What Is An Invoice? An invoice is a document that details the products and services provided by a business to a client and establish an obligation on the part of the client to pay the business for the products and services. In other words, an invoice is a bill that a buyer of goods and … Read more
What Is Correlation? Correlation is a statistical method that is used to establish relationship between two variables/datasets and how strong that relationship may be. The measure is best used in variables that demonstrate a linear relationship between each other. The fit of the data can be visually represented in a scatterplot. Using a scatterplot, we … Read more
What Are Goods? Goods refer to the tangible consumable products, articles, commodities that are offered by the companies to the customers in exchange for money. They are the items that have physical characteristics i.e shape, appearance, size, weight etc. They are capable of satisfying human wants by providing them utility. Some goods are made for … Read more
What is a Primary Market? Primary market is a segment of the capital market where entities such as governments, companies and other entities obtain funds through sale of debts and equity-based securities. Since the securities are sold for the first time, a primary market is also referred to as the New Issue Market (NIM). When … Read more
What is a Bin Card? A Bin Card is a document that records the status of goods held in warehouse, store or stock. A bin card is a common element in a perpetual inventory system. The bin card includes a number of data points about a particular product, but its most important function is to … Read more
Shares and debentures on the stock market are conventional investment terms. Debt and Equity are generally the two main methods through which the company or businesses use to raise money from the market for expansion and growth. Where a company uses equity to raise finances, the company shares will be issued to the public and those … Read more
What is a Bull Market? A bull market is when a major stock market index rises at least 20% from a recent low. A bull market generally happen during periods when the economy is strong or strengthening. Bull markets are often accompanied by gross domestic product (GDP) growth and falling unemployment, and companies’ profits will be … Read more
Who Are Jobbers? They are professional independent brokers engaged in buying and selling of specified securities in their own name. Jobbers cannot deal on behalf of public and are barred from taking commission. They deal with brokers who in turn transact on behalf of the public. A jobber deals in a limited number of securities which he … Read more
Who Are Wholesalers? A wholesaler is essentially a middleman between a manufacturer and a retail establishment. Wholesalers obtain large quantities of products at a lower price and sell them to retailers or other business, which sell them from their e-commerce sites or storefronts, usually to end consumers. Due to the large quantities purchased from the … Read more
What Is Unit Banking? A unit bank is a type of bank under which banking operations are carried by a single office and they limit their operations to a limited area. Unit banks do not open any branch in other places and is more responsive to local needs. The management and control of unit banks … Read more