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Mathematically, cash costs have been classified into cash holding costs which increase with increase in cash balance maintained and transaction costs which decrease with increase in cash balance maintained. On an axis of cash costs vs. cash balance maintained, the curves of the costs functions will intersect at a point which the costs are equal and the total costs lowest.
In the end, prices will remain the same, sales increase and costs reduce. Running a business is quite simple and you really don’t have to be avarice. Do you?
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Martin Tairo
As a very creative Architecture student at the University of Nairobi, i have had lots of interests in many forms of arts. These include performing arts, writing and drawing.
I have written many articles on issues ranging from humour, politics, religion and even the most controversial topics like human rights and abortion.
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