According to Miller, “Firm is an organisation that buys and hires resources and sells goods and servicesâ€. Lipsey has defined as “firm is the unit that employs factors of production to produce commodities that it sells to other firms, to households, or to the government.â€
Posted Date:- 2022-07-09 04:09:02
A demand forecast is the prediction of what will happen to your company's existing product sales. It would be best to determine the demand forecast using a multi-functional approach. The inputs from sales and marketing, finance, and production should be considered. The final demand forecast is the consensus of all participating managers. You may also want to put up a Sales and Operations Planning group composed of representatives from the different departments that will be tasked to prepare the demand forecast.
Posted Date:- 2022-07-09 04:08:20
Perfect competition is basically an economic model that helps to describe a hypothetical market form. In this form the producer or the consumer does have any kind of market authority in order to make changes in prices.
Posted Date:- 2022-07-09 04:07:34
law of demand basically says when the price of a certain product goes up,quantity demanded of that product goes down. when price goes down, quantity demanded goes up.
Posted Date:- 2022-07-09 04:06:39
The study of economics is divided into two parts.
<> Micro Economics
<> Macro Economics
Posted Date:- 2022-07-09 04:06:01
The basic/fundamental economic concepts are:
<> Incremental concept
<> Discounting concept
<> Time perspective
<> Opportunity cost
<> Equimarginal concept.
Posted Date:- 2022-07-09 04:05:21
Study of economic theories, logic and methodology for solving the practical problems of business. It is used to analyze business problems for rational business decisions. It is also called as Business Economics or Economics for firms.
Posted Date:- 2022-07-09 04:03:45
In October and April
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Vermiculture
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Silviculture
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Increasing Fish Cultivation
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Increase of Milk production
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Green Revolution
Posted Date:- 2022-07-08 10:17:51
Dumping
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Because, most of the rich countries are in the northern hemisphere and poor countries in the southern hemisphere of the globe.
Posted Date:- 2022-07-08 10:14:51
Brain drain
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Black Money
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Barter
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Cotton textile Industry
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Industrial Development Bank of India
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National Bank of Agricultural and Rural Development
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1993
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Six banks
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Smt. Indira Gandhi
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July 19, 1969.
Posted Date:- 2022-07-08 10:05:35
Under zone pricing, the seller divides the country into zones and regions and charges the same delivered price within each zone but different prices between different zones.
Posted Date:- 2022-07-08 10:05:12
The State Bank of India
Posted Date:- 2022-07-08 10:04:47
The State Bank of India
Posted Date:- 2022-07-08 10:04:30