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Sole Proprietorship: 15 Features, Advantages, and Disadvantages
A sole proprietorship is the most basic business form where an individual owns and runs a business. A sole proprietorship can also be referred to as individual entrepreneurship, sole trader, or...
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Monopolistic Competition: Meaning and 10 Important Features of Monopoly
It is difficult to define the words monopoly and competition separately as both are quite common and frequently used terms in the business world. However, the meaning becomes more complicated and...
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Mixed Economies: Meaning, Types, Advantages, and Disadvantages
A mixed economy is that economy which includes the aspects of more than one economic system. A mixed economy contains both government-owned and privately-owned enterprises or is a combination of the...
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Joint Venture: Meaning, Objective, Feature, Advantages, & Disadvantages
The joint venture is a commonly used word in the business environment. A joint venture is a business arrangement where two or more companies get into a temporary legal partnership. The purpose is to...
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Commoditization: Meaning, Examples, and How to avoid Commoditization
A good can be referred to as commodity when it can be interchanged easily with other goods of the same type. Therefore, Commoditization can be defined as a process in which commodity with unique...
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Competitive Strategies: Concept, Limitations, and the Importance
The generic strategies described by Michael Porter are essential to explain how a company e uses its competitive advantage to compete within a similar industry. Therefore, Porter suggested that the...
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The Economic Cycle: Stages, Causes, Examples, and Features Explained
The upward or downward movement of GDP or gross domestic product around a long duration trend of growth is called an economic cycle. It is also termed a business cycle or trade cycle. This fluctuation...
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Unity of Direction: Meaning, Role, Benefits and Importance
Do you know about the best technique of motivating the workforce to work with uniformity and coordination to accomplish the common objectives of the company? – Unity of direction ensures this in an...
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Unity of Command: Meaning, Example & Its Importance
Being accountable and answerable to more than one supervisor is never liked by the employees. Unity of Command is the one business management theory that resolves this issue. When it comes to managing...
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Contingency Plan: Meaning, and How to create a Perfect Contingency Plan
Businesses may or may not face some emergencies, positive events, or unwarranted situations. Contingency plan empowers businesses to deal with all such circumstances without hampering the successful...
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How to Write the Best Blog Posts For Your Audience That Get Tons of Traffic
Have you ever wondered how top-performing bloggers consistently publish exceptional posts? While their work may look like magic, it doesn't happen by accident. They have processes that help them work...
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Buffer Stock: Meaning, Methods and Examples
Buffering stock means the excess amount of goods that are used to manage the price fluctuation and unpredictable emergencies which occur in the market. What is a common practice to keep a buffer stock...
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What are Close Ended Questions? Examples of Close Ended Questions
Have you ever come across a question where there is no possible answer than Yes or No? Well, there might be a chance that you have come across the amazing close-ended questions. There is no doubt that...
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The 5 Pillars Of Marketing
Marketing plays an important role in the success of a business. The main role of marketing is to establish a relationship with the customers, understand their needs, and to satisfy them. Earlier,...
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Business Model: Meaning, Key Components and Types
Do you have an idea for a small business that you want to create? Well, in that case, do you think you are all set? We say that if you don’t have a business model, then you are not set. Yes, you heard...
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Current Assets: Definition, Components, formula and Calculations
Are you familiar with the term current assets? These are some of the most common terms which are used by people who are into the business front. If not, then you are in the right place because we are...
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Welcome Emails: What it is, How to Create one, Tips, and Examples
Do you know how you can create a good impression on a new subscriber who just joined your email list? – And the answer is by using the right kind of welcome email. In this post, we will be learning...
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What is Social Proof? How can you use Social Proof for Conversions?
If you have been using the internet for a very long period, then you have probably heard of the term social proof. We hope that you know a little bit about it as well. If not, then you have come to...
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Recycling Content: Know what it is, the Advantages and How to do it
Have you ever heard about recycling content for marketing? There is no doubt that you need to know about recycling the content because you will be missing out on so many different opportunities in...
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10 Best WordPress LMS Plugins to Create and Sell Courses Online
If you want to use your WordPress site to create and sell online courses, WordPress LMS Plugins will be highly useful for you. LMS plugins are a boon for experts, bloggers, entrepreneurs, or...
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