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What is a Deferred Payment? Definition: A deferred payment involves paying for a good or a service at a future point in time. A seller may provide this facility to a buyer to promote sales.There could be a situation where the purchaser cannot pay immediately....

What is Demand? Definition: The demand for a product or a service is determined by the ability and willingness of consumers to purchase it. It’s important to remember that both conditions must be satisfied. There should be a need for the product or service in question,...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is Dependency Theory?Definition: The dependency theory states that rich nations have benefitted tremendously over the years by importing raw materials and commodities from poor countries. But the increase in wealth in the developed world has been at the...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is a Depreciation Schedule?Definition: A depreciation schedule helps a business to keep track of the decline in the value of its long-term assets. All assets do not depreciate at the same rate. The accounting department in a firm...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is Detail Oriented?Definition: A detail oriented person pays close attention to the job at hand and has the ability to stay focused throughout the working day. When handling complex tasks, a person with this attribute will look closely...