What is a debit and credit balance
“Debit and credit” is perhaps the most famous accounting phrase that even those who are…

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How the banking system works
We all, one way or another, interact with banks. Deposits, loans, bank cards, payment of…

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5 ways to make your business financially sustainable
Business financial sustainability is like that 2000s meme girl—hard to find and easy to lose.…

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How to attract a sponsor
The process of obtaining sponsorship for your business, project or event can end in a…

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price for a long

How to Find Marginal Revenue

According to basic economic principles, if a company lowers the price of its products, then that company can sell more products. However, this will generate less profit for each additional item sold. Marginal revenue is the increase in revenue from the sale of an additional unit of output. Marginal revenue can be calculated using a simple formula: Marginal revenue = (change in total revenue)/(change in units sold). Continue reading

What is a debit and credit balance
“Debit and credit” is perhaps the most famous accounting phrase that even those who are…

...

How to attract a sponsor
The process of obtaining sponsorship for your business, project or event can end in a…

...

How to become a marketing consultant
Marketing is the ability to tell a compelling story about products and services through words,…

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