Assumptions of Law of Demand

Law of demand is the concept used in the economics according to which other things remaining the same demand for a product will increase when the price of the product is decreased and when the price of the product is increased the demand for a product will decrease. Law of demand is based on certain [...]

0 comments

Advantages and Disadvantages of Line Organization

When we draw the line it is always straight the only point is it can be either be drawn vertically or horizontally and in the case of the company which follows the line organization structure it refers to that process in which the authority flows from top to down in a vertical manner and not [...]

0 comments

Upselling Examples

An individual wants to go on the 5th floor of the building but the lift man takes the individual to the 6th floor, in the case of marketing this act of taking customer one level above the original planned level is called upselling. Upselling refers to that practice through which marketers or sellers try to [...]

0 comments

Advantages and Disadvantages of Barter System

The barter system is the oldest system of trade which was prevalent or used many centuries back. It refers to that system under which goods or services were exchanged directly with other goods and services and there was no medium of exchange which is the case in present times where the medium of exchange is [...]

0 comments

Difference between Mixed Economy and Capitalism

If one goes to sea beach which is open for all and there you find 2 restaurants one is government owned and other is privately owned and it is your choice where to eat food and now take another scenario where the whole beach is privately owned and one has to stay at hotel in [...]

0 comments