Accounting

Product pricing is a key aspect of every business entity that calls for thorough management attention. Determining the price at which an entity sells its goods is important as it forms the basis of earning profits which is the...

Successful businesses are generally the outcome of collaborative efforts. Entities having access to different set of resources, working together can lead to profitable businesses. A manufacturer for example would not be able to...

Individuals or entities carrying on business are on the constant look out for means to expand their business and grow their profitability. For this purpose, they may collaborate with different entities who can further their...

While all business entities strive to earn profits, there may be certain circumstances in which they incur losses. Loss primarily occurs when the monetary cost or expense of a resource or transaction exceeds the monetary value...

Earning profit is the ultimate goal of all business and commercial activities. Simply put, profit is the excess of income over expenditure or value over cost. Business entities may generally earn profits from various sources –...