Saturday, September 22, 2018

5 economic concept related to company# ACC


ABOUT ACC AND , HOW ITS RELATED TO FIVE CONCEPT OF ECONOMICS.

Acc (company) is one of the largest producer of cement in india.it”s registered office is called cement house.

Total assets: 120.9359 billion.

Total equity:RS78.2484 billion.

Type of market:

Monopolistic competition:

Acc comes under monopolistic competition,as there are many company running in the market, like, j.p cement, shree cement,ambuja cement,ramco cement etc.

PRICE DISCRIMINATION:

IT Charges different price for different market, buyer to byer, season to season, and time to time.during off-peak the price get reduce and during peak the price get increases.



WAGE DISCRIMINATION:

It discriminate different wages for different group of workers,as female group workers get less wages as compare to male grope working in same organisation.:



VARIABLE RESOURCES:

It uses varying the variable resources like labour, time to time in order to meet the demand of product. During off season it reduce the man power ,

During,peak time increases increases in order to meet the demand of the customer. 

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