Assay Definition.

An assay is a process of testing a sample of ores or minerals to determine the amount of valuable metals it contains. This can be done either in a laboratory or on site, depending on the nature of the sample and the desired level of precision. There are a number of different methods that can … Read more

Understanding Assortment Strategies.

In order to create an effective assortment strategy, businesses need to have a clear understanding of what assortment strategies are available to them, and which will best suit their needs. Assortment strategies can broadly be classified into two main types: product mix and product assortment. Product mix refers to the overall mix of products that … Read more

What are own funds?

Own funds are the part of the assets of the company that belongs to the owners. It is the part of resources belonging to the company or the company's own financing. The higher the equity of a company, it will have a better image in front of banks and creditors. Formerly known as a synonym … Read more