Recently Times of India covered a real life story of a budding entrepreneur, Virat an engineering graduate who has launched his company Virat Engineering, a transportation
hires a driver to drive the carrier and salary of driver is Rs. 15,000 per month(fixed). He takes an office on rent for Rs. 8,000 per month. He also incurred the
other expenses like electricity bil Rs. 50,000 and Telephone Bil Rs. 10,000. At hte end
of fiscal year, he found that both the average and marginal costs has increased os he immediately arranged meeting to form strategies to increase profit and reduce cost of the
company.
