Laws enacted by the government to regulate prices are called price controls. Price controls come in two flavors. A price ceiling keeps a price from rising above a certain level—the “ceiling”.…"
"The shortage may be resolved in many ways.One way is "queuing"; people have to wait in line for the product, and only those willing to wait in line for the product will actually get it. Sellers might provide the product only to family and…"
"If the price ceiling is above the market price, then there is no direct effect. If the price ceiling is set below the market price, then a "shortage" is created; the quantity demanded will exceed the quantity supplied. The shortage may be…"
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The Case:Sugar is one of the most important food ingredients that are used today. Sugar is necessary for the life because it gives energy in the human body, which is required in several human functions. No matter how strict our diet is, but sugar is present in many eating items. In 2009, the retail price of sugar was Rs. 47 per kg. It was the equilibrium price in the competitive sugar market. As sugar is an essential food item so the government decided to provide relief to the sugar consumers…See More
"May help these points to all of you
Clearly define vision and mission
Within the organization company have communicate their vision and mission with their employees
Create a sound strategy to achieve these glows/objectives or targets
Specialization (Like HRM, Management, Finance, Marketing, Banking, MIS etc)
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