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working day
E-commerce, or electronic commerce, is the buying and selling of goods and services online. It has revolutionized the way we shop. We no longer have to wait in line, or search through crowded stores; now all we need is an internet connection and a few clicks of the mouse.
The benefits of e-commer......
1037 
Sophie
Purchasing Power Parity
Purchasing Power Parity
Purchasing Power Parity, also known as PPP, is a financial theory that states that currency exchange rates should equalise the purchasing power of different countries’ money. It can be used to measure price change, compare the cost of living in different countries, and to......
austerity strategy
Compression Strategy
Most businesses operate within a finite set of resources, which limit their ability to finance major initiatives. As a result, companies must often make tough decisions when it comes to how they allocate resources. One strategic approach businesses can take is to employ a com......
McKinsey Client Profitability Matrix
McKinsey Profitability Index Matrix
The McKinsey Profitability Index (MPI) Matrix is a management tool used to assess a company’s profit performance. The index measures a company’s capability to generate economical value. It identifies business value drivers, enabling executives to identify and......
Industry opportunity and threat analysis
Opportunities and Threats Analysis in the Automotive Industry
Introduction
Automotive industry plays a vital role in the development of global economy. According to reports, the worlds automotive industry contributes 3.2 trillion US dollars to global GDP, and accounts for 7 to 8% of the total em......
Exchange gains and losses
Foreign Exchange Gain/Loss
Foreign exchange gain/loss refers to the gain or loss arising from the change in price of one currency against another. Typically, gains and losses on foreign currency transactions are recognized in the profit or loss for the period in which the transaction takes place.......
promise contract
Abstract
This article aims to discuss the importance of a contract in a business setting. Through a detailed examination of the various types of contracts, the considerations that must be taken into account in the drafting of a contract, and the advantages that a contract can bring to a business,......
dinosaur effect
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The Dinosaur Effect
In the mid-1930s, a group of paleontologists made an amazing discovery in Saskatchewan, Canada. They unearthed an incredible variety of fossilized dinosaur bones and skeletons that had remained undisturbed for millions of years. This remarkable excavation would become such a......
global industry competition
Global Industrial Competition
Industrial competition is an important factor for countries to achieve success and development. Competition between nations’ industries provides an opportunity for technological and economic growth. Whether nations are developed or developing, global industrial comp......
minimum wage
A living wage should represent the minimum a worker in a particular region nees for reasonable quality of life, including housing, food and other day to day needs. It is an estimate and measure of what constitutes a basic and reasonable hourly wage for an individual to maintain their financial sec......
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