Define commencement of business in business studies
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☆ CERTIFICATE OF COMMENCEMENTOF BUSINESS CERTIFICATE OF COMMENCEMENT OF BUSINESS Certificate of Commencement of Business is covered under the Companies Act, 2013. Certificate of Commencement of Business (COB) refers to a document required under the company act before a business can initiate its operations.
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☆ CERTIFICATE OF COMMENCEMENTOF BUSINESS CERTIFICATE OF COMMENCEMENT OF BUSINESS Certificate of Commencement of Business is covered under the Companies Act, 2013. Certificate of Commencement of Business (COB) refers to a document required under the company act before a business can initiate its operations.
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Commencement of business - It is the very starting stage of any firm or business from where their official operational working start in the economy in regards to rendering goods and services lieu of earning money.
Commencement of business utilities "4M"
Man, Machinery, Money, and Material.
These are the basic needs of a business to establish their feet in any economy. This stage's main motive is to create awareness and seeking customer attention and trust in the brand to keep them United with the products and services rendered by the business.
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