Profit maximization means maximizing the money (or any other currency such as dollar, pound or bath) income of firms. Firms produce goods and services. They may function in a market economy, or in a government-controlled economy. In a market economy, price Read more…

Principles mean general guideline of a firm to perform its activities. The principles of financial management are discussed as follows — The principle of risk-return trade-off: Risk and return are closely related with each .other. More risk, more return is Read more…

At some point in life, you will have been heard of some multi-level marketing (MLM) or network marketing business opportunity. Although incentives vary between companies, it usually offers the chance to ditch your 9-5, fire your boss, sell products you Read more…

To address the myriad complexities that contain different types of market, marketers need to plan and implement one or more marketing strategies in order to achieve the objectives that the company or business unit has set itself in its target Read more…