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Concepts of Revenue under Different Market Conditions
Total Revenue, Average Revenue, and Marginal Revenue behave differently in diverse situations.
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Concepts of Revenue
Total revenue may be defined as the amount of money that the firm receives from the sale of its total production output. It is the number of products manufactured multiplied by the rate of the product.
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Holy Spirit - the Helper and His Revelation, The Church
The angels have been assigned to you. They see the face of your father which is in heaven. That’s what Jesus said about children. You’re a child. He said don’t touch these children because their angels always see the face of their father in heaven.
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In What Ways Does the Enemy Try to Stop Us From Making History?
There is a point in the spirit where you’ve renewed your mind. You’ve built yourself up and you start to realize who you are in Christ. Then your calling and election are sure.
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How Do We Beat the Devils off Our Future?
You take the devil face to face. You don’t try to get around them. You don’t try to not have a confrontation. This is what I found out. Confrontation is going to happen anyway. The devil just needs to be treated rudely and roughly.
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What Are the Tools of a History Maker?
There are many tools available for a history maker. Praying in tongues, meditating on the word of God, having godly dreams, influencing other people by good works. Our tongues can speak to our future. You need to change your thought process and speaking habits to become a history maker.
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How Do We Stir up the Giftings and Callings Within Us?
Everybody has the opportunity to walk in health walk in prosperity to walk in deliverance to experience the true gospel. However, there are degrees of that participation. I found that people don’t stir up the gifts that are in them. They are not mindful of it. Dr. Kevin Zadai
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Mindset of a History Maker
In this article we are discussing questions like Can Small Acts Really Make A Difference In This Fallen World? How Do You Contend For And Pull In Your Destiny?
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Mindset Of a History Maker Parent
Dr. Kevin zadai is discussing what should be the mind set of a history maker and answering questions like As A Busy Parent How Can I Stay On Track And Make History? How do you change history if you have wasted most of your years? How Do I Change The Future Of My City?
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How Do I Deal With Hope Deferred and Staying on Course?
Answering questions like How do I deal with hope deferred and staying on course? What are the tools of a history maker? How to change history? How to be a history maker. Do you want to become a history maker?
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Encountering God’s Normal -Part 4
Peter says we’ve been given these promises that through these promises we can become partners with God. Partakers of his divine nature. That sounds sacrilegious to 80% of the churches. Why? Some people even made Jesus ahead of the church or being Peter the head of the church.
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Encountering God’s Normal Resist The Devil
The reason why we become ineffective is that we have become lukewarm. We don’t know it until we encounter the hot. There’s no respect for a loser. When the price is greater the reward is greater. The coal from the altar the holy fire that is God’s normal.
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Encountering God’s Normal -Part 2
God’s normal is his environment that is in heaven. Introduced his normal through Jesus to the World who went around doing good and healing all that were oppressed of the devil. You must be transformed by the renewing of your mind - Sermon Transcription of Dr. Kevin Zadai
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Encountering God’s Normal -Part 1
This is what Jesus did for three and a half years. He went around doing good, having compassion on people and healed everyone, and correcting what was wrong, destroying the works of the devil. This is what God’s Normal. This article’s about is encountering God’s normal
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Production Possibility Curve
The production possibility curve is a curve that depicts all possible combinations of two goods that an economy can produce with available technology and with full and efficient use of its given resources. Resources to satisfy human wants are not only limited but also have alternative uses.
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Basic Methods of Price Determination
Following points must be taken into consideration before fixing the price of a product. Costs Competition Demand Legal Considerations Elements of Marketing Mix etc. However, major determinants of price are - Costs, competition and demand. ...
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Factors affecting price determination
Following are the important factors that affect the price of a product or services: 1. Product Costs 2. Value of the product to the buyer 3. Legal Considerations 4. Competition 5. Other elements of marketing. Product Costs While...
