MORE THEORY CHOCKS BY P.A WALEX 1a) Circulating capital :- it is also referred to as WORKING CAPITAL this is the amount of money that business organisations use for the day to day running of the business. it is the capital available to a firm for general purposes. (1aii) - it is used as basis for planning - it is used in measuring the firms capability - it gives investors the inside strength of the business - it is used in determining the circulatory capital available for day to day running - it shows the viability of business enterprises. (1b) -price reduction -advertising -sales promotion -offering of credit facility -increasing the range of good sold )(2a) tarriffs are taxes or duties imposed on imports and export by the government of a country. the idea behind tariffs is to restrict the volume of trade or improve the international terms (2b) -tariffs are imposed to protect infant in dustries from under competition with foreign firms -tariffs are imposed to prevent dumping of goods from foreign countries and it is used to prevent foreign goods from being sold at prices lower than home price. -tariffs are also imposed to gen erate revenue for the country. many countries derive their revenue from import and export duties -tariffs are imposed to encourage the establishment of local industries or enhance the expansion and growth of existing one so as to provide job opportunities -tariffs are imposed so as to prevent dangerous or harmful goods from other countries and it is done by placing high tarrifs on imported goods Prince Adewalex Still On PoinT
Posted on: Wed, 26 Jun 2013 10:58:00 +0000
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