Average Cost Pricing Rule Definition.

The average cost pricing rule is a regulation that requires a company to price its products or services at an average cost that covers all of its costs. This includes both direct and indirect costs. The purpose of this rule is to prevent a company from using its pricing power to unfairly increase its profits. … Read more

What is McGregor’s Theory X and Theory Y?

Theory X and theory Y developed by Douglas McGregor are two perspectives by which people have a different attitude in relation to the management of people and work. This means that, depending on our focus, we will see the work as one way or another. It is a challenging approach to Taylorism, conceiving the worker … Read more