The term market price refers to the amount of money for what an asset can be sold in a market. The market price of a given good is a point of convergence| Corporate Finance Institute
Normal goods are a type of goods whose demand shows a direct relationship with a consumer’s income. It means that the demand for normal goods| Corporate Finance Institute
The concept of the "invisible hand" was invented by the Scottish Enlightenment thinker, Adam Smith. It refers to the invisible market force| Corporate Finance Institute
Customers play a significant role in any business. By better understanding the different types of customers, businesses can be better equipped to develop| Corporate Finance Institute
Economies of scale refer to the cost advantage experienced by a firm when it increases its level of output.The advantage arises due to the| Corporate Finance Institute
Quantitative analysis is the process of collecting and evaluating measurable and verifiable data to understand the behavior and performance of a business.| Corporate Finance Institute