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ABC Classification

ABC classification is a ranking system for identifying and grouping items in terms of how useful they are for achieving business goals. The goal of ABC classification is to provide a way for a business to identify that valuable 20% so that segment can be controlled most closely.
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Circular Flow of National Income

The circular flow of income shows the flow of money from economic activity between households and firms. Households receive payments for their services (income) and use this money to buy the output of firms (consumption).
This lesson is part of a certificate course
Cash Book

Cash Book (MSB – Commerce Std. XI)

Course will have explanation and illustration on Simple Column Cash Book / Double Column Cash Book / Petty Cash Book
This lesson is part of a certificate course
Bank Reconciliation Statement

Bank Reconciliation Statement (MSB – Commerce Std. XI)

The Course will explain Base level Problems On Bank Reconciliation Statement it will Explain the concept and give some techniques to Solve problems on Bank Reconciliation Statement.
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Objectives of New Economic Policy (NEP) 1991

The main objectives to launch new economic policy (NEP) in 1991 are as follows: The main objective was to plunge Indian economy in to the field of 'Globalization and to give it a new drive on market orientation.
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Theoretical Difficulties in Measuring National Income

There are many theoretical difficulties in the measurement of national income for examples, Transfer payments, Illegal income, Unpaid services, production for self-consumption and so many.
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Concept Of Market

To understand 'marketing' it is necessary to understand the concept of 'market'. The term market is derived from the Latin word 'mercatus', which means 'to trade', 'to trade merchandise' or 'a place where business is transacted'.
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Types Of Market

"Marketing is the management process of identifying, anticipating, and satisfying customer need profitably." Chartered Institute of Marketing (UK)
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Meaning & Importance of Directing

The work of motivating employees can be accomplished through the Directing function of management. For example, under directing function of management the problems of employees are curbed by the manager there and then.
This lesson is part of a certificate course
Depreciation

Depreciation (MSB – Commerce Std. XI)

Course will have expalnation Of Depreciation [Two Methods ONLY] and illustration on Depreciation Fixed Installment / Original Cost / Straight Line Method & Reducing balance / Written Down / Diminishing Balance Method.
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Assumptions of law of supply

The term “other things remaining the same” refers to the following assumptions in the law of supply: No change in the state of technology. No change in the price of factors of production.
₹250
Bills Of Exchange

Bills Of Exchange

Bills of exchange meaning and concept. Understand the concept and technique to pass journal entries for the topic. Entries in the books of drawer & Drawee Cover Only.
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Features of Monopoly

According to Prof. E.H. Chamberlin, "A monopoly refers to a single firm which has control over the supply of a product which has no close substitute."
₹250
Ledger

Ledger

The ledger is a permanent summary of all amounts entered in supporting journals which list individual transactions by date.
This lesson is part of a certificate course
Journal Entries

Journal Entries (Certificate Course – Foundation)

The definition of journal is a diary you keep of daily events or of your thoughts or a publication dealing with a specific industry or field.
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