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Objectives of Pricing and Profit Oriented Pricing
When the total market is growing and the competitor also may be growing at a fast rate, to check the growth of the competitor, companies keep a close watch on their market share. Pricing of the product will be adjusted so that the market share can be increased.
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Role and Importance of Pricing
Pricing is an important aspect of Marketing. So it needs to be done carefully. That is why organizations formulate pricing policies and strategies to fix the price of their products. Pricing affect the sales as well as the profit of the company. ...
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Book-keeping, Accounting and Accountancy
The term "Accountancy" represents a systematized knowledge of accounting. It is regarded as an academic subject like chemistry, economics, statistics, etc. It teaches how to do the accounting and why to do the accounting and other aspects of the art of accounting.
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Definition and Scope of Accounting
Different authorities defined the subject of ‘Accounting’ in different ways. So it is difficult to define the subject through a single definition. Let us look at some of the prominent definitions: American Accounting Association defined...
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Objectives and Basic Concepts of Accounting
In business, there are hundreds and thousands of transactions are taking place in a day. It becomes practically impossible to remember all those transactions. Unless you record them properly, it will be difficult for you to determine the source of income and expenditure.
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Basic Concepts of Macroeconomics
Economic territory is the geographical territory administered by a government within which persons, goods, and capital circulate freely. The basis for determining an economic territory depends on the freedom of circulation of goods, capital, and persons of that particular economy.
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Meaning and Functions of an Economy
As per Professor A G Brown, "Economy is a system by which people get their living." Just like a machine, made up different parts that perform specific functions, an economy is made up of a system which has different functions. Some people provide...
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The Meaning and Importance of Macroeconomics
Learn about how the theory of macroeconomics started, what it is, and why it's important.
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Types of Motivation
Motivation can be classified on the following basis. 1. Negative or positive motivation 2. Financial or Non-financial 3. Extrinsic and intrinsic
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What Is National Income in Economics?
National Income is the combined economic activity within the economic territory of a country by its residents during the year of accounting. Put differently, the National Income of a country is the Net National Product at factor cost.
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Concept of Intermediate Product and Final Product in economics
It is important for you to understand the meaning of the terms "intermediate products" and "final product". Intermediate products: Some of the final products of a production unit could be the raw materials for another production unit. For example,...
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What is Human Resource Planning
The primary objective of human resource planning is to determine the quality, the quantity of personnel needed, and determine the cost or prepare a budget for the continuous and smooth function of the organization.
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Staffing and Importance of the Staffing Function
One of the most important managerial function is staffing. Shaping the job position, determining the structure of activities and to find out the right type of individuals to fill in the various job positions are comes under the term staffing. Major...
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Perpetual Inventory system
Perpetual Inventory System is a method of recording stores balances after each receipt and issues in order to facilitate regular checking and avoid closing down of work for stock taking. Bin cards and the stores ledger help the management in...
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ABC Analysis - Technique of Inventory Control
The logic behind ABC Analysis is that the management should study each item of stock in terms of its usage, lead time, technical, or other problems, and its relative money value in the total investment in inventories.
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Material Control/Material Management
Material control or Material Management plays an important role in controlling the cost of production. Strict control over cost of material will increase profit as well as reduce the cost of production. Therefore, it is necessary to take steps to...
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Methods of Costing and Types of Costing
Learn about the various methods and types of costing.
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Meaning, Importance and Types of Consumer Behaviour
A market is designed for buying and selling of products and services. It is a human activity to satisfy the human needs and wants through the exchange process. This means the aim of marketing is to satisfy the potential needs and wants of products.
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Role, Duties and Responsibilities of an Officer Supervisor and Office Manager
The office manager normally is the head of the office and is in charge of the general administration of the office. The manager in addition to general administration also undertakes the work of the supervisor in small offices.
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What is Correspondence, Methods of Dictation
Correspondence covers many types of written communication like reports, circulaers, letters, memoranda, telegram, notes, facsimiles, cables, postcards, email etc. But the term is commonly used to mean communication through letters. Letters form...
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Basic Principles to Determine an Income.
