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
What is Monopoly? A monopoly is a market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. In a monopoly market, factors like government license, ownership of resources, copyright and … Read more
What is Life Insurance? Life insurance is a contract between an insurer and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime. For the contract to be enforceable, the life … Read more
Life insurance and general insurance are two types of insurance products that serve different purposes and cover different aspects of risk. Life insurance focuses on providing financial security to beneficiaries in case of the insured’s death or disability, while general insurance covers risks related to property, liability, health etc. The terms, benefits and coverage of … Read more
The common assumption is that California king is larger than the standard king. Surprisingly, this is not true. While the California king is longer than the standard king, it’s less wide, and has less surface area overall. In other words, the main difference between a King and California King mattress is in the width and … Read more
Otters Otters are semiaquatic mammals that belong to the weasel family (Mustelidae) and are noted for their playful behaviour. They are found on every continent except Australia and Antarctica. There are 13 species in total, ranging from the small-clawed otter to the giant otter. Though most live in freshwater rivers, lakes, and wetlands, the sea otter and the smaller marine otter are found in … Read more
Petco and PetSmart are both popular pet retail chains in the United States that offer a wide range of products and services for pets and pet owners. Let us talk in details about these two retail stores, by looking at their history, exclusive brands and in-store services to their community engagement efforts and beyond. Petco Petco … Read more
Sometimes people confused between product line and product mix that they are the same. But these terms are slightly different. A product line offers unique and related products and brands in the market. These products have similar functions and also target a defined group of customers. On the other hand, product mix is the combination of … Read more
The analysis of shape of data is a crucial action in statistics. It helps to understand where the most information is lying and analyze the outliers in a given data. In this article, we’ll learn about the shape of data, the importance of skewness, and kurtosis. The types of skewness and kurtosis and Analyze the … Read more
What is Amortization? Amortization is an accounting method used to spread the cost of an intangible asset over its useful life. Intangible assets, such as patents, copyrights, trademarks, and goodwill are those assets that have no physical presence but have value because of the rights or privileges they grant to the owner. Amortization allows the … Read more