Franchising vs. licensing
Licensing and franchising are sometimes confused to be the same. But they are different, in simple words licensing typically deals with the businesses of products … Read more
Licensing and franchising are sometimes confused to be the same. But they are different, in simple words licensing typically deals with the businesses of products … Read more
Horizontal integration is when a business acquires/merges with another business operating at the same level in a value chain. Generally, such integration aims to grow … Read more
Definition of corporate governance Corporate governance refers to a system of governance. It aims to monitor and control strategic aspects of the board activities, decision … Read more
Dealing with a bad manager can be a serious mental hazard. All the time, your boss prefers his favorite subordinate who also exceeds the deadline … Read more
People often put off their business idea because bookkeeping and accounting scare them. We understand it can be tough and technical to do tax and … Read more
Definition Target costing is a systematic way to set product price. It considers the current market price and desired profit to set production cost. It … Read more
Definition Company infrastructure refers to the structure of services, facilities, and procedures/policies used by a business. In fact, the foundation of business is based on … Read more
Definition Feedback control is a control system that relies on feedback for analyzing the discrepancy between actual and desired performance so that improvements can be … Read more
In this era, choosing a right field for study can be a tough thing. Many people will advise you to follow your passion. The problem … Read more
Businesses operate in different forms including sole proprietorship, partnership, LLC, and corporation. A corporation is the highest form of business organization that involves the greatest … Read more
Definition of corporation The corporation is a separate legal entity. It is considered a legal person who can hire employees, sue, be sued, pay taxes, … Read more
Discrimination witnessed by the employee in HR practices can generate many negative outcomes for the employee as well as for the company. To overcome this … Read more
Definition A bonded warehouse is licensed warehouse in the country where imported goods/products can be stored without paying import duties and taxes. It’s important to … Read more
What is Compensation and Benefits? Compensation, sometimes referred to as remuneration, is a frequently used term in HR to refer the monetary rewards given to … Read more
Bank signature card plays important role identification and authorization of banking activities. Frauds and gambles, crimes, and criminals are quite common in every industry since … Read more
If you are opting for a career in the growing field of HR, then conquering the following skills would get you to speed up your … Read more
Inventory ordering cost is a cost that is incurred when an entity places an order to acquire inventory from suppliers. This cost doesn’t only include … Read more
Definition Cost element refers to the cost incurred on the purchase of resources; these resources are used to run the business’s production. The concept of … Read more
Service level agreement is the level of service agreed between the vendor and the buyer. The agreement includes matrices for the performance measurement and the … Read more
Definition: Due diligence is the systematic and structured analysis of investment decisions to mitigate the risk. It’s performed with strategic, operational, and financial perspectives to … Read more