Business Makers

Proforma invoice is an offer by the exporter to an importer.  In contains the following information:

Name and address of the importer
Specifications of goods
Unit price
Quantity of goods
Currency in which offer is given
Terms of shipment
Terms of payment
Last date of validity of the offer

Business interacts with several interest groups of society. These interest groups are s follows:

INTEREST GROUPS

Owners and Employees Consumers Supplies Government Community
Investors and general
Public

The responsibilities of business towards these interest groups are summarized below:

• Responsibilities Towards Owners and Investors: (a) To provide a fair return on their investment (b)To furnish regular, accurate and complete information abut the working of the company (c) To maximize the shareholders’ wealth by means of increase in the value of shares (d) To allow the shareholders representation and participation in the management of business.

• Responsibilities Towards Employees: (a) To pay fair wages for the contribution of employees (b) To provide security of job and promotion opportunities (c) To offer welfare facilities like safe working conditions, housing, medical and leave, retirement benefits etc. (d) To treat employees as partners in the management and progress of business (e) To evocate work according to their knowledge an aptitude is as to ensure job satisfaction.

• Responsibilities towards Consumers: (a) To provide goods and services of the right quality and at reasonable prices(b) To avoid unfdair trade practices such as adulteration. Black-marketing, misleading advertising, etc. (c) To handle consumer grievance quickly and courteously. (d) to provide effective and prompt after sale service.

• Responsibilities towards Suppliers: Every business firm should develop and maintain healthy relations with suppliers and competitors. It must pay the right price and make regular payments to its suppliers. In regular dealings with competitors, a business enterprise must not adopt unfair trade practices such as price cutting to gain unfair advantage.

• Responsibilities towards the Government: (a) To comply with the laws passed by the government (b) To pay all taxes honesty and in time (c) To assist the government in the formulation and implementation of proper business policies (d) To support the government efforts in improving the quality of life of people.

• Responsibilities Towards the community and General Public: (a) To reduce pollution (b) To take adequate safety measures against production of hazardous or unsafe products (c) To contribute to social welfare by helping educational institutions, hospitals, weaker sections of society, etc. (d) To provide relief in times of natural calamities such as drought, flood, earthquake, etc. (e) To promote sports, art and culture (vi) To prevent discrimination on the basis of sex, caste, race, religion, etc. in providing employment.

A business owes the following responsibilities to the government:

To comply voluntarily with the laws passed by the government.
To pay taxes and duties honestly and in time.
To make constructive suggestions regarding formulation of policies which have a bearing on business?
To cooperate with the executive organs of the government regarding proper implementation of laws and policies.
To cooperate with the executive organs of the government regarding proper implementation of laws and policies.
To support the efforts of the government for improving the quality of life of people and in solving the pressing national problems in the country.
To plan and establish new endures joint rural and backward areas in the interest of balanced regional development of the country.
To continue towards rescue and relief work in times of national calamity or disaster such s droughts, floods, earthquake, etc.

CEO of Startech Environmental Corporation updated the investment community in an all-new interview with wallst.net. Topics covered in the interview include an overview of the company, recent press, the market opportunity and upcoming milestones for which investors should watch.

Startech is the Environment and Energy Company and it is internationally recognized, award-winning environment and energy industry company engaged in the production and sale of its innovative, proprietary plasma processing equipment known as the Plasma Converter System(TM).

The Plasma Converter System safely and economically destroys wastes, no matter how hazardous or lethal, and turns most into useful and valuable products. In doing so, the System protects the environment and helps to improve public health and safety. The System achieves closed-loop elemental recycling to safely and irreversibly destroy Municipal Solid Waste, organics and inorganics, solids, liquids and gases, hazardous and non-hazardous waste, industrial by-products and also items such as “e-waste,” medical waste, chemical industry waste and other specialty wastes, while converting many of them into useful commodity products that can include metals and a synthesis-gas called Plasma Converted Gas (PCG) (TM).

Among the many commercial uses for PCG, is its use to produce “green electrical power,” Gas-To-Liquid (GTL) fuels such as ethanol, synthetic diesel fuel and other higher alcohol “alternative” fuels. Hydrogen, for use and sale, can also be separated and recovered from the PCG synthesis gas mixture.

The Startech Plasma Converter is essentially a manufacturing system producing valuable commodity products from feedstock-materials that were previously regarded as wastes. Startech regards all wastes, hazardous and non-hazardous, as valuable renewable resources.

About WallSt.net: is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The Web site is a leading provider of timely business news, executive interviews, multimedia content and research tools. Financial Media Group, Inc. also owns mywallst.net, a financial social network for investors, and Financial Filings Corp., a provider of compliance solutions to publicly traded companies. Additionally, WallStreet Direct, Inc. owns and operates WallStRadio, a business and finance podcast Web site.

Source: startech.net and wallst.net

Earning of profits is very necessary in business due to the following reasons:

1. Reward for risk bearing: Business is full of risks. No one will take the risk without the incentive of profit. Profit is the motivating force because it serves as a reward for bearing the risks of business.

2. Survival: No business can survive for long without earning profits. Profis are the lubricants that drive the wheels of business. A business can maintain its profit earning capacity by replacing its obsolete assets.

