profit maximization model
21Oligopoly — An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). The word is derived, by analogy with monopoly , from the Greek ὀλίγοι (oligoi) few + πόλειν (pólein) to sell . Because there are …
22Comparative statics — In this graph, comparative statics shows an increase in demand causing a rise in price and quantity. Comparing two equilibrium states, comparative statics doesn t describe how the increases actually occur. In economics, comparative statics is the …
23Channel coordination — (or supply chain coordination) aims at improving supply chain performance by aligning the plans and the objectives of individual enterprises. It usually focuses on inventory management and ordering decisions in distributed inter company settings …
24Philosophy of business — The Development of management theory and philosophy considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily property or a social… …
25Accelerator effect — The accelerator effect in economics refers to a positive effect on private fixed investment of the growth of the market economy (measured e.g. by Gross Domestic Product). Rising GDP (an economic boom or prosperity) implies that businesses in… …
26Parquesoft — is a registered trademark that distinguishes a Colombian organization dedicated to the development and promotion of software and technology. It supports the creation and sustaining of micro enterprises in many cities of Colombia. Parquesoft has… …
27geography — /jee og reuh fee/, n., pl. geographies. 1. the science dealing with the areal differentiation of the earth s surface, as shown in the character, arrangement, and interrelations over the world of such elements as climate, elevation, soil,… …
28Dutch East India Company — This article is about the trading company. For the record label, see Dutch East India Trading. Dutch East India Company Former type Public company Industry Trade …
29Transfer pricing — refers to the pricing of contributions (assets, tangible and intangible, services, and funds) transferred within an organization. For example, goods from the production division may be sold to the marketing division, or goods from a parent… …
30Monopolistic competition — Short run equilibrium of the firm under monopolistic competition. The firm maximizes its profits and produces a quantity where the firm s marginal revenue (MR) is equal to its marginal cost (MC). The firm is able to collect a price based on the… …
