Topics in Business StudiesFranchise Business Structure: Types, Advantages and Disadvantages What is Corporation? Types, Advantages and Disadvantages of Corporations What is Limited Liability Company? Its Advantages and Disadvantages Partnership in Business: Types, Advantages and Disadvantages Business Studies: What is Business Studies and Business? Management: Elements of Management What is Management? Importance of Management Advantages and Disadvantages of Air Transport Advantages and Disadvantages of Rail Transport Methods of Payment: Cheque - What is a Cheque? Cheque: Types of Cheque Cheque: Characteristics of Cheque Advantages and Disadvantages of Cheque Advertising and Types of Advertising Advantages and Disadvantages of Road Transport Advantages and Disadvantages of Water Transport Consumer Protection - Agencies of Consumer Protection Consumer Right and Protection Methods of Payment: Credit Cards and Debit Cards Methods of Payment: Bank Notes and Coins | Characteristics of Legal Tender
Academic Questions in Business Studies
Which of the following is not a Right of Consumer Protection?
Which of the following is NOT a government agency of consumer protection?
Define Consumer Protection.
In buying and selling, the retailer will usually operate from the stall while the wholesaler operates from the _____.
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Scopes of business studies is the same as branches or divisions of business studies.
Students willing to study the academic fields of accounting or banking will need to understand the concept of business studies since both academic fields evolve or emanate from business studies; (that is; they are scopes of business studies).
Below are some of the Scopes or Branches or Divisions of business studies:
Please read more on Marketing here.
Human Resources Management
Please read on the Elements of Management here.
Banking and Finance
Business Administration and Management
Please read on Conflict Management in any Organization here.
Please read how to start a Home based Fish Farming Business here.
Search Engine Optimization
Digital and Social Media Marketing
Foreign Exchange Trading
Please read on Balance of Trade and Balance of Payments here.
Business studies facilitate the exchange of goods and services.
Please read on the Functions and Characteristics of Commerce here.
Understanding how business work can earn you more money.
Please read on the Concept of Business Studies here.
It will aid students in choosing a career.
As a producer, it helps you to understand the market.
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A good knowledge of marketing makes one relevant in any institution.
It will assist you in making better buying decisions.
Please read on Scale of Preference and Opportunity Cost here.
Knowledge of business studies will assist you in making better investment decisions.
Please read on Business Structures here.
It will improve an individual’s calculation ability.
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Amazing facts in Business Studies
The world's 💰💰💰100 richest people 💰💰💰 earned enough money in 2012 to end global poverty four times over
NOTABLE POINTS IN Business Studies
Consumer protection refers to the ways or methods through which consumers enjoy maximum satisfaction from the goods they buy and services rendered to them.
The agencies of consumer protection assists in protecting the consumer rights. These agencies may also be referred to as the organs of consumer protection. Basically, we have three of them, they are:
One of the responsibilities of the government of every nation is to set up agencies or organizations that will protect the interest of the consumers and invariably, the people.
Below are some of the Government Agencies of consumer protection
- National Drug Law Enforcement Agency (NDLEA)
- National Agency for Food, Drug Administration and Control (NAFDAC)
- Consumer Protection Council (CPC)
- Rent Tribunal
- Ministry of Health
- Ministry of Commerce
- Ministry of Transportation
- Ministry of Environment
- National Wages and Salaries Commission