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How is the break-even point computed? The BEP (Breakeven point) can be computed by using the given relation as follows: BEP = F/(1 – V/P)
What are the benefits of leaving the allocation of country resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or goods
QUESTION 1 Planning is important for the success of an organization. Yet several organisations are reluctant to be involved in the planning process. Discuss the validity of thi
Q. What are the features of pure capitalism? 1. The capitalist system is also called free enterprise economy and market economy. 2. Private ownership. 3. No government interfer
What are the four major classes of risk an organization evaluates while outsourcing? Explain them. 1. Strategic risks. 2. Operational risks. 3. Result risks. 4. Transac
Five steps in the process of evaluating the purchasing and supply system
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QUESTION (a) "Within the financial system of a country, commercial banks are considered as major financial intermediaries with important contribution to the economy". Discuss t
QUESTION (a) In today's economic climate, the dominant concerns of most businesses focus on efficiency, quality and profitability and the quest to find a way to narrow these
Sam bought a leather corner sofa and chair from SCS Edinburgh for £5,490 in July 2009. Less than a year later, she noticed that the sofa’s stitching had started to unravel and repo
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