What is the most direct cause of customer loyalty?

 

Product costs are also called Inventoriable Costs, since the product costs are used to value their goods in inventory.

A monopoly is a market that has a single seller of a unique product in the market. He does not have any competition in the market as he has no substitute product for the product he is selling.

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

The primary goal of a business firm is to maximize profit.

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

The Business Entity concept is also called as Separate Entity or Economic Entity concept. This concept states that the transactions and all the balances related or associated with a business must be recorded or accounted separately from other businesses or the individual personal transactions.

The factors that affect worker productivity include the size of incentive payments per non-defective pair, base pay increases, how favorably a company's compensation package compares with the industry-average compensation package, and expenditures for best practices training.