Introduction Oligopoly is a market structure in which a few large firms dominate the market. One of the key characteristics of oligopoly is price rigidity — prices tend to remain stable even when costs or demand change. Economist Paul Sweezy attempted to explain this phenomenon using the Kinked Demand Curve Model. This model is based […]
Introduction In the Cournot model of duopoly, two firms compete by choosing quantities simultaneously and independently. Each firm chooses its output assuming the other firm’s output is fixed. The goal is to maximise profit given the market demand and cost conditions. Let’s solve the numerical parts of this problem step by step. Given: Market demand:
Introduction In economics, the concept of returns to scale explains how output changes when all inputs are increased in the same proportion. In the long run, all factors of production are variable. Initially, firms may enjoy increasing returns to scale, but beyond a certain point, they often experience diminishing returns to scale. This means that
Give reasons for diminishing returns to scale accruing to a firm in the long run. Read More »
Introduction Monopoly and Perfect Competition are two extreme forms of market structures in economics. While Perfect Competition represents a market with many sellers and buyers dealing in identical products, Monopoly stands for a market where a single seller dominates with no close substitutes. Understanding the differences between these two market structures helps us understand how
BCOC-132 Assignment 2025 – All Questions with Answer Links Below is the complete list of all questions from the IGNOU BCOC-132: Business Organisation and Management assignment for 2025 along with direct links to detailed answers for each. Distinguish between commerce and industry. What are the objectives of a cooperative form of organisation? Explain its merits
BCOC-132 Business Organisation and Management – Complete Assignment Answer Links (2025) Read More »
Introduction Lease financing is a popular method used by businesses to obtain the use of assets such as machinery, equipment, buildings, or vehicles without owning them. It is a financial arrangement where one party (the lessor) allows another party (the lessee) to use an asset for a specific period in exchange for regular payments. This
What is lease financing? Read More »
Introduction Planning is the first and most important function of management. It involves setting goals, deciding the actions to achieve them, and identifying the resources needed. Planning gives direction to the organisation and helps in using resources efficiently. To make the planning process effective, certain principles should be followed. These principles guide managers to plan
Explain the principles of planning. Read More »
BCOC-132 Assignment 2025 – All Questions Answered Below are the links to all the answers for the BCOC-132: Business Organisation and Management assignment (2025). Click on each question to view its detailed solution. Distinguish between commerce and industry. What are the objectives of a cooperative form of organisation? Explain its merits and limitations. Compare line,
BCOC-132 Business Organisation and Management – Assignment Answer Links (2025) Read More »
Introduction Public enterprises are businesses owned and operated by the government. These organisations aim to serve the public interest and contribute to economic development. In India and many other countries, public enterprises play a key role in sectors like energy, transport, finance, and communication. There are different forms of organisation for public enterprises, each with
What are the forms of organisation in public enterprises? Read More »
Introduction Supply Chain Management (SCM) is a vital part of any business that deals with the movement of goods and services. It covers everything from sourcing raw materials to delivering the final product to the customer. Effective supply chain management helps in improving customer satisfaction, reducing costs, and increasing efficiency. In this answer, we will
What are the objectives of supply chain management? Read More »
Disabled !
