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How to Start a Retail Busines? (Complete detailed steps)
You can turn your dream of retail business into reality if you take the right steps in the right direction. You are essentially required to put a lot of hard work initially to set up your own...
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Decision Matrix: Meaning, Examples, and How to use a Decision Matrix?
A decision matrix is defined in simple terms as a table that helps to evaluate a set of criteria against a set of options. It is generally used for quantitative scoring for alternatives based on a...
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Marginal Benefit: Things to consider in Marginal Benefit, and Examples
Marginal benefit in simple terms is defined as the uppermost amount a customer is willing to shell out for an additional service or product. It can also be described as the extra utility or...
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Interview Clothes: Tips on Wearing the Right Interview Clothes
You must have heard a hundred times that it is the clothes that make a man. Believe me; it is correct as it is your appearance along with your clothes, footwear, and accessories that create the first...
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How to get a Disposable Phone Number?
The definition lies in the name itself as the disposable number is one which a user can easily dispose of. It is a short-term number that is used on a provisional basis. There have been times when...
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What Are Disposable Phone Numbers?
Every one of us has watched thrillers and investigative series on television and heard about burner phones and disposable numbers. It looked so cool when the lead actor used to make a call through a...
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Research Design: Experimental and Non Experimental Research Design
The research design is defined as a collection of a set of methods which are used to collect and analyze the various variables which are present in the research problem. There are different methods...
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Departmentalization: Meaning, Objectives, Types, Examples & Advantages
Departmentalization is defined as a process that groups activities into different departments. These departments are created so that tasks can be performed by specialization within the organization....
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Matrix Organization: Structure, Types, Examples, and Advantages
Matrix organization is defined as a complex structure implemented by business organizations. In most cases, the business entity follows a hierarchy system but here, the reporting relationship is set...
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Retail Marketing Mix and the 7 P’s of the Retail Mix
Retail marketing mix refers to the variables that a retailer can use in variable methods to arrive at an effective marketing strategy to attract his prospects. The variables are the varieties of...
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What is Page Speed? 8 SEO Tips to Increase Page Speed
To understand Page Speed, you need to understand the interaction between the web browser and website hosting servers. ‘A web page or media content is displayed on the requesting web-browser after...
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Difference Between Organized and Unorganized Retailing
The term retail stands for selling goods from a particular location. In the process of retailing, the job of a retailer is to play the role of facilitator between a manufacturer and a consumer....
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Capacity Planning: Meaning, Strategies, Importance and Procedure
Capacity planning is defined as a method to gauge the production capacity needed to meet the changing product demands of an organization. Two terms of design capacity and effective capacity are used...
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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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The 6 Features of Centralization: Its Advantages and Disadvantages
There are two ways to operate an organization one is centralization and decentralization. These two processes are opposite to each other. In centralization, the authority to make important decisions...
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The 11 Features of Capitalism: Its Advantages and Disadvantages
Capitalism is an economic system where individuals and firms have the right to own properties like farms and factories etc. privately and they can use them freely to make profits. To make profits,...
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The 10 Most Important Features of Business you should know
A business transaction is defined as any activity that is performed to earn a profit. The definition of business can also include manufacturing of product and sending them to the customers and also...
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8 Features of Bureaucracy: Advantages and Disadvantages
Bureaucracy is defined as the organization and its administration that handles the everyday transactions and business of a society or a government. The term bureaucracy has its origin in France and...
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Top 9 Important Features Of Accounting everyone should know
Accounting is defined as a process of record keeping of all financial transactions in a business. In business, every transaction is expected to be recorded. Every business has multiple transactions...
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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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