry refers to the productive aspect of business. Classification of Business industry On the basis of types of goods produced, is as follow. On the basis of nature and type of goods produced and […]
Ramifications of Business | Classification of Business
Business like Weather is with us every day. It is a wide term. In its liberal sense, business means the start of being busy. But in short, business means any systematic or organized course of activity earn profit through production and sale of goods or services. According to Mc. Naughton – “The tern business means […]