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 […]
profit
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.
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.
How to Run a Business Effectively?
As a business, you are at a disadvantage, because your resources are a lot more limited. But you have a priceless advantage in ability to change course and adapt far quicker and run a business effectively.
What are the Core Concept and Characteristics of a Business?
Learn about the Concept and Characteristics of Business; You will understand we have been amidst businesses for as long as we can remember. It is absolutely not an overstatement to say that everything that surrounds you is business. From your computer screen to the chair you sit on, everything is a chain of business.
The Ultimate Guide to Business Risk
Business risk can be defined as uncertainties or unexpected events, which are beyond control. In simple words, we can say business risk means a chance of incurring losses or less profit than expected. These factors cannot be controlled by the businessmen and these can result in a decline in profit or can also lead to […]
Why Does Business Need Multiple Objective?
As per modern thinking, business needs to have multiple objectives. For instance, primary objective of business is generally believed to be profit earning. However, consistent and sustainable profit can be earned only if the business is performing useful services to the society. Following only one objective cannot lead business towards excellence.
7 Basic Characteristics of Business We Should Always Remember
Characteristics of Business refers to activity in which a business regularly trades with an objective of earning profit. The activity may consist of production or purchase of goods for sale; or exchange of goods or supply of services to satisfy the needs of other people in the society.
How to Create the Perfect Cash Flow for Your Business?
Many areas of your business can have an effect on how much cash you have available. By controlling your expenses and increasing your profits, you can improve your cash flow.