Information on Internet and Business

The reach of technological development has extended to almost all the economic activities. Being the most powerful technological development, internet has many merits for the business world. The most successful business enterprise in the present market is the one who manages the power of online world in right proportion. The internet can help the enterprise to develop the organization by increasing the sales volume, involvement of employees in the market activities and ability of the marketer to take risks by giving more opportunities for study and research. The use of…

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Importance of Selection of Right Product by a Retailer

When a final consumer reaches a shop to get the desired product, the brands and nature of products may vary according to the availability in the shop. This is an important factor which matter the success of a retail shop. It is a widely accepted fact that none of us can satisfy anybody in all means. Similarly, a shop could also have some limitations in the availability of the product which a customer looks for. But it is to be noted that, though the desired product is not available the…

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Nature of Financial Services

There are much type of services in the market like entertainment, telecom, food services, tourism, online services and financial services. Among these, financial services are the one which most of the common people seek for. In fact the nature of these services are little different from that of the others. The services which a finance market can provide are called as a financial service. All the organizations which are the part of financial market and provide the customers services related to the management of money are financial institutions. It includes…

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Important and Various Concepts of Cost

The concept of cost is differently used by different people depending upon the purpose for which they are used. An accountant is always interested in recording the actual cost for determining the business result. An economist is interested in making the use of those cost concepts which help in decision making. Thus, the concepts of cost in each are different. This is briefly explained below. Fixed and variable cost Fixed costs are those costs which remain fixed irrespective of the quantity of output produced by a business firm. Cost of…

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