Consolidation Process

Consolidation Process refers to a combination of economic activities involving production or purchase or sale of goods and services. The objective of these activities is to earn profit through the satisfaction of consumer needs. Business is a quite wide term. It encompasses small-size business like shoe-repair shop; medium-size business like automobile-repair shop, cloth-merchant, medicine shop or relatively large business like automobile factory, LIC, etc. It is important to note that business activity involve boths production and service sectors. The service sectors are: banking, insurance, transportation, etc.