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                                                             Promotion Promotion stage includes all the steps right from conception of idea to starting the company, till it is formed. It is the process of planning and organising all the resources required to form a company. Promotion involves the discovery of business idea, its investigation and assembling, necessary resources to set up the business. The person who performs all the activities during the promotion stage is known as promoter. The promoter conceives the business idea and takes all initiatives to form a company. The promoter can be an individual, a group of persons or an institution. The promoter performs the followi...

A cooperative form of business is a different form of business enterprise. It this form the main motive is not earning profit but the main motive of co-operative organisation is mutual help. It works with the principle of each for all and all for each. The cooperative society or organisation is a voluntary association of persons who join together for mutual help. A minimum of 10 persons are required to form a co-operative society. The registration of co-operative society is compulsory and the capital of cooperative organisation is contributed by the members only in the form of share capital. The cooperative organisation can raise loan also from the banks. Features of co-operative organisation The common features of cooperative societies are given below: Ø   Voluntary association The cooperative society is a voluntary association of persons. Any person can join the cooperative society if he/she has common interest. For example, any farmer can join the agricultural s...