Business Awareness Questions

Effective sales management begins with determining sales goals. Effective sales management stems from a success-oriented sales force that accomplishes its mission economically and efficiently.

A market is said to be in equilibrium when market demand is equal to market Supply.

Ratio analysis helps us to evaluate various aspects of a company's operating and financial performance such as its efficiency, liquidity, profitability and solvency. The trend of these ratios over time can be used to check whether they are improving or deteriorating.

In economics we study that, if the price of a good increases the demand in its quantity decreases or the demand for its complimentary good increases.

For example, if the rice of a good increased by 5%, the demand in its quantity decreases by 10% approximately.

Performance goals are used to measure productivity.

A partnership is a form of business where two or more people share ownership.