Business

The term “hedonic” refers to the concept that the value of a home can be determined by looking at the value of the constituent components…

Classification of Working Capital Working Capital refers to a firm’s investment in short term assets-cash, short term securities, accounts receivable, and inventories. It can be…

A trade union is usually an association of wage earners formed for the purpose of their mutual help and improvement of the conditions of their…

Dynamic pricing is a method firms use to constantly adjust the price of goods/services depending on demand. It also referred to as demand pricing, or…

Hedonic regression is the use of a regression model to estimate the influence that various factors have on the price of a good, or sometimes…

Wage Differential A wage differential refers to the difference in wages between people with similar skills within different localities or industries. It is a term…

Trade Mark A trademark is typically a name, word, phrase, logo, symbol, design, image, or a combination of these elements. It is a sign capable…

Comparative Statics Most of the economic theory consists of comparative statics analysis. In economics, comparative statics is the comparison of two different economic outcomes, before…

Importance of Working Capital Working capital is the lifeblood and nerve center of business. Working capital is very essential to maintain the smooth running of…

Trade Discount A trade discount is a reduction in price a manufacturer or wholesaler gives a wholesale or retail when they buy a product or…

Trade Commissioner is a government official stationed in a foreign country and usually subordinate in rank to a commercial attaché but with similar duties. They…

Disadvantages of Insufficient Working Capital Working capital measures a company’s ability to turn short-term assets into cash. The amount of working capital should be sufficient.…