The credit and banking system is a set of credit and financial institutions that perform specific functions for the accumulation and distribution of funds. The credit system of developed countries consists of central, commercial banks, specialized credit and financial institutions. A special place in it is occupied by the central bank. In the US, there […]
Tag: time
Low-cost strategies
In the event that most buyers are sensitive to price, companies try to lead in costs, increasing efficiency and reducing costs. The strategic goal is not the maximum cost reduction in itself, but the achievement of maximum cost superiority over competitors. A company with experience in cost reduction successfully implements a cost leadership strategy. But […]
Market: essence, functions, forms
Market: 1) place of purchase and sale of goods and services, conclusion of trade transactions; 2) economic relations related to the exchange of goods and services, as a result of which demand, supply and price are formed. The structure of the markets is extremely diverse. According to the type of goods sold, markets of raw […]