Best Commerce Notes For Revision

Consumer Protection ..........short and easy notes for board exam. 1. What do you mean by consumer protection? What are its importance? > Consumer Protection means to protect the consumer right against anti-consumer trade practicese by the producers or sellers. The following are the specific reasons that make Consumer Protection absolutely essential; A consumer is expected to pay for what he get in return. They should not be expected to pay for what they are not getting. Therefore, consumer need to be protected against overcharging of prices. It help the consumer to seek justice from the Court against the product. Safety from unstandardise product. It helps to create tension free atmosphere for the consumer. Compensation for inconvenience. The businessman get best support from all the party. 2. What do you mean by consumer rights? > under consumer protection act 1986 as amendment in 1993, provides the following rights to the protection of consumer; Right to safety- consumer hav...

 Planning . . .. .   Short & Easy Notes for B oard Exam #1. What do you mean by Planning? > Planning is the process  of thinking before doing. It involves determination of goals as well as activities to be undertaken to achieve the goals. More specifically planning consist of deciding in advance. It decides beforehand, what is to be done, how is to be done, where is to be done, when is to be done, by whom is to be done. #2. Write the characteristics of good planning. Sitting clear cut objective-  the existence of clear cut objectives is necessary for efficient and effective planning. Objectives should not only be understandable but also rational. Economical-  the planner must undertakes cost benefit analysis to ensure that the benefits of planning are more than the cost involved in it. Flexibility-   some elements of flexibility must be introduced in Planning because modern business operates in an environment which keeps on changing. Dynami...