In a perfectly competitive market or industry, the firms are price takers. The price is determined by the market forces of demand and supply. The individual firms will face a horizontal line demand curve.
This horizontal line represents the demand curve, price line, average revenue, and marginal revenue. The profit is maximized when the marginal cost and marginal revenue is equal to price.
The following tools can be utilized to make the chronicle and revealing of bookkeeping exchanges proficient and powerful.
Tally is a bookkeeping device used to record business exchanges, evaluating work costing, overseeing stock, producing reports for changed business purposes. It is exceptionally viable instrument for little and medium measured business. It works at a fast and gives precision and adaptability. It can likewise be tweaked according to the business needs. Top notch information uprightness checks at customary levels guarantee reliability on the records.
With the appearance of online instruments, Quick-book facilitates the assignment of the bookkeeper and aides in recording the exchanges in the most gainful and financially savvy manner.It assists spare with timing by handling mass exchanges rather than one at a time.The device gives generally perspective on the customers and help deal with the records productively.
Sage-One is facilitated on cloud and permits to get to the framework from any area. It assists with overseeing incomes, track cost and pay, record buy and deals, track and control stock development. It likewise permits to connection to web banking and interface with the cashbook. Different highlights incorporate dashboards, cites and gauges, planning reports.