The chances of loss in the business or investment activities is always high. Businesses and investors invest huge capital in their activities to sustain and extract profit from the activities. At times the loss of a major investment, customer, supplier, or income source is more easily compensated form future profits. So, here’s how to deal […]
business
How Responsible Business Manage Wartime Crisis?
In a wartime crisis a responsible business must manage to be more than business. Even if your business is not in the geopolitical regions of the war zone, you should definitely read this. Because, there is a high chance your business will be affected by the crisis.
5 Important Roles a Leader Should Manage
As a leader you will realize you have multiple roles to manage and each type of leadership role serves in a specific capacity to add value. These roles a leader takes upon are meant to influence, mediate and inspire people towards the dream and greater good. So, here are some of the multiple roles a […]
What Is Inventory Costing and 4 Inventory Costing Methods?
Inventory costing, also called inventory cost accounting, is when companies assign costs to products they have in inventory. These costs also include incidental fees such as storage, administration and market fluctuation.
7 Ways Branding Can Help Your Business
Beyond just a memorable logo, good branding help business by increasing the value of a company. Further provides consumers with direction and motivation, and makes acquiring new customers easier. So what exactly is a brand? A brand represents the sum of people’s perception of a company’s customer service, reputation, advertising and logo. And when all […]
How to Choose the Best Location for Your Business?
Choosing a best location for business is the key to the growth and success of your business. Become aware of what counts as best location and how it all works so you can be a successful business.
How to Use Colors to Influence and Drive Up Sales?
Do you know? Colors can influence and drive up your sales! Whether we realize it or not, colors play an important role in both the conscious and subconscious decision to purchase a product. This is because colors have the ability to make us feel a certain way and in turn, can trigger us to buy […]
4 Foolproof Sales Tactics to Make a Sale in Business
To execute a foolproof sales tactics to make a sale in business. You need to understand people are emotional buyers, and tend to purchase something on how it feels rather than the logic behind it. Understanding the basic psychology of your customers will make your sales and deals far more successful.
What Are the Classification of Business and Its Activities?
All business ultimately are a classification of one or both of two categories. These are industry and commerce. Industry relates to the creation of goods and services. Commerce relates to the act of trading goods and services.
3 Basic Types of Business Activities
Business Activities is any activity related to the purpose of making a profit. It is often divided into operating activities, investing activities and financing activities. Of these! The operating activities tend to be considered the most important as they have the most direct impact on a company’s performance.