Sales & Marketing - The Difference

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The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.

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Presentation of Marketing Differences Between Selling Concept and Marketing Concept Selling Concept If customers are left to themselves, they will not make the effort to buy a company’s product. Mere sales oriented regardless of consumer want, need and value, Primary agenda is to earn profit through larger sales volume. Factory or Product is the initiative point of Selling Concept. Selling of product through persuasion or different means of selling though the product have detrimental effect, It focuses on short term as intensive focus on pushing product to the market and clearing the market as soon as possible. Marketing Concept Marketing concept is the management process of identifying the need of target customer , and delivering product, Customer oriented and fosters on customer value, Primary agenda is to earn profit through Customer Satisfaction The loyalty of consumer is the ultimate source of profit (focus on creating hard-core loyal customer such as Apple Inc.) Identification of need of Target market is the initial phase, Creates wants satisfying goods and services which the consumers will want to buy. What is offered for sale is determined not by the seller but by the buyers. Product is the resultant of market research Differences Between Selling Concept Process of selling starts with the creation of product, and pushing it to market through aggressive selling. Marketing Concept Process of marketing starts with the identification of customer need, creation of product based on market research, and delivering product in such as way that satisfies consumer need ...............

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www.seribangash.com A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA: Contents of Memorandum of Association: Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company. https://seribangash.com/article-of-association-is-legal-doc-of-company/ Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent. Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause. www.seribangash.com Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up. https://seribangash.com/promotors-is-person-conceived-formation-company/ Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value. Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA. Importance of Memorandum of Association: Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process. Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations. Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability. External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers. https://seribangash.com/difference-public-and-private-company-law/ Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void. Amendment of MOA: While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder

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