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Commerce Income Tax And Corporate Tax Difficulty: Medium

Setting price on the basis of the competition for the product is known as . . . . . . . . Which one of the following receipts is of revenue nature? Profits can be increased by 1. decreasing the selling price per unit. 2. increasing the selling price per unit. 3. decreasing the volume of sales. 4. increasing the volume of sales. 5. decreasing the fixed or variable expenses. 6. increasing the fixed or variable expenses. 7. giving more weightage for products having higher P/V ratio. 8. giving less weightage for products having higher P/V ratio. Select the correct answer The written insurance contract that may include all clauses, riders and endorsements. It is called? State which one of the following statements is correct