Archive | Business Economics

Business Units: Top 5 Types of Business Units

The following points highlight the top five types of business units. The types are: 1. Individual Proprietorship 2. Partnership 3. Joint Stock Company. Business Unit: Type # 1. Individual Proprietorship: Sole or individual proprietorship is the oldest and simplest form of business organisation. In this type of organisation, an individual is the sole ownership of the business. He supplies land; [...]

By |2016-03-02T04:24:12+05:30March 2, 2016|Business Economics|Comments Off on Business Units: Top 5 Types of Business Units

Business Economics: Definition, Characteristics and Scope

Let us make an in-depth study of the Business Economics. Read this article to learn about :- 1. Definition of Business Economics 2. Characteristics of Business Economics 3. Scope. Definition of Business Economics: The teaching of economics is, thus, an abstract theorization with little connection to business. But theoretical models of economics are to be applied in business areas. Once [...]

By |2015-12-19T15:21:17+05:30November 17, 2015|Business Economics|Comments Off on Business Economics: Definition, Characteristics and Scope

A Reasonable Profit Target

As we know that objectives of business firms can be various. There is no unanimity among the economists and researchers on the objective of business firms. One thing is, however, certain that the survival of a firm depends on the profit it can make. So whatever the goal of the firm-sales maximization, maximisation of firms, growth, maximisation of managers' utility [...]

By |2015-08-10T17:42:14+05:30May 8, 2015|Business Economics|Comments Off on A Reasonable Profit Target
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