Category: Facts

Paasche’s Index Number

Management > Managerial Statistics > Index Number By Paasche’s Method Price Index Number by Paasche’s Method: Paasche’s method is based on fixed weights of the current year. For price index current year’s quantities are used as weights. Steps involved: Denote prices of the commodity in the current year as P1 and its quantity consumed in […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

International Business

Forms of International Business

Post author By Hemant More
Post date July 1, 2019
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Management > International Business Management > Introduction to International Business > Forms of International Business The different forms of international business are as follows Export: Export deals with the physical movement of goods and services from one place to another through a customs port followings the rules of both the country of origin and country […]

Statistics

Lapeyre’s Index Number

Management > Managerial Statistics > Index Number By Larpeyre’s Method When all commodities are not of equal importance, we assign a weight to each commodity relative to its importance and the index number computed from these weights is called a weighted index number. For example, when calculating the price index number if the price of […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

Statistics

Simple Average of Relative Method

Post author By Hemant More
Post date June 28, 2019
1 Comment on Simple Average of Relative Method

Management > Managerial Statistics > Index Number By Simple Average of Relative Method Simple Average of Relative Method Using Arithmetic Mean: In this method, average of price relative of commodity is calculated. Steps involved Find price relative for each commodity for the current year using the formula R = (P1 / P0) × 100. Add […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

International Business

Transformation of Business: Domestic to Global

Post author By Hemant More
Post date June 27, 2019
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Management > International Business Management > Introduction to International Business > Transformation of Business: Domestic to Global Before understanding the transformation of business, we have to understand different types of companies in international business. International Companies: Companies that deal with foreign countries for their business are considered as international companies. They can be exporters or […]

Tags Flexibility, Global companies, International companies, International operations, Multinational companies, Oligopolistic property, Transnational companies

Statistics

Index Number By Simple Aggregative Method

Post author By Hemant More
Post date June 27, 2019
3 Comments on Index Number By Simple Aggregative Method

Management > Managerial Statistics > Index Number By Simple Aggregative Method In Simple Aggregative Method, the total price of commodities in a given (current) year is divided by the total price of commodities in a base year and expressed as a percentage. Steps involved in Simple Aggregative Method: Add the prices of all the commodities […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

International Business

Globalization

Management > International Business Management > Introduction to International Business > Globalization Globalization is a process where businesses are dealt in markets around the world, apart from the local and national markets. It is the process of international integration arising from the interchange of world views, products, ideas and mutual sharing, and other aspects of […]

Tags Advantages of globalization, Benefits of globalization, Division of labour, Economic liberation, GCS, Global Civil Society, Globalization, Impact of Globalization, International business, International business career, International business course, International business objectives, International Business strategy, International market, Objectives of international business, Types of international business, Why is international business important

Statistics

Construction of Index Number

Post author By Hemant More
Post date June 25, 2019
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Management > Managerial Statistics > Construction of Index Number Following are the steps involved in the construction of index number Purpose of index number: The steps which are taken in the construction of index number generally depend on the purpose of the index number. Hence the purpose of index numbers must be defined clearly, perfectly […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

International Business

Drivers of International Business

Post author By Hemant More
Post date June 25, 2019
2 Comments on Drivers of International Business

Management > International Business Management > Introduction to International Business > Drivers of International Business The production of goods and services has increased around the world due to a number of factors, particularly globalization. Many companies have gone beyond their national borders to have operations, even in remote corners of the world. McDonald’s, Subway, Kellogg’s, Walmart, […]

Tags International business, International business career, International business course, International business objectives, International Business strategy, International Finance, International laws, International market, Objectives of international business, Types of international business, Why is international business important

International Business

Factors Affecting International Business

Post author By Hemant More
Post date June 24, 2019
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Management > International Business Management > Introduction to International Business > Factors Affecting International Business The exchange rate, geographical position, level of development, national income, legal and political framework are some factors which influence the international business. Influence of Politics and Protectionism: A country’s government can have a major effect on its balance of trade […]

Tags Balance of payment, Culture, Exchange rate, Inflation, International business, International business career, International business course, International business objectives, International Business strategy, International market, Legal framework, Lengthy legal procedures, Markrt forces, Politics, Regulatory framework, Types of international business, Why is international business important