In a perfectly competitive market with a fixed number of firms, the firms are operating in the short run and the equilibrium price is determined... View Article
It can be said that there is an excess supply of a commodity in the market when the supply of a commodity exceeds the demand for that commodity... View Article
A) Cost of goods sold + Opening stock B) Sales – cost of goods sold C) Sales – Purchases D) Net profit – expenses Answer: B) Sales – cost of... View Article
Indirect tax is referred to as a kind of tax in which the burden of the tax can be transferred to another person. Indirect taxes are levied on... View Article
Businesses must not only be thinking of profit maximisation but also ways to provide importance to customer protection and their satisfaction.... View Article
Debt and equity are the two major sources of capital for the business. But, these two are different from each other. Both have their set of... View Article
Planning is a management function that is required in every area of management. It is not restricted to only the top management, it is required... View Article
An example of equity investment is investing in the shares of a publicly-traded company. Also read: Difference Between Savings and Investment... View Article
IMF stands for International Monetary Fund, it is an international organisation that works towards improving monetary cooperation, promoting... View Article
Cash is regarded as a current asset for the business, since it is highly liquid in nature. It can be used for purchasing other assets required... View Article
Debt is regarded as a liability that a business accumulates during the course of running its operations. Also read: What Are Current Assets... View Article
(a) Insufficient information (b) True (c) Can’t say (d) False Answer: d. False Public expenditure can be planned expenditure also, such... View Article
(a) High melting point, high specific resistance(b) High melting point, low specific resistance(c) Low melting point, low specific resistance(d)... View Article