Topics in Business StudiesAdvertising and Types of Advertising Land Mode of Transportation, its Advantages and Disadvantages Water and Air modes of transportation, its Advantages and Disadvantages Consumer Protection - Agencies of Consumer Protection Consumer Right and Protection Methods of Payment: Credit Cards, Debit Cards, Travellers Cheque, Bank Drafts - Advantages and Disadvantages Methods of Payment: Bank Notes, Coins, Cheques, Types, Advantages and Disadvantages of Cheques Meaning, Scope and Importance of Business Studies Meaning, Types, Advantages and Disadvantages of Business Structures Clerical Staff: Grades, Qualities and Functions of a Clerical Staff Characteristics, Examples, Advantages, Disadvantages and Principles of Double Entry Money, Disadvantages of Money Meaning, Importance, Characteristics and Elements of Business and Management Studies
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 _____.
Whenever you exchange something of yours for another thing or money, then that's business.
Business is simply defined as an economic activity
Business can also be defined as a process of exchanging goods and services between the buyers and sellers for the purpose of making profit.
Goods and services are exchanged in business (usually for money) from one party to another.
In business, profit goes beyond money. It also includes other items or goods and services exchanged in the place of money.
A good business structure is highly dependent on how it is managed. The leaders in any organization or institution play an integral part in management.
Below are some definitions of the term Management.
According to Harold Koontz
Management is an art of getting things done through and with the people in formally organized groups.
It is an art of creating an environment in which individuals and people can perform with co-operation towards attainment of group goals.
According to F.W. Taylor
Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way.
For me, I will simply define Management to be the process of doing things and achieving goals with the input of other people.
Good management is a critical factor required for the development of a country or state.
If developing countries can be properly managed, businesses and other economic activities will thrive.
A good management will include the elements of management.
Elements of Management are those necessities required to achieve the stipulated managerial goals. They include:
what should be done?
How should it be done?
When should it be done?
where should it be done?
Directly to them
Through Electronic Mails (E-mail)
Use of Social Media
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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