CHAPTER 1 : ECONOMICS OF SCALE

COMBINING THE FACTORS OF PRODUCTION THE LAW OF DIMINISHING RETURN TYPES OF OUTPUT RELATION IN TP AND AP CHOICE OF FACTOR COMBINATION IMPORTANCE OF THE LAW OF DIMINISHING RETURNS MERITS OF THE LAW OF VARIABLE PROPORTION HOW TO CALCULATE CHANGES IN SCALE SCALE OF PRODUCTION FACTORS THAT DETERMINES THE SIZE OF A FIRM COST OF PRODUCTION CLASSIFICATION OF A COST

CHAPTER 2 : REVENUE CONCEPT

1) Total Revenue (TR) 2) Average Revenue DISTRIBUTION OF GOODS AND SERVICES TYPES OF DISTRIBUTING CHANNEL REASONS FOR THE PRODUCERS CHOICE OF THE DISTRIBUTING CHANNEL MIDDLEMAN SMALL SCALE RETAIL UNITS ADVANTAGES OF AUTOMATIC VENDING MACHINE LARGE SCALE RETAIL UNITS

CHAPTER 3 :BUSINESS UNIT(ORGANISATION)

TYPES OF BUSINESS ENTERPRISES PARTNERSHIP THE JOINT STOCK OR LIMITED LIABILITY COMPANY PUBLIC LIMITED COMPANY SOURCES OF FINANCE DEBENTURES DIVIDEND CO-OPERATIVE SOCIETIES PUBLIC ENTERPRISES NATIONALISATION PRIVATISATION PRIVATISATION