What are Centralized & Decentralized Purchases? Centralized Purchase refers to purchasing of all the requirements under the central point of the organization. Like wise, Decentralized Purchase refers to
What is Production Planning & Control (PPC)? Production planning and control is a predetermined process which includes the use of human resource, raw materials, machines etc. PPC is
Direct Sales Marketing Promotion Methods In retail marketing, products are also sold directly either by the producer or retailer. These retailers follow different direct sales marketing promotion methods
Introduction The Reserve Bank of India (RBI) is the apex financial institution of the country’s financial system. It is entrusted with the task of control, supervision, promotion, development
3 Important factors determining National Income There are a number of influences which determine the size of the national income in a country. It is on account of
Features of Perfect Competition in Economics In Economics, the following are the most important features of a Perfect Competition. Large number of buyers and Sellers. Homogeneous Product. Free
Study of Economics – Importance and Significance No subject of the present day is so important as economics. Economics governs the life of the individual, Society and the
Divisions of Economics Based on the subject-matter, Economics can be divided into Consumption, Production, Exchange, Distribution and Public Finance. They are briefly explained below. 1. Consumption Since the
Differences between Goods and Services Important differences between Goods and Services in demand fluctuation, Sale through sample, Measurement of Service Quality and Establishment of Large Market Share are