Online Commerce Pathshala

 What Is Staffing? Meaning, Importance, Process Staffing is the managerial function that consists of planning, recruitment, selection, training, and development of employees within an organization. It means basically identifying the requirement of human resources for performing various tasks in any organization.  This includes attracting suitable candidates and ensuring they are placed in roles wherein they would prove most effective. It is a principal or primary function of management, which ensures that proper people with proper skills are available at proper places and proper time. Key elements of the process of staffing would include:   Workforce Planning: Determination of the size and type of workforce an organization should possess to achieve the organizational goals. Recruitment: The process of attracting candidates with the required qualification to apply for jobs Selection: The process of generating applicants for available positions in an organization, then e...

 EXPLANATION OF PLANNING AND ITS FEATURES Planning, therefore, is the process of pre -deciding about what is to be done and how it can be organized and arriving at a decision on how best to do it so that certain goals or objectives can be achieved. It is the course of actions taken toward the future by considering alternatives and then making a determination on the best course of action to realize the desired end result. Basically, it involves designing a roadmap that can act to manage and direct actions and decisions toward success. Planning is a crucial process in both personal and professional contexts, involving the formulation of a detailed strategy or plan to achieve specific goals or objectives. Here’s an overview of the key aspects of planning:   Definition Planning is the process of thinking about the activities required to achieve a desired goal. It involves the identification of resources, setting objectives, and determining the steps necessary to reach those objec...

 CONSUMER PROTECTION ACT 1986 The Consumer Protection Act of 1986 is a significant piece of legislation in India that was enacted to safeguard the rights and interests of consumers. It provides a framework for addressing consumer grievances and ensuring that businesses do not exploit consumers. Here's an in-depth look at the Act: consumer protection 1. Objectives of the Consumer Protection Act, 1986 The primary objectives of the Consumer Protection Act, 1986, are: Protection of Consumers: To protect consumers from unfair trade practices, defective goods, and deficient services. Consumer Rights: To promote and protect the rights of consumers, including the right to be informed, the right to choose, and the right to be heard. Consumer Grievance Redressal: To provide a simple, speedy, and inexpensive mechanism for consumers to address their grievances and seek redressal. 2. Key Definitions Consumer: Any person who buys goods or hires services for a consideration, which has been pai...

 RIGHTS OF CONSUMERS 1. Right to Safety This right assures consumers that they should be protected against the marketing of products and services that are hazardous to life and property. It is applicable, among other things, to goods like electrical appliances, pharmacological items, foodstuff, and automobiles. Corollary: Manufacturers and providers of service must observe safety standards that are laid down by national or other established international regulatory bodies. Liability: The producer or service provider is liable in case of an unsafe product. Example: A consumer who buys a children's toy coated with harmful chemicals reserves the right to demand a withdrawal of the same from the market and compensation in case of injury caused. 2. Right to Be Informed The consumer has the right to be informed under conditions that will give the facts needed by a consumer to make a choice and decision. This relates to certain things about the product or service: What the product is: ...

 CONSUMER PROTECTION Meaning of Consumer Protection Consumer protection entails measures and legislations that safeguard the rights and interests of consumers against business malpractices. It ensures that goods are safe, properly represented, and sold at fair prices. Consumer protection created mechanisms for the addressing of complaints and dispute resolution through such remedies as refunding, repair, or compensation in case the consumers are wronged.  Consumer protection accomplishes this by enhancing trust in the marketplace through the promotion of transparency and accountability. This, in turn, ensures that businesses are conducted in a very fair and honest competition, which benefits both consumers and businesses. Need for Consumer Protection  Consumer protection is institutions, regulations, and practices that safeguard the interests of consumers. It ensures that customers are not taken advantage of or mistreated in business transactions, allowing them to have fa...

 BANKING SERVICES Meaning of  Bank The word "bank" has several facets and gradations of meaning that come into play depending on how it is used. Detailed explanation, pertaining to its different uses, is as follows: Bank as a Financial Institution: The most obvious use of the term "bank" refers to a financial institution holding a license to receive deposits, make loans, and perform other financial activities. Banks are an integral part of the economy, as they protect money and offer accounts for saving and checking, extend credit, and transfer funds. Banks may be divided into various classes, including commercial banks, investment banks, central banks, and retail banks. Banks generate revenue through charging an interest rate on loans, gathering fees, and investing. Types of Banks in India India's banking system is quite diverse and comprises various types of banks, each offering different types of functions and catering to the needs of various sections of the...