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Determinants of Business Efficiency(Business Intelligence)

Defining business intelligence (BI) The term business intelligence (BI) refers to skills, technologies, applications, practicing for the compilation, assimilation, analysis, management and presentation of business information also at times to the information itself. The solitary objective of the business intelligent is to enhance better business decision making. D.J Power concept for business intelligence The concept Read more

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Product Demand and Supply for Maximum Profits

Every business owner should have knowledge of economics and the law of demand and supply, no matter how rudimentary it may be.In the study of economics, the law of demand and supply states that when demand of a product or commodity increases and the supply stays the same, then prices are expected to go up.In Read more

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Successful Time Management Skills

Time Management is one of the most imperative and controlling tools that a victorious man carries for eternity. Effectual time management entails endurance and realistic assessment. It’s in actuality complicated to deal with time. However once you master the clandestine it will be much simpler. Time management is in fact all about managing your activities. Read more

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Does Bank interest rate affect investment in Business?

The term investment implies different meanings in business management, economics and finance but all are closely related to each other.While the bank interest rate to the consumers is defined as the current rate of return given on the savings. Investment decision plays key role in purchasing assets for business enterprises as they tend to maximize Read more

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Get an Autoresponder and Reach Out to Your Clients Better

The autoresponder is a reliable software needed in any web based business.If you are one of the many online entrepreneurs who have recognized the many benefits in email marketing,you will surely agree that the more people you reach out,the more effective your marketing efforts will be. Moreover,when you answer emails promptly and with the right Read more

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Franchising as a Business Alternative

Franchising is one business alternative for any new entrepreneur.It is also a viable business strategy for an established business or company meant to generate an increased share of the market.A well-known business that has already instituted itself may decide to franchise some of its rights and business systems to a franchisee.This is done with the Read more

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Simplify your Business Life with a Virtual Assistant

Getting a virtual assistant is fast becoming a trend in almost every business today.This is because many businesses have realized how effective this method can be.If you do need a helping hand,why not try hiring a virtual assistant? The advantages are given below: The following shows the benefits of a Virtual Assistant Encourage more output-this Read more

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Interdependency of concepts of Economics and Business

Normally, it is considered that business administration and the economic theories are of different concerns but it is wrong perception.For a successful business administrator not only the business laws but the concept of economics especially the managerial economics also matteres. Whether the decision is about production and distribution, sale and purchase, goods and services, costs Read more