Category: Business Studies

Meaning Of Online Retailing Online retailing is an electronic form of shopping goods from online stores where buyers and

Meaning Economics deals with how goods are produced, circulated, consumed, and disposed of in the economy. Natural resources

Meaning Strategies designed by a company for pricing its products and services are called Price Policies. Every company

Meaning of Diminishing Marginal Utility The human intensity of want for any commodity tends to decrease as more

Meaning The term Surplus refers to additional or extra. Before making any buying decision, a consumer assumes the

Meaning A capitalist economy is an economic system and mode of production in which the means of production

Meaning of Reference Price A reference price is a price at which the producer “intends” to sell products

Meaning The velocity of money refers to the rate at which money is transacted within the economy for

Meaning of Intermediate Goods Intermediate goods are goods used as input to create the final products sold to

Meaning of Departmentation Departmentation is the process of dividing the whole organization into different groups and segregating people