Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
State the price determination under the market condition
The price determination under the following market condition is as follows:
1) Pure competition: in this situation there is no control over the selling prices. The pricing policy in this case is generally to recover the marginal cost and above it the contribution as much as it may be possible to recover.
2) Monopoly: the seller's price prevails. If the margin of profit is inordinately high the demand of customer for the product falls down and at low price the demand goes high. Therefore the best thing in this situation is to maximize the profit by eruptional cost with marginal revenue.
3) Monopolistic competition: where monopolists start earning huge profits competitors start creeping into line with substitutes introduced are generally low priced. To maintain marketability of the product cost reduction and quality improvement programmer are undertaken and efforts are made to sell the product at reduced price or the improved product at the same original price.
4) Oligopoly: where a few large sellers control the major part of the market the situation is termed oligopoly. In this case the small sellers behave in the manner as the oligopolies do. If the large sellers increase or reduce the price small ones also increase or reduce their price to that extent otherwise there is risk of sales being curtailed in case price is increased by the individual seller.
Improvement in product design may result in cost reduction illustrated below: 1) Material cost : change in design of the product may result in saving in material cost. Economi
What is the objective of performance budgeting The objectives of performance budgets is to provide a closer linkage between planning and action and also to provide a common bas
After going through this section, you must be capable to: Know the need for establishing sound credit policy; Identify the different credit policy variables; Know the cred
Under this method, approximation is made of payments and cash receipts in the ensuring period. The dissimilarity of these payments and receipts indicates deficiency or surplus of c
This is a most familiar form of medium term financing in obtaining plant and vehicles, machinery etc. In hire purchase transactions, the purchaser of goods will obtain the possessi
Dynamic programming It is an extension which finds solutions to problems involving a number of decisions which have to be made sequentially. For example, the amount of a produc
Time sheets are collected in a batch, and the information is manually keyed into the system. This data is now stored on a magnetic disk. An editing program is run, which verifies w
QUESTION: PART A One of the divisions within Acme Manufacturing company is presently negotiating with another supplier regarding outsourcing component A that it manufac
The CP introduced in the Indian financial market, for the recommendations of the Vaghul Committee has turn into a well-liked debt instrument of the corporate world. Commercial Pape
Engineering method These methods are based on the use of engineering analysis of technological relationship between inputs and outputs e.g. method studies and time and motion s
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd