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What is Minimum Efficient Scale? Minimum efficient scale refers to the lowest point on the long-run average cost curve where the firm can achieve economies of scale. How to Determine the Minimum Efficient Scale When it comes to classical economies, MES is the lowest production point where long-run average costs (LRATC) is minimized. LRATC represen...
2 min reading timeWhat is Income Tax? An income tax refers to the amount of money that individuals and businesses are mandated to pay on income earned and profits made. There is no fixed rate for income tax, rather, the amount paid differs from person to person and business to business. Income tax is paid based on the income or profits made in a year. Tax is one of t...
1 min reading timeWhat is a Deferred Payment? In a deferred payment situation, one is allowed to start making the required payments after a fixed period of time agreed to by both the creditor and the borrower. Back to:BANKING, LENDING, & CREDIT INDUSTRY How Does a Deferred Payment Work? A Deferred Payment is made in the future at some point. Deferred payment is u...
0 min reading timeWhat is an Absolute Performance Standard? An absolute performance standard refers to a gauge used in evaluating the performance of businesses and employees. It serves as a model standard and seeks to measure how well an organization is performing and how employees are also faring working towards the goals of the organization. Standards should also b...
0 min reading timeWhat is Adaptive Selling? Adaptive selling is a customized selling approach which is based on several factors such as the feedback received from the customer, the sales situation and the customer you are selling to. One important feature of this selling approach is to understand the customers social life. The aim of adaptive selling is to offer a mo...
2 min reading timeWhat is the London International Financial Futures and Options Exchange? London International Financial Futures and Options Exchange, LIFFE, is a leading market for interchange options and characteristics on Euro money market derivatives. It is a platform through which goods of variant derivatives are exchanged electronically. How Does the London In...
1 min reading timeWhat is a Reservation Of Rights Letter? A reservation of rights letter refers to a notice issued by an insurer to an insured which states that a/some claims might not be covered by the policy. When issued by an insurer, a reservation of rights letter outlines some claims that might be denied coverage under the policy, as well as reasons why they are...
2 min reading timeWhat is a Push Notification? App publishers frequently use push notifications as marketing strategies to reach their target customers. A push notification abruptly appears on mobile devices, this push notifications are often in the form of messages. A standard push notification pops up as a single message on users devices. Users of mobile devices do...
2 min reading timeWhat is DAX-100? The Deutscher Aktienindex 100, also known as DAX-100, is a former price-weighted index that represented top-traded 100 blue-chip or heavily traded stocks on the Frankfurt stock exchange. How Doe the DAX Work? The DAX-100 included 30 DAX equities and 70 MDAX equities listed on the Frankfurt Stock Exchange. However, since March 24, 20...
0 min reading timeWhat is the American Bankruptcy Institute? The American Bankruptcy Institute refers to a nonpartisan research organization and association that provides education to bankruptcy professionals. ABI was founded in 1982 with its base in, Alexandria Virginia. The ABI consists of over 12,000 accountants, attorneys, judges, lenders, bankers among other ban...
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