After reading this article you will learn about the price policy of public enterprises in India. For a long time, there was no definite price policy prescribed for public enterprises in India. Because, until the adoption of planning, the role of the public sector in India was not very significant. Only a few public utility undertakings like Railways and Posts [...]
After reading this article you will learn about the break-even point of an enterprise. Every enterprise has a break-even point which is the critical criterion of its probable profit range at a given or estimated volume of business. Profit must not be viewed as an earning by chance or luck. It has to be scientifically planned for. An entrepreneur does [...]
This article throws light upon the top five methods used for reconciliation of differing optima of firm. 1. If the technical optimum is greater than the managerial optimum, the gap has to be covered by measures aiming at enhancing managerial efficiency. Or the firm has to split the productive organisation into different separate departments in order to take advantage of [...]