What are the elements of the product mix?
The product mix is the assortment of products an organization delivers or offers to the commercial center. The product mix... View Article
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What is a product mix example?
A well-known and exemplary illustration of Product Mix is of the brand Pepsi Co. that owns, among many other lines... View Article
What is the best method of payment?
Debit cards use reserves from your financial bank account. Dissimilar to visas, debit cards permit you to utilise plastic cards,... View Article
The foreign exchange rate of a country is the
(A) price of a foreign good in terms of the domestic good (B) price of a foreign factor in terms... View Article
What are digital transactions?
Digital transactions are characterized as exchanges in which the client approves the exchange of cash through electronic means and the... View Article
What is LPG?
LPG cites Liberalization, Privatization, and Globalization. At the point when India under its new economic policy moved toward the international... View Article
What do you mean by the LPG growth model?
The growth model of LPG after India’s freedom and its dependence on five-year plans were diminished. The Indian government formed... View Article
Who introduced the LPG policy?
LPG was introduced under the government of Chandra Shekhar Singh reforms in the 1980s. The main objective of this reform... View Article
What are the positive impacts of LPG policies?
The positive impacts of LPG policies are: Motivating industrial production. The gross domestic profit growth rate can be increased. Safety... View Article
What are the demerits of LPG policies?
The demerits of LPG policies are: Import of Technology, know-how, key components. Unhealthy multinational companies’ strategy to enter the emerging... View Article
What is the impact of the LPG policy on the government?
The impact of LPG policies on the government are: It increases the per capita income due to increased job creation.... View Article
When was the LPG policy implemented?
India’s New Economic Policy was formed on July 24, 1991, known as the LPG or Liberalization, Privatization, and Globalization model.... View Article
What are the LPG policies?
LPG policies are new economic policies reformed by the government to open up trade with foreign nations and to build... View Article
Where does petty cash come from?
The term ‘petty cash’ is taken from the word ‘petty’ signifying ‘minor’; ‘little’; ‘of optional significance’. ‘Petty cash’ is a... View Article
How is petty cash an asset?
Petty cash concerns with spending of cash that an organization has promptly accessible. Petty cash is to be considered as... View Article
What is the difference between cash in hand and petty cash?
Petty cash is the money that is available for making small purchases and payments such as stationary, postal expenses, courier... View Article
What account is petty cash under?
Petty cash falls under the head of current assets in the balance sheet. This is on the grounds the assets... View Article
What is a petty cash float?
Payments are for the most part dealt with by petty cash, under an imprest framework whereby a measure of ‘float’... View Article
What is petty cash reconciliation?
Petty cash reconciliation is the most common way of confirming exchanges including petty cash reserves. Its purpose is to guarantee... View Article
How often is petty cash replenished?
Petty cash reserve ought to be little enough so it doesn’t superfluously tie-up organization resources or become an objective for... View Article
