Inventory management Inventory management is the management of inventory and stock. As an element of supply chain management, inventory management includes aspects such as controlling and overseeing ordering inventory, storage of inventory, and controlling the amount of product for sale. Inventory management is all a... read more

Inventory “Inventory is an accounting term that refers to goods that are in various stages of being made ready for sale” Inventory includes goods prepared for sale as well as any physical resources used in the production of the finished products. Inventory must be reported as a current asset or s... read more

Cross Elasticity of Demand Cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes. Also called cross price elasticity of demand, this measurement is calculated by taking the percentage change in the quantity deman... read more

Price Controls Some government intervenes in the market when it is observed that prices are either too low or too high for either customers or producers. These prices established by government are called Price controls. There are two types of price controls. Price Ceilings Price Floors Types o... read more

Determinants of Price Elasticity of Demand Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. More precisely, it gives the percentage change in ... read more

Price Elasticity of Demand Law of demand tells us that people buy more of the product as its price fall and lesser amount of a product if its prices raises but how much more or less they will buy that amount varies from product to product and for the same product over different price stage price elasticity of demand ... read more

Supply and Demand Market Market is an institute/mechanism where buyers and sellers of products, services or resources meet. Market exists in many forms. Markets are local, national, or international. Some markets are public while some are private. Demand Demand is a schedule or curve showing amounts of pr... read more

What is Marketing Marketing is the combination of 2 basic economic functions, one is production and other is consumption. Meeting needs profitably. Satisfying customer needs and wants. The process by which companies create value for customers and build strong customer relationships in order to c... read more

Black-Scholes Model The Black-Scholes formula also known as Black-Scholes-Merton was the very first extensively defined model for option pricing. It's used to find the hypothetical value of European-style options by means of current stock prices, predictable dividends, the option's strike price, predictable i... read more

Corporate Social Responsibility (CSR) is a professional method that pays to maintainable expansion by providing monetary, communal and environmental benefits for all the investors. In simple words corporate social responsibility is how corporations achieve their business procedures to create an overall positive impressio... read more

Critical Analysis of Green Bury Report This report was published in July 1995 under the chairmanship of Sir Richard Green bury and this report form many guidance associated with the Directors  Remuneration  and more specifically its disclosure in company annual reports. As a Consequence of this report certa... read more

Perfect Competition Perfect Competition is a situation or a market structure where there are large number of buyer and sellers and where the competition in the market is at its highest level or is at peak . Perfect Competition is a market situation in which there are large number of buyers and sellers busy in buy... read more

Perfect competition (also called pure competition) is a market configuration in which  large number of members sell and buy homogeneous products,  there are no hurdles to entry,  an individual firm has no control over the price, and  there is no non-price competition (for example public... read more

An indifference curve attaches points on a graph demonstrating different measures of two goods, points among which a customer is indifferent. That is, the customer has no preference for one mixture or package of goods over a different mixture on the similar curve. One can also mention to every po... read more

It is supposed that the very origins of writing itself may have established out of early marks used to keep account of goods at earliest warehouses more than 5,300 years ago. The view that pre-numerical counting systems pre-dated even written language, didn’t originate as a surprise to many archeologists and histor... read more

Goal setting Theory:  In 1960‘s, Edwin Locke put forward the Goal-setting theory of motivation. This theory states that goal setting is essentially linked to task performance. It states that specific and challenging goals along with appropriate feedback contribute to higher and better task performance. In simp... read more

The price elasticity of demand is not the similar for all commodities. It might be or low depending upon number of factor. These factors which effect price elasticity of demand, in short-term, are as below: Nature of Commodities: In developed countries of the world, the per capital income of the individuals is ge... read more

Nature and Scope of Marketing: Marketing is an ancient art & is everywhere. Formally or informally, people & organizations engage in a vast number of activities that could be called marketing. Good marketing has become an increasingly vital ingredient for business success. It is embedded in everything we... read more

Making a decision is a critical part of any business project. A business proprietor can make firm decisions and stand by them, only when he is aware of the backgrounds of his marketplace. Laterally with the internal factors about your business, you also need to have broad understanding about the external factors affectin... read more

Financial mediators perform a significant role in the development process, mainly through their role in allocating resources to their maximum productive uses. More efficient financial markets aid economic agents trade, hedge, pool risk, raising investment and economic growth. Financial institutions provide consumers and ... read more