Commerce

Price discrimination is a sales strategy that charges a customer different prices for the same product or service based on the belief…

Accounting Functions is as vintage as money itself.

Advertising Agency is just like a tailor. It creates the ads, plans how, when and where it should be delivered and hands it over to the client

The Integrated Marketing Communication seeks to have all promotional and marketing activities of an organization together

Variable Cost is an expense that vary in proportion to the volume of goods or services that a company produces. That is,…

Fiscal Policy is a government corrective measure to check for uncontrolled economic expansion or contraction. If economic expansion gets out of hand,…

Production Cost is the overall fee paid for assets used to fabricate merchandise and create offerings, along with uncooked substances and labour,…

Accounting as an Information system in the American Institute of Certified Public Accountants (AICPA) is: Interpret the result.

Opportunity cost is the value of the next best alternative that is overlooked. Simply put, it’s the cost of what else you…

Microeconomics is a field of economics based on the economic behavior of small economic units such as consumers, workers, savers, managers, businesses,…

Economics deals in social technology associated with the manufacturing, distribution and intake of products and services. We are reading how people, companies,…

Macroeconomics is a department of economics that researches how the whole financial system (markets or different structures that feature on a huge…

In this article, we have listed below the top 10 BCom colleges in India based on ranking, faculty, campus and quality of education.

The classical economists didn’t explicitly formulate demand for money theory but their views are inherent within the quantity theory of money.

The ridge lines are the locus of points of an iso-quants where the marginal product of factors is zero.

The primary market is rooted in a specific location . Conversely, the secondary market physically exists.

The break-even point is that sales level at which a corporation produces exactly zero profit given a hard and fast amount of fixed costs.

macroeconomic theories include theories of economic growth and development, national income, money, international trade, employment, and general price levels.

Scope of business economics is the application of economic theory and methodology to business.

Diseconomics of scale occurs when the long-term average cost of an organization increases. It can occur when the tissue becomes excessively large.

David Ricardo, an English classical economist, first developed a Ricardian theory of rent in 1817 to explain the origin and nature of economic rent.

e-Rupi is designed as a digital payment system which enables users to access the service with the help of SMS or QR bar.

CBDC is a national digital currency or digital form of fiat currency of a country.

NEFT stands for National Electronic Fund Transfer is a centralised payment system of India.

NPCI is an initiative of the Reserve Bank of India and Indian Bank Association in order to promote the digital payment and settlement system of India at retail level.

The relationship between output and cost is expressed in terms of cost function. The companies use cost function to minimize cost and maximize production efficiently.

It accepts demand deposits under current deposits, and savings bank deposits from individuals, small businesses and other entities.
It issues ATM / Debit Cards. Payments banks, however, cannot issue credit cards.
It makes payments and remittance services through various channels including branches, Automated Teller Machines (ATMs), Business Correspondents (BCs) and mobile banking.
It also provides internet banking services to the users.
It accepts remittances to be sent to or receive remittances from multiple banks under a payment mechanism approved by RBI, such as RTGS / NEFT / IMPS.
It undertakes other non-risk sharing simple financial services activities, not requiring any commitment of its own funds, such as distribution of mutual fund units, insurance products, pension products, etc. with the prior approval of the RBI and after complying with the requirements of the sectoral regulator for such products.

Account Reconciliation is an accounting process used to ensure that transactions in a company’s financial records .

Foreign investment refers to the investment made by the foreign individuals or corporations or government.

General insurance, also referred to as non-life insurance, is related to insurance of properties, assets, real estate, gazettes, automobiles etc.