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Describe the Managerial functions
A manager has to take numerous decisions that conform to the objectives of the firm. Several business decisions fall prey to conditions of risk and uncertainty. Risk and uncertainty arise chiefly because of volatile market forces, changing business environment, government policy, emerging competitors with highly competitive products,external influences on domestic market and political and social changes in the country. The intricacy of modern business world weaves complexity in to decision making process of a business. Though the degree of risk and uncertainty can be greatly condensed if market conditions are computed with a high degree of reliability. Envisaging a business environment in the future doesn't suffice. Appropriate business decisions and formulation of a business strategy in conformity with the objectives of the firm hold similar significance.
Marginal Revenue Marginal revenue is the additional revenue an organization receives resulting from the sale of one more item of output. Marginal revenue is calculated by takin
introduction, evaluation,principle, activities concept behind Gatt & wto
Factors affecting the long run trend of the Terms of Trade for developing countries Most Third World countries have been faced by a fall in their terms of trade over the long
PROGRESSIVE TAX A progressive income tax system is one where the higher the income, the greater the proportion paid in taxes. This is effected by dividing the taxpayers' inco
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Q. Can you explain about Demand Forecasting? Demand forecasting involves forecasting and estimating the quantity of a service or product that consumers will buy in future. It a
Market Structures This refers to the nature and degree of competition within a particular market. Capitalist economies are characterised by a large range of different market
Broader the range of other uses of a commodity, higher the price elasticity of its demand intended for the fall in price though less elastic for the increase in price. As price of
How will you influence people to strive willingly for group objective in your organization (target based industry)? Apply your interpersonal influence through communication process
Demerits of direct taxes a. Heavy direct taxation, especially when closely linked to current earnings, can act as a serious check to productivity by encouraging absenteeism
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