IAS 2: Your Guide to Understanding Inventories
Welcome to our simplified guide on IAS 2, the International Accounting Standard that lays down the rules for how businesses account for their “inventories” – basically, all the stuff they have on hand to sell or use in making things to sell. The Big Idea Behind IAS 2 The main goal of this standard is…
The Insight Mirror
What is fiscal and monetary policy? How does it function?
To strengthen a country’s economy, necessary planning, policies, and strategic actions are required. Particularly for the development of an economy and to keep it at the top, governments and economists work tirelessly. Among the various policies they implement, fiscal policy and monetary policy are prominent. But what exactly are these policies, and how do they…
Primary vs. Secondary Market: Know the Key Differences
Understanding the primary and secondary markets is crucial for investors, financial professionals, and anyone interested in capital markets. These markets serve distinct functions in the financial ecosystem, facilitating the flow of capital and providing liquidity to investors. This comprehensive guide delves into the definitions, mechanisms, differences, and real-world examples of both markets.(Encyclopedia Britannica) Introduction The…
Scarcity Marketing: A Powerful Strategy to Boost Sales
In the competitive world of business, attracting and retaining customers is a constant challenge. One of the most effective and psychologically driven marketing techniques is “Scarcity Marketing.” This strategy plays on the human tendency to desire things that are rare or limited. When customers believe that a product or service is in short supply, they…