perfect competition

In economic theory, perfect/pure competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, there are few if any perfectly competitive markets. Still, buyers and sellers in some auction-type markets, say for commodities or some financial assets, may approximate the concept. Perfect competition serves as a benchmark against which to measure real-life and imperfectly competitive markets.

product testing

product testing is the testing of a paerticular to ensure that it is safe for consumers to purchase.

how do you calculate revenue?

Revenue= Total sales from goods and services, before expenses and taxes.

what is revenue? and how is revenue calculated?

Revenue is a U.S. business term for the amount of money that a company receives from its activities in a given period, mostly from sales of products and/or services to customers. ...
Source :en.wikipedia.org/wiki/Revenue 
or Revenue is the money you collect for providing a product or service. Revenue is different from earnings, which is what's left of your revenue after subtracting the costs of producing or delivering the product or service and any taxes you paid on the amount you took in. ...

what are stake holders?

A person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies. Key stakeholders in a business organization include creditors,customers, directors, employees, government (and itsagencies), owners (shareholders), suppliers, unions, and thecommunity from which the business draws its resources.

Although stakeholding is usually self-legitimizing (those who judge themselves to be stakeholders are stakeholder ), all stakeholders are not equal and different stakeholders areentitled to different considerations. For example, a company’s customers are entitled to fair trading practicesbut they are not entitled to the same consideration as thecompany's employees. See also corporate governance.

normal objectives

In the design of a relational database management system (RDBMS), the process of organizing data to minimize redundancy is called normalization. The goal of database normalization is to decompose relations with anomalies in order to produce smaller, well-structured relations. Normalization usually involves dividing large tables into smaller (and less redundant) tables and defining relationships between them. The objective is to isolate data so that additions, deletions, and modifications of a field can be made in just one table and then propagated through the rest of the database via the defined relationships.

What factors have made markets more competitive?

. Anew product entering the market
. If the market is in decline, here is more competition
. If there is a recession markets become more competitive
. If another market has a similar idea, and they put their product on the market then there will be more competition taking place

quantitive data:

The term quantitative data is used to describe a type of information that can be counted or expressed numerically. This type of data is often collected in experiments, manipulated and statistically analyzed. Quantitative data can be represented visually in graphs, histograms, tables and charts.

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effective objectives:

• use action words that specify definite, observable behaviors
• indicate an appropriate level of attainment
• are assessable through one or more indicators
• comprehensively and meaningfully define a goal
• are realistic and achievable
• use simple language

what is the difference between qualitive and quantitive data?

Qualititive data: Data that approximates or characterizes but does not measure the attributes, characteristics, properties, etc. Qualitive data describes where as quantitive data defines.

define job batch

A batch job is a scheduled program that runs without user intervention. Corporations use batch jobs to automate tasks that they need to perform on a regular basis. Batch jobs usually run during off peak hours when systems are not being used for online processing. (For example, systems can run to update files, create printed reports, or purge files.) Batch jobs that need to be processed on a regular basis are incorporated into batch schedules.