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What is a Multinational Corporation?

multinational corporationsA multinational corporation can also be referred to as an international corporation. This is the type of company with production outlets in different countries or that sells their products and services in different countries. In the last few decades we have witnessed a huge rise in the number of multinational corporations. Read the rest of this entry »

What is Cenvat?

Cenvat is an acronym for Central Value Added Tax. It is similar in many respects to another type of tax system called Value Added Tax (VAT). Cenvat is used by a lot of European countries and other places such as India. This form of taxation is said to have many benefits over other types of tax systems – in particular it minimizes the cascading effect that occur with other types of tax systems and people feel that it is a lot fairer. Read the rest of this entry »

What is a General Ledger / Nominal Ledger?

An important element of business accounting is the general ledger.This will be something that will be used by all businesses that use a double entry bookkeeping system. The information found in the general ledger is used for creating financial statements and it includes all transactions. Read the rest of this entry »

What are KPIs?

Measurement is important in many areas of business and this is why KPIs are so useful. The area of business that is in most need of measurement is performance because this provides data that can help direct the efforts of the management. If a company does not clearly know if they are performing well or poorly they won’t be able to properly develop a winning strategy for success. Read the rest of this entry »

What is Asset Management?

If you are fortunate enough to have a lot of wealth you will likely benefit from some type of asset management. This is a popular option for the super wealthy and most of the rest of us would be unlikely to need such a service. A firm that specializes in asset management can expect a lot of money for their services, but when they do their job correctly they make bundles of cash for their client.

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What is a Freelancer?

These days more and more people are making a living as freelancers. The rise of the internet has been a great boon for this type of employment. If the trend continues there will likely be a lot more people with this type of employment in the future; it is generally agreed that there are both advantages and disadvantages to this way of working.

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What is eBusiness?

During the last few decades there have been an increasing number of people who make their living from the web. Some of these people will work online and may not even need to leave their homes in other to make money. eBusiness is now big business and like all other ventures of this sort there are losers as well as winners. All the signs seem to be pointing at the conclusion this way of doing business is going to continue to increase in importance – it is certainly no fad as people predicted it over a decade ago.

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What Is Market Positioning?

Most businesses that rely on selling products will work hard at market positioning. In fact there are many experts that would claim that success is impossible without this. We live in a world where there is a lot of competition for almost every product or service you can think of. In order for there to be any chance of success a business will need to be able to find their spot in the market. Unless this is something that is done consciously then performing well will be an upward struggle. These days all the top businesses put a lot of effort into getting their market positioning strategy right; in fact most will invest a lot of money into this.

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