The Pareto chart is based on the research of Villefredo Pareto. He found that roughly 80 percent of all the wealth in the Italian cities he investigated was owned by only 20 percent of families. The Pareto principle has been found to apply in other areas, from economics to quality control. However, Pareto charts have … Read more
If you are immersed in the world of SMEs, you must be clear about the definition of business development. Knowing this will allow you to focus much better on the objectives of your company to contribute to its growth and positioning within the market. Notes on the definition of business development When we talk about … Read more
Net sales and gross sales are variables defined from the total sales volume, the differences are really subtle but substantial between the two. Before going into the matter between what one and the other are, it is important to emphasize that these variables are simply measurement elements in financial accounting. And at no point do … Read more
The unit cost calculation is especially useful for companies that produce or market a large number of the same item. The unit cost serves as an input for other calculations such as the profit per unit, the comparison with the sale price, the breakeven point or simply to be compared with the budgeted cost and … Read more
Discipline, meticulousness, extreme asepsis, attention to detail, elegance, protocol and good service, accompany the capacity and the kitchens of the best restaurants. All this level of demand requires that the organizational structure or administrative structure of a restaurant be clearly defined and with precise and fully executed functions by each of its members, from the … Read more
The print media are traditional magazines, newspapers or newspapers and even books and encyclopedias. The first two, the most common, are information and advertising media. They all go through an editing and printing process. These printed means of communication are a legacy of antiquity, since millenary cultures disclosed their life, laws and customs in codices, … Read more
Financial information offers a case study in how a company prepares and publishes its economic data. Investors, regulators, and the general public rely on financial information to assess the condition of the company. The income statements and balance sheet help corporate financiers to lift the veil on the profitability and solvency of companies. Definition A … Read more
The discounts are one of the most used promotional strategies to achieve sales goals and increase market share. The discount creates the mental image that a product is being purchased at the best price for a limited time, which stimulates purchase intention in the short term. However, before calculating a discount and offering it with … Read more
The organizational structure of a hotel is a comprehensive plan of the hotel owner to define departmental activities and responsibilities. This structure puts order in all aspects of the establishment’s operation, from reception and room service to the human resources department. Organizational structures for a hotel are necessary to ensure maximum profitability from each room, … Read more
As long as a promissory note is valid, the borrower is responsible for repaying the loan as agreed. However, there are certain provisions that can cause the promissory note to void and prevent it. It is important as a lender to follow the necessary policies and procedures to ensure that the promissory note is, in … Read more
The effective capacity and efficiency are two measures used to evaluate the performance of a company at the level of its production operations, storage or receipt of goods and services in a given period of time. In itself, effective capacity is a way of expressing the level of use of the company’s installed capacity, that … Read more
Right now we will tell you what a commercial reference is for in a credit application, credit applications for companies are very similar to those for individuals. The potential lender wants to make sure the business is financially healthy enough to pay off its debts. When filling out a credit application, a company may be … Read more
The five marketing principles include what is commonly known as the four Ps, plus another 5th: product, price, promotion, place and people. The marketing industry dictates that without these elements, a complete and effective marketing plan is impossible. To ensure success in any business, a mix of these five principles must be understood and carried … Read more
The discounts on the price of an item is a type of sales promotion traditional and very effective if properly planned. The immediate purpose of a commercial discount is to boost the sales of a certain product or service, a discount also allows to increase the client portfolio, make inventory management and the operating cycle … Read more
The simple answer to such a question is No! The land is not amortized from an accounting point of view. A land may suffer some deterioration due to erosion, landslides, abrupt change of the relief product of landslides, subsidence or continuous floods that can affect its value or devalue in its entirety, but it is … Read more
Renting a second apartment or house is one of the most used operations worldwide to obtain a stable monthly income. Although owning properties is in itself a protection against inflation, when they are unoccupied they originate maintenance expenses that can only be avoided by renting the property to a third party. In this way, the … Read more
Linear regression analysis is a method of analyzing data that has two or more variables. By creating a “best fit” line for all data points in a two-variable system, the values ​​of y can be predicted from known values ​​of x. Linear regression is used in business to predict events, manage product quality, and analyze … Read more
What is International Banking? International Banking, also called Cross-Border Banking, is the name acquired by financial institutions that promote or encourage the use of their products by foreign clients. In other words, International Banking allows foreign customers, both companies and individuals or individuals, to use its services with exceptional and flexibility in requirements, taxes, fees. … Read more
Imagine that you are making a payment in a store with your debit card and the seller informs you that it has been denied. Quickly, you make a mental sum to make sure you have sufficient funds and, in the meantime, you pay with your credit card to avoid delays at the checkout. At the … Read more
A powerful tool for situational analysis and strategic approach is the SWOT analysis also known as SWOT Matrix, SWOT analysis. The SWOT analysis has reached nearly half a century of successful application in various fields both academic and business. Widely used under the managerial approach of situational diagnosis and strategic analysis along with other tools … Read more
CVV2/CVC2/CID is a security feature for transactions where your credit card is not physically present. It is a three or four digit value which provides our payment system with a check of your credit card’s authenticity. The terms are generally used interchangeably. CVV2 stands for “Card Verification Value 2”, CVC2 stands for “Card Validation Code … Read more
Adults Starbucks’ primary target market is men and women ages 25 to 40. They account for nearly half (49 percent) of its total business. Starbucks appeals to this age group of consumers through contemporary design that is consistent in its advertising and decor, and works to keep its current products as status symbols. Clients tend … Read more
EMS is the acronym for Express Mail Service or Express Mail Service . The international postal service for both documents and merchandise. EMS is a type of international shipping service in which we work with the postal service of each participating country to deliver international or domestic packages. We must remember that the postal service … Read more
The radio spot, ad or wedge, are powerful words or catchy jingles that take as much attention as possible from consumers. The radio script is one of the essential tools of the advertising announcer, and it should always be extended for a short time, from fifteen to thirty seconds, in which all the basic information … Read more
A competitive salary ensures that a worker is paid at market rates on a job. Several criteria are taken into consideration when mentioning a competitive salary. Criteria include what workers in the same company do, cost of living adjustments, cost of workers in related industries, hours worked, and mandatory training requirements. Company comparison A competitive … Read more
A non-profit organization is formed for the public good. Non-profit organizations are usually formed for religious, charitable, or educational purposes. Instead, Profit organizations can be formed to conduct a variety of legal businesses. The main reason for forming a for-profit organization is to make a profit for the owners of the company. Use of earnings … Read more
A cooperative is a business or housing development that is owned by its members. These members have the responsibility to vote for other members, even if the company is still publicly traded. If you are considering joining or starting a cooperative, it is important to consider the advantages and disadvantages before doing so. Advantage: Cost … Read more
The hierarchical structure is a type of organizational structure that defines the chain of command in a company in hierarchy levels. It is proven, through theories of organizational behavior, that the more levels the hierarchical structures have, that is, the more pyramidal it is, the more bureaucratic, slow, inflexible and heavy the company becomes. In … Read more
Overview A socially responsible company voluntarily acquires commitments with society so that it reverts to the community what it has contributed to the company. It is the responsibility of consumers to favor these companies over others since they take more care of their workers and therefore of the whole of society. But there are companies … Read more
The objective is defined as a goal to be achieved for which certain means and resources are available. Generally, the achievement of an objective implies the overcoming of obstacles of greater or lesser magnitude. When we talk about the objectives of a project, we refer to the ends to which the activities that must be … Read more