3. Growth and expansion: Profits are he internal source of finance or the expansion of business. A business can grow if it continues to develop new products, services, markets and processes. For this purpose continuous research and development is necessary .Profits provide the capital for research and development. Reinvestment of earnings is the best method of financing expansion and growth of business.

4. Reputation: A profit –making business commands prestige and recognition in society. Goodwill helps business to obtain funds and attract talented employees.

5. Measure of success: Profit is the indicator of success in business. More efficient a business is, greater are its profits. Profit is the index of performance of businesses.

6. Means of livelihood: Profits provide the means of livelihood to businessmen and their families.

Structure Of Business

Structure of business means the way business activities are organized. The broad categories of activities which together constitute business is known as the structure of business. Study of the structure of business involves understanding various categories of business activities. Business activities may be classified on the basis of six (small scale and large scale), ownership (private sector, public sector and joint sector) and function (industry and commerce).

Asian stocks is on rise for this week because of China Mobile Ltd. and Sony Corp. reported top earner.

China Mobile is the worlds largest cellular phone user country is now making records in the market and Sony corp is the second largest consumer electronics makers has gain there best in last two months. Well the overall market result are strong that shows strong Asian economies.

The Morgan Stanley Capital International Asia-Pacific Index added 1.4 percent to 168.06 this week. India’s benchmark led gains in the region. Japan, Australia, New Zealand, the Philippines and Pakistan were the only decliners.

Mizuho Financial Group Inc. were dropped, while China Mobile gained 4.3 percent to HK$154.2. and Sony added 4.5 percent to 5,560 yen.

Driven by Earnings

Honda Motor Corp., Japan’s No. 2 car maker, jumped from 5.5 percent to 4,040 yen.
Hyundai Motor Co., South Korea’s one of the largest automaker, climbed 1.9 percent to 66,200.
Bank of Korea it grew 5.2 percent for the last year.
Posco, Asia’s No. 1 steelmaker by market value company, rose 8.9 percent to 658,000 won.

“The Korean economy is doing pretty well, helped in part by stronger consumer spending,” said Shane Oliver, who helps manage $83 billion at AMP Capital Investors in Sydney.

“We might start to see financial coming clean now about how much they’ve really lost on the sub prime mess,” said Koichi Takatsuka, who helps oversee $1 billion at UAM Japan Inc. in Tokyo. “So far, a lot of the quarterly earnings have been sugar-coated, so the market has still not been able to accurately discount for the impact on stocks.”

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Commerce is concerned with the distribution of commodities and includes all functions involved in buying, selling sand exchange. It covers not only the functions of buying and selling but also the many services which must be provided to transfer, store, finance and insure goods in the course of exchange.  According to James Stephenson, commerce means the sum total of those processes which are engaged in the removal of the hindrances of person (trade), place (transport and insurance), time (warehousing) and exchange (banking) of commodities.

Trade is that branch of commerce, which is concerned with buying, and selling of goods.  Trade overcomes the barrier of person.  In the absence of traders, producers will have to go in search of consumers.  Trade is of the following types:

• Trade carried on within the country is called home trade.  It can be carried on wholesale or on a retail basis.  Wholesale trade involves buying goods directly from producers and selling them to retailers for resale to consumers or to business firms for industrial use.  Retail trade involves selling directly ultimated consumers.  It serves as a link between wholesalers and consumers.

• Trade carried on with other countries is known as foreign trade.  It involves buying and selling of goods between two countries across their national borders.  Foreign trade may be of three types Import which means buying goods form a foreign country Export which means selling goods to a foreign country, and Entrepot which means import of goods for the purchase of re-export.

• Commercial activities, which facilitate buying, and selling of goods is called aids to trade.  These activities include transport, warehousing, insurance, banking and advertising, etc.

On the basis of size, business activities may be classified into two categories;

(a) Small scale, and

(b) Large scale.

A small scale business unit is one which involves a small amount of investment and serves a small number of customers. Small scale units are entitled to certain benefits and privileges which are not available to large scale units. Small scale units employ small number of workers and produce on a small scale.

Some small scale units produce parts or components for large scale units. They are known as ancillary units. Enterprises engaged in industry are called industrial enterprises whereas those engaged in commerce are known as commercial enterprises, On the other hand, large scale units have big investments, produce on a large scale and employ a large number of people.

A well known name automobile industry in India TATA motors chairman Ratan Tata said that they have good expectation in automobiles area in United Kingdom, in a likely recurrence of his significance in Land Rover and Jaguar. On the occasion of inauguration of Tata Corus plant at Netherlands.
While everyone expecting that he will not comment on the deal itself, “This process is on his path and it is practically private”. Tata motors have show interest in the ford’s Land Rover and Jaguar brands. According to expert opinion this deal will be worth more than USD 1.5 billion.
TATA motors great value in Indian automobile industry and now waving in wing by expanding and forwarding their steps toward global market. TATA earlier announced his 1 lakh car project in which they introducing a car worth Rs. 1 lakh. Let’s hope for the best as it will soon be on news.

The term ‘Business‘ refers to production, purchase, sale and exchange of goods and services on a regular basis with the aim of earning profits by satisfying human wants. It includes all industrial a commercial activities such as mining, manufacturing, trading, transportation, warehousing, banking, insurance and others. Business is an economic activity and it may be carried out either on a large scale or on a small scale. All the activities concerned with the production and sale of goods and services wherein profit is the main object and loss of money is the main risk may be called business.