This article throws light upon the four main theories of wages. The theories are:- 1. Subsistence Theory. 2. Wage Fund Theory. 3. Marginal Productivity Theory. 4. The Bargaining Theory of wages. 1. Subsistence Theory: It states that wages tend to keep to a level that will provide the workers only with bare subsistence. If wages for a time rise above [...]
After reading this article you will learn about:- 1. Functions (Scope) of Breakeven Chart 2. Construction of Breakeven Chart 3. Interpretations and Analysis 4. Procedure to Draw 5. Limitations. Functions (Scope) of Breakeven Chart: 1. A breakeven chart is an aid to management and it depicts a clearer view of the position of a business. 2. It is one of [...]
This article throws light upon the two main alternatives actions taken by dissatisfied consumers. The alternative actions are: 1. Private Alternatives 2. Public Alternatives. Action # 1. Private Alternatives: The dissatisfied consumer may decide to resolve his dissatisfaction in a private or personal way. The most private way, of course, is to do nothing at all and say nothing to [...]