A fragmenting market is one where there are many generally small and medium-sized companies competing within the same commercial or industrial sector. So, as there is much business within the competition, none of them can be considered to have important participant within the market, as a result, none has power in setting the price of … Read more
Laissez faire is a phrase originated in France in the eighteenth century and means let them do or let them work freely. It was used formally for the first time by Vincent de Gournay, who was an economist French, since it preceded the Physiocracy school of Economy. Initially, it emerged in France as a rejection … Read more
Quality assurance in its broadest form can be defined as the set of actions that companies take in order to deliver goods and services to consumers with the expected level of quality. Applying a quality assurance system creates trust and security to Business that your products will meet the appropriate conditions of expected quality. Consequently, … Read more
The values of a company are the principles that govern its mission, vision and commitment to its customers. One of the statements made by companies, in addition to their mission and view, are their values. These are based on the company’s reason for being and its objectives. For example, one of Coca Cola’s values is … Read more
Business consulting is organizational advice in management fields, which allows improving the efficiency and competitiveness of the company, through the implementation of best practices and work systems. Organizations are changing and go through for different situations in which they need an outside look on their processes, in order to analyze them objectively, make a diagnosis … Read more
A consultant is a professional specialist who advises companies in solving problems that could not be solved internally. Organizations are constantly facing problems, adversities and questions about the market, the processes and their products, and sometimes the experience of their professional team is not enough to solve them, so they need to hire an expert … Read more
The commercial area is one in which companies deploy sales strategies, marketing, Public relations and all those efforts to reach the best position in the market. The commercial area is present in all organizations and is responsible for selling, promoting and positioning products in the market. Their functions are present from the market study, to … Read more
A client portfolio is a select group of people with common characteristics regarding income and consumption behaviours, which allows companies to design and offer them new business opportunities. In the commercial field, a key tool is the client portfolio. This denomination responds to the fact that the “portfolio” belongs to a person, in this case; … Read more
The types of market They refer to the different ways in which markets can be classified according to different variables. Above all, to make any classification of the market, the first thing we must clarify is that a market, in general, is related to a set of buyers that form the demand of a good … Read more
The types of remittances are the ways in which remittances can be classified according to how they enter a country and its payment process. The channels through which remittances can be transferred are very varied, you can be sent through: Banks Money transfer services Credit associations Hawala Companies Check by mail Friends or family Informal … Read more
A market segment is a group of consumers that have homogeneous and common characteristics to meet a need. We could also say that it is the group of consumers that shows certain very similar buying habits, which help the marketing to plan strategies that allow it to better respond to the satisfaction of the need … Read more
The types of sellers are the different person profiles that ensure that the final purchase by the customer is made. Selling is essential for the vast majority of companies. If you do not sell, as a general rule, you do not generate income. You need to sell books, shoes, food, reports, designs or ideas. Sometimes … Read more
The types of sales are the different ways in which a purchase can be made by the customer. In the past, the only way to buy merchandise was physical. The buyer approached a fair or an establishment, said what he needed, paid and took the merchandise. With the evolution of transport (ships, trains, cars and … Read more
The de facto separation it supposes the cessation of the coexistence of the spouses, before being able to process a legal separation or a divorce. Unlike the “right” separation, de facto separation does not imply following the procedures established as of Article 81 of the Civil Code nor is it legally recognized. However, it does … Read more
The problem of tax evasion is as old as the taxes themselves. Its explanation and the determination of the mechanisms to reduce it are of vital importance for any country. So much so that in the economic literature there is already a sub-frame called the economics of tax compliance or non-compliance, although it has also … Read more
This work was developed by the quality group of the Desoft Sancti Spíritus Computer Applications Company and as a result of the intense work of quality tests and reviews of software which have been developed in the last 2 years. The main objective of this research is to carry out an important analysis of the … Read more
Have you ever wondered what creative people have in common and how to identify them? If you have a company, you would surely like to be able to identify people with innovation capacity and create something authentic to achieve business success, but there is very little research on what makes one person more creative than … Read more
USD money The U.S. dollar is often abbreviated as “USD” in the world of currency trading, the official United States Currency. In a world of many different currencies and symbols, the simple acronym USD which means “US Dollar” is easy to understand by currency traders. The international currency market (or FOREX market) is the largest … Read more
What is flexibility? According to the dictionary of the Royal Spanish Academy, being flexible means having “… willingness to bend easily” and being “… susceptible to changes or variations according to the circumstances or needs ”. That is to say that flexibility is the condition of those things, persons or ideas that, instead of being … Read more
What is the existence? According to the Spanish Language Dictionary, the existence is the reality concrete and tangible of anything, in opposition, according to Western philosophical tradition, to its essence: its abstraction, its concept. In fact, the origin of the word itself seems to point in that direction, since it comes from Latin existentia, formed … Read more
What is the usufruct? The usufruct is the real right of enjoyment or enjoyment of a good that does not belong to us, that is, of an alien thing. This translates in legal terms to the possession of the thing, but not to its property. In conclusion, the usufruct is the right to use and … Read more
A put option is a put option. Gives the buyer the right (but not the obligation) to sell an option asset to the seller in the future at a pre-determined price. The owner or buyer of a put option benefits from the option if the underlying asset falls, that is, if when the expiration date … Read more
Net sales is an accounting element that represents the sum of all sales made by a company of a good or service, either in cash or on credit, discounting returns, bonuses or reductions for commercial sales. Therefore, they are income for companies as a result of their activity, discounting effects that reduce the gross base. … Read more
An accounting adjustment is a regularization that the company has to do, usually at the end of the year, to correctly allocate income, expenses, assets and liabilities to their corresponding fiscal years. They are necessary accounting corrections to obtain the accounting result correctly. Although the accounting adjustments affect both assets and liabilities and income and … Read more
Tariff barriers are restrictions on the external trade of a country, through taxes on the export and import of goods or services by a country or an economic zone. These taxes are known as tariffs. Tariff barriers are a brake on many businesses as they increase the price of the good that is going to … Read more
Regulatory economics is responsible for proposing recommendations, policies and actions based on subjective personal judgments or on “what should be.” For this it is based on economic theory. Normative economics identifies what objectives are desirable and then apply knowledge of the positive economy to achieve them. The choice of objectives depends on the ethical and … Read more
What is a scheme? Scheme is a graphic representation of the association of ideas or concepts that are related to each other, and between those that establish hierarchy relationships. In a scheme there is usually a main idea that is associated with others of lower rank, but which are indispensable to understand what is being … Read more
There is much talk about best online banks and the Revolut card. To better understand what it is, we wanted to inquire about this British company and give our opinion of Revolut after having tested his card and disengaged all its services in detail. In this review of revolut we will try to cover the … Read more
The second industrial revolution is the period between 1850-1870 and the beginning of the First World War in 1914. It was a period markedly marked by vertiginous social and economic changes since the industrial process accelerated and, therefore, the changes and rhythms of life of society also changed. There is no break or break between … Read more
To make a international bank transfer Besides of International Bank Account Number or WERE GOING, BIC (Bank Identifier Code) or also called SWIFT (Society for Woldwide Interbank Financial Telecommunication) is also required. The SWIFT code is an alphanumeric code that has helped facilitate international transaction processes What is a bank’s BIC or SWIFT code? The … Read more