Functions of an Entrepreneur
Functions of an Entrepreneur An entrepreneur is a person who creates something new and assumes the risks and rewards associated with that innovation. An entrepreneur…
Business
Main Characteristics of an Entrepreneur
Main Characteristics of an Entrepreneur An entrepreneur is a person who creates something new and assumes the risks and rewards associated with that innovation. The…
Assumptions are inherent in the Economic Order Quantity (EOQ) model
Assumptions are inherent in the Economic Order Quantity (EOQ) model Economic order quantity (EOQ) is the order quantity of inventory that minimizes the total cost…
Concept behind the Economic Order Quantity (EOQ) model
The concept behind the Economic Order Quantity (EOQ) model Economic order quantity (EOQ) model is the method that provides the company with an order quantity.…
Motives of Holding Inventory
Holding Inventory is the Inventory helps the organization to prevent fluctuations in demand & supply from affecting sales or production. The main objective of holding…
Commercial draft
Commercial draft refers to the instrument issued by the drawer to entrust the payer to pay a certain amount of money to the payee or…
Credit Policy Variable
Credit Policy Variable A company’s policy on when its customers should pay for goods or services they have ordered a government’s policy at a particular…
Inventory Management
Inventory Management is the management of inventory and stock. The overseeing and controlling of the ordering, storage and use of components that a company will…
Entrepreneur
Entrepreneur An entrepreneur is a person who creates something new and assumes the risks and rewards associated with that innovation. The entrepreneur is usually seen…
Open account
Open account An open account transaction is a sale where the goods are shipped and delivered before payment is due. Which means that the only…
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