How is Company Formed and promoted?
Read the information below -
A company is formed on base of idea.
Then its planning and execution.
For formation a company, you must have a vision to work on a particular idea in long term.
It is formed by a person, grown by a group and run by hundreds of people.
PROMOTION
When a company gets formed, it's need income to grow in positive manner.
This economy can be gained only by letting a larger group of people know thier products and services.
This leds to promoting.
Promoting means marketing either on small or large scale to let a huge group of people know your products and company.
Hi
It is the first stage in the formation of a company. It begins with a person or a group of persons having thought of or conceived a possible future business opportunity and then taking an initiative to give it a practical shape by way of forming a company. Such a person or a group of persons who proceed to form a company are known as promoters of the company.
Promoters not only conceive a business opportunity but also analyze its prospects and bring together the men, materials, machinery, managerial abilities and financial resources that are necessary for the formation and existence of the company.
Hope it helps