National Income (Y) is an the total level of activity of given economy in a particular period. In other words national income measures the total level …
Outsourcing refers to contracting non core activities of on organization to a third party while keep focused on core activities of the business. In other words …
Most of the ordinary people would say businesses’ main aim is to make profit. True enough, but this may not be the case; profit is not the main priority …
The operations management is the process of managing activities that produces goods and services in order to create value to the customer. With recent …
An economy owns factors of production which are used in production process. Factors of production are also known as inputs of the production process. Level of …
Barter economy is where goods are exchanged for goods rather than using money to perform transactions. Barter economy existed in the past where there were no …
Goods and services aims at fulfilling customer needs. Examples of goods are books, foods, clothes and so on. Examples for services would be hair dressing, …
Present Value of an ordinary annuity (Monthly/Annual investments are made to recover a large some of money at the end of n number of periods) can be found …
Needs are basic physical and mental conditions of a human that need to be satisfied using a product or a services. In other hand wants can be defined as ways …
Consumer buying behavior is about the study of customers who purchase goods and services for the final consumption. The buying behavior of a consumer can be …