There are 04 types of costing methods that can be identified namely Job Costing Batch Costing Contract Costing Process Costing These types of costing methods …
Buzz marketing involves creating a trend among people through word of mouth to generate sales for a product. In other words, markets create a …
As the name Multi National Companies (MNC) implies MNC is a firm that has a worldwide approach to production and its market or a firm which has its operations …
As discussed earlier viral marketing is a form of word of mouth marketing which is carried out using online means. (Click here for the Introduction to …
Viral marketing is a form of word of mouth marketing where it uses the online means to promote a product. In other words, viral marketing uses internet to …
When the firm produces in large scale it will experience benefits of mass scale production and as a result average cost per unit will reduce up to a certain …
With the expansion of technology the World Wide Web has inevitably become not only a global source of information, but is also a place for commerce, a market …
Insurance is known as a risk transference strategy where a firm/person transfers a risk of significant potential loss to another party by paying a premium in …
Cost based pricing can be done using 02 methods: Mark up method Margin method Difference between these 02 methods can be illustrated as follows Mark Up Method …
In developed economies, most workers specialize in performing particular tasks in production of a good or service. Very few workers make a complete product. …