The word income means a periodical monetary receipt coming in from some specific source with some sort of regularity. The source needs not remaining continuously productive one but must be one whose object represents the production of income.
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The Effects of Inflation
Inflation is not considered bad so long as it creates additional employment to the factors of production. It becomes bad the moment it goes out of control. Inflation may be compared to a robber. It deprives the victim of some possession with...
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What is inflation and Types of inflation, How does it affect our economy?
According to Pigou inflation takes place "when money income is expanding relatively to the output of work done by the productive agents for which it is the payment". At another place he says that "inflation exists when money income is expanding...
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Evils of Money
Invention of money has not proved to be an unmixed blessing as its use has become a source of so many evils too. If money is not used properly, it can create havoc and may prove to be disastrous for the mankind. Some of the evil effects of money are explained here.
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Evolution and Definitions of Money, What Is Money?
Money may be anything which is chosen by common consent as a medium of exchange or means of transferring purchasing power. It is widely accepted in payment for goods and services and in settlement of all transactions.
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Functions of Money
We can classify functions of money into three groups. They are: 1. Primary Function 2. Secondary Function and 3. Contingent Functions There are two primary function of Money they are: 1. Medium of exchange 2. Measure of value. Money as a...
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Classification of Overheads under production and distribution
Sky is the limit for others, but we start from the sky. According to the common characteristics we can classify or group the overheads. This grouping help the managers and other officers concerned to classify the Over heads. Major common...
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What Is Articles of Association of a Company
A company is an incorporated body. So there should be some rules and regulations are to be formed for the management of its internal affairs and conduct of its business as well as the relation between the members and the company.
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Scope of financial Administration
The government organization which deals with the following four aspects constitutes financial administration. They are: 1. The collection, preservation and distribution of public funds. 2. The coordination of public revenues and...
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Meaning and Definition of Financial Administration
The term Financial Administration consists of two words. 'Finance' and 'Administration'. The word 'administration' refers to the organization and management of collective human efforts in the pursuit of a conscious objective. The word 'finance' refers to the monetary resource.
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What Are the Qualities of a Good Salesperson
What are the qualities of a good salesperson. Different types of selling situations require different qualities in salespeople. However, some common qualities are required in all types of sales jobs, but the extent to which each quality is...
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What Are the Difference Between Shares and Debentures
Shares are uniform parts of the share capital. Debentures are a uniform part of the loan capital of a company. Rights, privileges, and the liabilities accompanying these instruments are different from one another.
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Material Control
Material control may be defined as the regulation of the functions of an organization relating to procurement, storage and usage of materials in such a way as to maintain an even flow of production without excessive investment in material stock. ...
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Definition of Costing and Cost Accounting, Benefits of Cost Accounting
The term "Costing" and "Cost Accounting" are used interchangeably. However, Costing refers to the technique and process of ascertaining costs. There are specified rules and principles used to determine the cost of products and services.
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How to Improve Your Writing Career
Writing become a part of my life after I started to write. First I wrote my thoughts. To share it with those who want to read. Then I wrote to gain some knowledge. Then I wrote to gain some money. Some times I write to kill time.
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Limitations and Techniques of Cost Accounting Management
Cost Accounting is not an exact science like other branches of accounting but is an art which has developed through theories and accounting practices based on common sense and reasoning. These practices are changing with time.
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Office Management
Modern offices remain the integral part of organizations. Managers primarily depend on the office for their managerial functions. These offices collect and store necessary data for the managers to evaluate and take necessary decisions based on the records available in the office.
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Logistical and Transactional Functions of Channels of Distribution
Functions necessary for the transaction of goods are called transactional functions. Risk bearing, buying, and selling come under this function. Producers, after producing the goods, sell it to the intermediaries. Distributors or intermediaries sell these goods to the next intermediaries or the end-
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What Is a Channel of Distribution.
