Are you new to the marketing and business sector? Are you in need of some help? Let us help you understand terminologies and business processes one by one. In the field of business and marketing, the phrase ‘winding up’ refers to the process wherein all the assets of the company are released or given away for money to pay off existing liabilities and the remaining staff. After this process, the whole organisation or firm goes down and eventually puts an end to the life of the company. The term ‘liquidation’ refers to only a part of the entire process. In the entire process, the organisation or firm slowly dies out. Liquidation might also refer to the process in some cases as well. Since you have now got an idea of what you are getting into, let’s watch the PPT.

Vidya V

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