The ModiglianiMiller theorem (of Franco Modigliani, Merton Miller) is a theorem on
capital structure, arguably forming the basis for modern thinking on capital structure. The
basic theorem states that in the absence of taxes, bank
DEVELOPING AN OPTIMAL CAPITAL STRUCTURE FOR FIRMS.
Capital structure is the mix of debt and equity that a firm uses to finance its operations. The financing or
capital structure decision is a significant managerial decision. It influences the
KUKAGRA MILLERS LIMITED
P. O. BOX 63, NAKURU, KENYA.
GRACE KANGOGO KUHORA.
OLLESSOS TECHNICAL TRAINING
THE KENYA NATIONAL EXAMINATION
UNIT CODE: EAE 100
UNIT NAME: ECONOMICS OF INFORMATION TECHNOLOGY.
JULY 14TH 2015.
Explain product differentiation.
The product differentiation is a process that shows the distinction between products. Differentiation
looks to make a product more attracti