The channel of distribution is the network of institutions that perform a variety of interrelated and coordinating functions in the movement of goods from produces to consumers. The distribution system involves many processes. It is the movement of goods from manufacturers to the end consumers.
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What Is Publicity?
Publicity is a non-personal stimulation of demand for a product, service, or business unit by planting commercially significant news about it in a published medium or obtaining a favorable presentation of it upon television, radio, Internet, or stage that is not paid for by the sponsor.
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Privileges of Private Limited Company
Privileges of private limited company As a public company has large numbers of investors, such companies are protected shareholders interests by framing and following strict rules. But in a private company, the membership is usually...
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Meaning and Importance of Promotion in Marketing
Communication plays an important role in marketing. Communication perform the function of informing the target customer about the nature and type of the firm's product and services, their unique benefits, uses and features as well as the price.
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Elisha and Naaman
Naaman was commander of the army of the king of Aram. He was a great man in the sight of his master and highly regarded, because through him the LORD had given victory to Aram. He was a valiant soldier, but he had leprosy. Now bands from Aram had...
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It will certainly come and will not delay
Habakkuk 2:3 For the revelation awaits an appointed time; it speaks of the end and will not prove false. Though it linger, wait for it; it will certainly come and will not delay. Joseph, a young man of seventeen, was tending the flocks with...
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Importance of Marketing Concepts in Business Enterprises
Consumers favour those products that offer the most quality, performance, and features that constitute the basis of the product concept. They believe consumers are willing to pay a higher cost for goods or services which possess extra quality.
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Company form of business and shares
Company form of organization occupies a pivotal place in the present day business world. Common consumer items like soaps matches, biscuits, washing powder, bread etc., and major industrial goods like coal, steel, plastic, computers etc is carried...
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Profit and Loss Account
As per companies Act, 1956 there no prescribed performa for the preparation of Profit and Loss Account. But the information and particulars are to be present in the Profit and Loss Account are laid down in Schedule VI Part II of the Act. Various...
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How to Make Home Made Kulfi Recipe and Ice Cream
Kulfi is a frozen dessert made from milk. It is commonly prepared by North Indian states. Its preparation and texture have close similarities to ice-cream. Kulfi has high density and it takes a relatively long time to melt.
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Essentials of a Valid Contract of Sale, Elements of a Valid Contract
The requisite elements that must be established to demonstrate the formation of a legally binding contract are detailed in this article.
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Multinational Corporations (MNCs)
In modern times large corporations have become major carriers of foreign capital and technical know how. They are known by various terms such as Multinational Corporations, Transitional Corporations, International Corporations and Global...
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Meaning and Definition of Vouching
The auditor has to check the entries with its supporting documents to determine the accuracy and authenticity of the entries passed by verifying the vouchers, bills, and other supporting documents. This process of checking the evidence of the entries is called vouching.
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Objectives of Audit and Auditing
To determine and judge the reliability of the financial statement and the supporting accounting records of a particular financial period is the main purpose of the audit.
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Advantages of Auditing or Audit
The advantages of Auditing are explained here. Auditing is compulsory for all the organizations registered under the company's act must be audited. is compulsory for all the organizations registered under the company's act must be audited.
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Definition of Auditing
The word 'Audit' is originated from the Latin word 'audire' which means 'to hear'. In the earlier days, whenever there is suspected fraud in a business organization, the owner of the business would appoint a person to check the accounts.
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How to Make More Money From Your Blog
Blogging is a multi-million-dollar sector now. There are a number of reasons why people may consider launching a blog. To express their thoughts and opinions, to promote or market a product, to help others, or to help yourself.
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Origin and Concept of Auditing
From the time of ancient Egyptians, Greeks, and Romans, the practice of auditing the accounts of public institutions existed. Checking clerks were appointed in those days to check the public accounts.
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Meaning and Definition of Statistics
Knowing a little about statistics will help one to make more informed decisions about lives important questions. Furthermore, statistics are often used by politicians, advertisers, and others to twist the truth for their own gain. Here you will learn what is statics.