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Advantages And Disadvantages of Partnership

Various Advantages and Disadvantages of Partnership are discussed here. So let us check it out some of the advantages and disadvantages one by one.

Some Advantages of Partnership are:

  1. Partnership allows two  or more  people to come together and share their knowledge to administer or to run a mutual business together.
  2. More profit can be made with partnership.
  3. New and innovative ideas are shared during partnership to run business.
  4. Responsibilites of the business is shared between partners and hence quality work is achieved.
  5. Partnership is easy to establish.
  6. More an more employees are attracted if they are given incentives to join as a partner to grow business.
  7. Use of specialized skills of all the partners to grow business
  8. More capital is available to run a business.

Some Disadvantages of Partnership are:

  1. Sometimes disputes between partners is observed during sharing of ideas, thaughts or profits.
  2. All partners are equally responsible for the debts of the entire firm or the business.
  3. Some times  loss in business is observed if one the partner is retired, die or bankrupt.
  4. To run a business mutual understanding between partners is must.

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Process Validation Types Retrospective validation

Retrospective validation is the second type of process validation, some of the points regarding the retrospective validation are given below , so let us check it out one by one:

Retrospective validation is the documented evidence in which the process validation is carried out based on the historical data.

Validation of facilities, process, or processes are carried out based on the available historical data or reports.

This type of approach is rarely used today.

Medicinal Uses of Tulsi Plant in Points

Check out Medicinal Uses of Tulsi plant in Points which are discussed below. So let us find out some points on Medicinal uses to know more about Tulsi Plant.

Medicinal Uses of Tulsi Plant are :

Tulsi has ability to cure many types of fever because tulsi has very potent anti-bacterial, germicidal,antibiotic and fungicidal properties which are great for resolving fevers.

Tulsi plant is also helpful to enhance the immune power of the body.

Tulsi helps to maintain normal body temperature of the body.

Full Form of RTGS

RTGS Full Form - RTGS allows companies, individual or different firms to transfer amount from one account to another on the internet.

It is very fast method of transferring money from one account to another.

RTGS stands for Real Time Gross Settlement.

Full Form of DNB,MBBS

Diplomate of National Board  (DNB) is the title awarded by National board of examination.(Other full form and meaning of DNB are also available) So check it out other articles related to the given term.

MBBS ::Bachelor of Medicine, Bachelor of surgery (Degree awarded by medical school ).

PQ to SMF terms

The List of Abbreviations used in Pharmaceutical Industry

Check out more information of related terms

In Chapter number nine of the list of abbreviations used in pharmaceutical Industry you will get some of the other words used in pharma industry which are given below.

Full Form of NA

NA - Not Applicable

Other full form of NA are Nucleic Acid, North America,National Association and Sodium.

so let us find out other meaning of the given terms.

Check it out other similar terms on this site.