Compliance is the process of adhering to a set of rules and standards in order to ensure the smooth operation of an organization. The compliance…
The Business category consists of detailed articles on Business Management and is a great place to start your Business Journey.
Consignment Inventory – Definition, How it works and Advantages
What is a Consignment Inventory? A consignment inventory is an arrangement in which the consignor (a vendor or wholesaler) agrees to give their products to…
Deliverables – Definition, Meaning, Importance and Types
What are Deliverables? Deliverables are any result, product, or service that is produced or provided as part of a project. Deliverables can be tangible (something…
Delivered Ex Ship (DES) – Definition, Meaning and Examples
What Is Delivered Ex-Ship (DES)? Delivered ex-ship is a delivery term in international trade where the seller completes their obligation to the buyer when they…
Delivered at place (DAP) – Definition, Meaning, Advantages
What is Delivered at Place or DAP? Delivered at place (DAP) is a delivery agreement whereby the seller agrees to pay all transport and delivery…
Doing Business As (DBA) – Definition, Meaning and Filing Process
What is Doing Business As (DBA) Doing business as DBA is a fictitious business name that a person or business entity uses instead of the…
Domestic Corporation – Definition, Types, Advantages and Examples
What is a domestic corporation? A domestic corporation is a company incorporated in its home country. A domestic firm is frequently taxed differently than a…
11 Duties of Directors of a Company
What are the duties of directors? The duties of directors are set out in the Companies Act 2006 and include promoting the success of the…
Duty of Care – Definition, Role and Examples
What Is Duty of Care? Duty of care is a legal term that describes the responsibility to avoid harming others. All people are expected to…
Commerce – Definition, Meaning, Elements and Business Models
Commerce is the exchange of goods, services, or something of value, between businesses or entities. Commerce is often seen as one of the fundamental pillars…
Delivered Pricing – Definition, Methods, Advantages and Disadvantages
What is Delivered Pricing? Delivered pricing is the price of a good or service that also includes the transportation cost. It is a type of…
Delivered at Frontier (DAF) – Definition, Meaning and Usage
Delivered at frontier (DAF) is a term used in international trade that indicates that goods are delivered to the buyer at the border of the…
Delivered Duty Paid (DDP) – Definition, Meaning, Responsibilities and Differences
Delivered duty paid (DDP) is a delivery Incoterm where the seller is responsible for paying all costs and risks associated with delivering the goods to…
Delivered Duty Unpaid (DDU) – Definition, Meaning and Usage
Delivered Duty Unpaid (DDU) is a term used in international trade to indicate that the seller is responsible for delivering the goods to the buyer,…
Demand Chain – Definition, Challenges, Pros and Cons
The demand chain is the set of processes and activities that a company uses to generate, track and fulfill customer demand. It starts with market…
Delivery Order (D/O) – Definition, Meaning and Importance
A delivery order is a legal document that authorizes the transportation of goods from one location to another. The order is typically issued by the…
Delivery Note – Definition, Types, Template, and Examples
The delivery note is a document that lists the items delivered, their quantities, and other important information about the delivery. A delivery note is a…
Business Tax – Definition, Meaning, Types and Calculation
What is the Business Tax? Business tax is a tax on the business income. It is a tax on the profits or capital of companies…
Conglomerate – Definition, Benefits and Examples
A conglomerate is a large, diverse company made up of many smaller businesses. Conglomerates are often composed of companies in different industries that operate in…
Consignee – Definition, Example and Types
A consignee is an individual or organization to whom consigned goods are delivered. The consignee is responsible for receiving the consigned goods and making sure…
Consignment – Definition, Advantages and Disadvantages
A consignment is a shipment of goods that are consigned, or entrusted, to a carrier. The consignor (the owner of the goods) entrusts the consignment…
Churn Rate – Definition, Advantages and Examples
Churn rate is the number of people or the rate at which people or customers stop buying products from a particular brand, business organization, or…
Collective Responsibility – Definition, Meaning and Examples
Collective responsibility is the idea that organizations, groups, and societies are responsible for the actions of their members. Collective moral responsibility is a concept that…
Company Formation – Definition and Process
Company formation is the process of forming a firm legally with the UK’s Companies House – the Registrar of Companies. It takes place through the…
Common Carrier – Definition, Importance and Types
A Common Carrier is a person or company who transports goods or people for a company or individual. Common carriers are usually regulated by governments…
Commercial Law – Definitions, Types and Skills
Commercial law is the body of law responsible for governing the way business firms interact with one another along with b2b transactions, employee contracts, other…
Burn Rate – Definition, Calculation and Limitations
Burn rate is a calculation used to describe how quickly a startup firm spends its venture funding on overhead before generating positive cash flow from…
Business Markets – Definition, Characteristics and Types
The business markets are the platforms and processes of offering your goods and services to other businesses in order for them to be used as…
Chief Executive Officer (CEO) – Roles, Responsibilities and FAQs
Chief Executive Officer (CEO) is the title of the highest-ranking corporate officer or administrator in charge of the total management of an organization. The CEO…
Chain Store: Definition, Types, Advantages and Disadvantages
A chain store is a retail outlet that is part of a larger company and sells the same or similar products as other outlets in…
What are business metrics? 6 Important Metrics To Track
Business metrics are quantitative measurements of a company’s performance in specific areas of its business operations. Business metrics can be financial or non-financial in nature,…
Data Warehousing – Definition, Types, Advantages and Disadvantages
Data warehousing is a process of collecting and managing data from various sources to enable more effective decision-making. Data warehouses provide a central location for…
Brinkmanship – Definition, Examples and Tips
Brinkmanship is a negotiation style in which one party tries to achieve favorable outcomes by letting a situation reach the brink of disaster before finding…
Business Analysis – Definition, Techniques and Role of Analyst
Business analysis can be understood as a research discipline that helps you in finding the business needs and identifying solutions to a variety of business…
Business Design – Definition, Importance and Features
Business design is a process of designing a profitable business model by incorporating design thinking to put customers at the center of the design. Business…
Business Management – Definition,Tactics and Styles
Business management is the process of coordinating and organizing business operations and activities. A business management professional is responsible for helping the organization to thrive…
Business Process Management (BPM) – Definition, Importance and Examples
Business process management is the inclusion of methods and systems used for discovering, modeling, analyzing, measuring, improving, optimizing, and automating business processes. Business process management…
Business to Government (B2G) – Definition and Advantages
Business to government B2G is the business model that refers to the relationship between a business and government agencies and institutions. In this, businesses sell…
Brick and Mortar – Definition, Meaning and Examples
Brick-and-mortar is a traditional business model that incorporates a physical store where customers can physically come and purchase the items of their choice. Brick and…
Business Operations – Definition, Importance and Tips
Business Operations are a wide variety of activities that a company does on a daily basis to keep it functioning and profitable. Therefore, businesses make…
