Business Resources

A:

The differences between micro- and macro-marketing pertain to the scope of a business’ approach. Macro-marketing takes a global view while micro-marketing works on a smaller scale.

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  • What Are Reasons Why People Engage in Business?

    Q: What Are Reasons Why People Engage in Business?

    A: People engage in business for several reasons, but the most compelling reason for many is to earn a substantial income. Entrepreneurs have income limited only by the practical opportunities in the marketplace, as opposed to the salary maximum established by an employer.
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  • What Are Some Examples of Pure Competition?

    Q: What Are Some Examples of Pure Competition?

    A: Examples of pure competition include agricultural markets and the Common Stock Market. In pure competition, product prices are set by market demand, not by sellers.
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  • What Do I Do If an Employer Refuses to Pay Me?

    Q: What Do I Do If an Employer Refuses to Pay Me?

    A: Labor and employment law attorney Elizabeth Unrath advises unpaid employees to first gather contact information for the business and then talk to their state's labor board. Failure to pay wages is illegal and considered to be a form of theft.
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  • What Is Meant by a Sustainable Resource?

    Q: What Is Meant by a Sustainable Resource?

    A: According to Merriam-Webster, a sustainable resource is one which is used or harvested in such a way that it is not depleted or permanently damaged. Agriculture is an example of a sustainable resource. Proper management of agriculture allows it to provide food and other resources to the population indefinitely.
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  • Where Can I Find Free and Fun Team Building Games and Activities?

    Q: Where Can I Find Free and Fun Team Building Games and Activities?

    A: The Team Building Directory lists many ideas for free and fun team building games and activities. There are several team building exercises listed by the Team Building Directory which are provided by Fresh Tracks, a company that specializes in creating and offering corporate team building and team building development days for some of the biggest companies in Europe.
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  • What Is Data Processing?

    Q: What Is Data Processing?

    A: Data processing refers to the process of collecting and manipulating raw data to yield useful information. Data processing is also the conversion of raw data into machine-readable form and its subsequent processing by a computer. On BusinessDictionary.com, WebFinance gives a general definition of data processing as the operations performed on data to obtain useful information in the appropriate form.
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  • What Is the Definition of Organizational Resources?

    Q: What Is the Definition of Organizational Resources?

    A: Organizational resources are all assets that a corporation has available to use in the production process. There are four basic types of organizational resources: human resources, capital resources, monetary resources and raw materials.
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  • How Is a Ribbon Cutting Ceremony Conducted?

    Q: How Is a Ribbon Cutting Ceremony Conducted?

    A: Most ribbon-cutting ceremonies involve having a business owner, chamber of commerce dignitaries and maybe some area politicians taking part in a ceremony to launch a new business. Before the actual ribbon-cutting, one or more of the politicians or chamber of commerce dignitaries delivers a short speeches about the good that the business will bring to the local economy.
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  • What Percentage of New Businesses Fail?

    Q: What Percentage of New Businesses Fail?

    A: Although the percentage varies depending on the length of time a new business is open and the industry it is in, the average consensus is that about 50 percent of businesses fail within the first four years of being in business.
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  • What Is an Investigative Consumer Report?

    Q: What Is an Investigative Consumer Report?

    A: An investigative consumer report is a complete report on a person's background that shows his lifestyle, character, reputation and personal characteristics. The gathering of this information includes interviewing his friends, neighbors and colleagues. This report is used to make employment decisions during promotion, reassignment, hiring and retention.
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  • What Is the Commercial Sector?

    Q: What Is the Commercial Sector?

    A: Commercial sector jobs are those that do not include farming, transportation, manufacturing or business. Some examples include restaurants and hotels, healthcare facilities and educational institutions.
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  • What Are the Mandee Store Hours?

    Q: What Are the Mandee Store Hours?

    A: Mandee, which is a junior fashion retailer, is generally open from 10 a.m. to 9:30 p.m. Monday through Saturday and from 11 a.m. to 7 p.m. on Sundays. The store has several locations throughout Pennsylvania, New York and New Jersey. Therefore, hours can vary depending on location.
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  • How Do You Calculate Ending Inventory?

    Q: How Do You Calculate Ending Inventory?

    A: The two methods for calculating ending inventory include the gross profit method and the retail inventory method. The ending inventory is the number of units of inventory that the company on hand at the end of an accounting period. This figure is need for various accounting calculations, including cost of goods sold.
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  • How Do You Respond to a Good Performance Review?

    Q: How Do You Respond to a Good Performance Review?

    A: When an employer offers a positive review of past performance, it is a good idea to respond with gratitude. It can be difficult to navigate office protocol surrounding this situation, as many companies maintain strict gift-giving policies. The way in which a person responds to a good performance review often depends upon the relationship with the reviewer.
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  • What Is an Administration Function?

    Q: What Is an Administration Function?

    A: Administration functions comprise vital parts of an organization's structure, helping the organization to manage resources and people in an efficient manner. Planning, budgeting and organizing are the three primary administration functions in any company, and a lack of quality in any of these is quite often detrimental to the health of the company.
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  • What Is Risk Management?

    Q: What Is Risk Management?

    A: Risk management is a process used by organizations to identify, assess, manage and prioritize different risks associated with operation. After a risk is identified, the risk manager must develop a plan to minimize or reduce the impact of it. Managers must access and prioritize risks in order to prevent potentially damaging events. Depending on the business or organization, there are specific strategies to manage individual risks.
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  • What Are Characteristics of Mass Communication?

    Q: What Are Characteristics of Mass Communication?

    A: Mass communication sends one message to a mass audience and typically does not allow for interaction between the two. Another key characteristic is that it provides the opportunity to influence society by reaching a large audience.
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  • Do I Need a License to Sell Candy?

    Q: Do I Need a License to Sell Candy?

    A: In most locations, a specialty or food-service license is not needed to sell prepackaged candy, but a salesperson may need a health or food license to sell homemade candy. The type of licenses required for any commercial operation depends on the industry and location of the business.
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  • How Does One Give a Welcome Speech?

    Q: How Does One Give a Welcome Speech?

    A: When delivering a welcome speech, you must keep in mind the tone of the occasion. Consider whether the event is a somber or joyous occasion and tailor your opening remarks around that. Ask yourself why the group has gathered, and tailor the rest of your speech around your answer. First greet the crowd warmly, introduce yourself, cite your connection to the host, or list your professional qualifications if it is a business event.
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  • What Is a Presentation Package?

    Q: What Is a Presentation Package?

    A: A presentation package is a software program that provides the resources necessary to give a professional presentation for meetings, lectures, speeches or other similar situations. Displays often include slideshows, and other customization options that can be tailored to the presenter's specific needs.
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  • How Much Would It Cost to Start a Tattoo Shop?

    Q: How Much Would It Cost to Start a Tattoo Shop?

    A: The cost of starting a tattoo shop is widely variable and determined by a number of factors. Some of these factors include renting a space, furniture, and tattooing supplies.
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