Define communication.

The communication has been derived from the Latin word communis which means commonness. Communication is the process of passing information and understanding from one person to another to bring about commonness of interest, purpose and efforts.

Tips: -

 (Imp)
245 Views

What do you mean by Marine Insurance ?

Under a contract of marine insurance, the insurer undertakes to indemnity the insured in the manner and to the extent thereby agreed, against. Marine insurance is an agreement by which the insurer undertakes to compensate the owner of a ship or cargo for complete or partial loss at sea.

Tips: -

(Imp)
533 Views

Advertisement

What do you mean by Fire Insurance ?


Fire insurance is a contract whereby the insurer, in consideration of the premium paid, undertakes to make goods any loss or damage caused by fire during a specified period.
Normally, the fire insurance policy is for a period of one year after which is to be renewed from time to time.

Tips: -

Imp.
561 Views

Advertisement
What do you mean by the term transportation ?

Transportation comprises freight services together with supporting and auxiliary services by all modes of transportation i.e. rail, road, air and sea for the movement of goods and international carriages of passengers.

Tips: -

(Imp.)
129 Views

What do you mean by the term warehousing ?

It means storing of goods, meant for sale in systematic and orderly manner. A warehouse is a place used for storage or preservation of goods in a proper condition from the time they produced up to the time of its consumption by the consumer.

Tips: -

 (Imp)
121 Views

Advertisement