Category: BBA

Keeping Errors At Bay-Four Levels Literal Comprehension: This essay is written by Betrand Russell which provides multiple examples of mistake that people generally commit in their day to day life. His main idea is to provide suggestions to avoid the mistakes. We need careful, serious, critical and analytical mind to get rid of these errors. […]
Law of Return scale: Law of returns scale explains the Long-run input output relationship ie;long run production function in which all the factors of production are variable. It explains how output changes when all factors of production are changed in the same proportion. For e.g, If both the inputs are doubled ,the output may be […]
Microeconomics- Business Decision making a)Explain the role of microeconomics in business decision making. Ans) The role of microeconomics in business decision making can be explained as under: 1) Optimal resource utilization: The productive resources are scarce in the economy and microeconomics tells how the productive resources are allocated in the production of various goods and […]
Very short questions,Demand and Supply What do you mean by demand? Ans) Demand means the quantity of goods and services which consumers would buy in a market at a given time and price.In order to change desire into demand ,it is essential that the consumer should have both willingness and ability to pay. Define Demand […]
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