Parenting and Law
MEANING OF GST The goods and services tax (GST) is a value -added tax (VAT) paid by consumers and passed to the government by the seller. It is imposed on goods and services that are sold for domestic consumption. GST is an indirect tax that is applicable all over India. It was passed in the... Continue Reading →
MEANING OF INTELLECTUAL PROPERTY Intellectual property rights are an exclusive right given to the creator over the use of his/her creation. Intellectual property rights are associated with intangible assets owned by a person or company and protected against use without consent. Intellectual property can consist of Patents, Industrial design, Logos, Trademarks, Business or trade names,... Continue Reading →
MEANING OF MEDIA LAWS AND ETHICS MEDIA LAW Media law is the body of law that regulates the production and use of media and keeps a check on what can be published and broadcasted. Media law is applied to variety of media types, including broadcast television, internet, print media, film, music, advertising etc. MEDIA ETHICS... Continue Reading →
MEANING OF LEGAL METROLOGY Legal Metrology deals with units and methods of measurement and weighment in relation to the mandatory technical and legal requirements. The application of legal requirements to measurements and measuring instruments is Legal Metrology. Legal Metrology protects and ensures public safety, the environment, security and accuracy of the weights and measurements and... Continue Reading →
MEANING OF WHOLESALE AND RETAIL PRICE WHOLESALE PRICE The price charged by the manufacturer or the business owner from the retailer who buy products in bulk. The goal of wholesale pricing is to earn profit by selling the goods in bulk at a price higher than the making cost. RETAIL PRICE The last price that... Continue Reading →
MEANING The consumer buying process or consumer decision making process is the process by which consumers evaluate and identify their needs; analyse to solve these needs and collect information; evaluate alternatives available options and make a purchasing decision and lastly evaluate their purchasing decision post purchase. For example: when we are buying a car, we... Continue Reading →
MEANING OF MAXIMUM RETAIL PRICE Maximum Retail Price (MRP) is the highest possible price fixed by the manufacturer that can be charged for a product from a customer. Retailers may choose to sell products at the MRP or for less than the MRP. Under the Consumer Goods (mandatory printing of cost of production and maximum... Continue Reading →
INTRODUCTION MEANING OF E-COMMERCE Buying and selling of goods and services or transferring of data or funds over an electronic network, through internet or online is e-commerce or electronic commerce. E commerce involves money, funds and data transactions. TYPES OF E-COMMERCE B TO B B2b transaction is conducted between two companies, such as wholesalers and... Continue Reading →
INTRODUCTION MEANING Consumer is an individual or group of people who purchase or use goods and services for personal use. They are the end-users or final users of a purchased product or service in the sales distribution chain. For example: When we pay a hairdresser to cut and style our hairWhen we purchase a flight... Continue Reading →
INTRODUCTION PACKAGING MEANING Packaging is the process of designing and developing a suitable package for enclosing and holding the product to cover and secure the product. The focus of packaging is on the appearance, presentation and first impression of the product. Packaging may be in the form of a container, wrapper, box, tube, plastic bottle,... Continue Reading →
Aishwarya Sandeep 