ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Management of companies and enterprises is the most expensive industry in which to get started. Examples of companies in the space include those that either hold securities or equity interests of another enterprise, or oversee and manage planning and decision making within another business.

Detailed explanation-2: -As any company leader knows, one of the biggest costs of doing business is labor. Labor, which can account for as much as 70% of total business costs, include employee wages, benefits, payroll and other related taxes.

Detailed explanation-3: -Do you know how much it costs to gain a new client, what’s called the “front-end” sale cost? It is one of the most expensive sales you’ll ever make. But even more expensive is the sale you’ll never make again.

Detailed explanation-4: -The C Corporation is the most common form of corporate entity. Also known as a “general for profit corporation”, the C Corporation is owned by shareholders. The shareholders elect a board of directors to create and direct the high-level policies of the business.