First of all, we have to define data; data is a raw form of unprocessed information. Data analysis, on the other hand, is the process of finding and developing patterns and relationships among different variables. So that it could make sense and help us in the decision making. The question arises in our mind that how to perform data analysis, …
Why customers prefer one brand over another? How do you know about the companies’ promos and deals? How a company makes an apology and issues a recall for unsafe or defective products? It is all about a company’s effective communication strategy that customers know about products and services. It shows the importance of communication. That is why companies invest in …
Whether it’s a big business project or small, when it comes to making a decision, or you have to choose one option out of many. Then it’s not always easy. However, data analysis is a great process of analyzing piles of data and extracting the most relevant information from it. So that it would make a good choice. Today we’ll …
What is Dropshipping? Dropshipping is the process where the seller doesn’t keep or own the stock and inventory like a retailer; instead, the store buys the product/service from the third-party, wholesaler, manufacturer and get it delivered directly to the customer. How Dropshipping Business Works The difference between ordinary retailing and Dropshipping is that the store or the seller does not …
What is Business to Business? Business to business or B2B is a business model when a company sells its products and services to another company’s customer for further processing and then reselling it. In simple words, one business sells its product/service to another business. The reason B2B is different from business to customer (B2C), where a business sells its product/service …
As we know that entrepreneurship is about starting a new venture to gain profit, even though it involves a significant amount of risk, but the entrepreneur takes the risk. Launching a new business is a very common example of entrepreneurship. There are different types of entrepreneur ranging from small businesses to multi-level organization who starts from zero. Simply speaking it’s …
What is PEO? Professional employer organization (PEO) is an outsourcing company that offers services like HR, payroll, risk mitigation, training, learning and development, employee’s compensation and insurance, workforce management technology, taxation and filing, compliance assistance, health and benefits, retirement vehicle, employers practice, and liability claim. In simple words, it offers its services to small businesses, where the small business and …
What is Coworking As the name implies coworking means working together; it is not just limited to sharing offices, stationary, and workspace cost. It is the place where you have a sustainable environment of collaboration, productivity, and a sense of community of the like-minded people. It’s something which you usually see and feel in the environment of corporate offices. The …
Business is an economic activity of sale and purchase of goods and services; which a business person performs to make his living out of it. The gape or margin between sale and purchase is profit; which is usually the main concern of any business person. The bigger the profit margin is, the more interesting it would be for the businessman. …
Business competition is the race or rivalry among business competitors that are competing in the same niche. The purpose of competing with one another is to increase the revenue of the business by increasing the sales and market share. If you’re in the business market, then you should be familiar with the strength and weaknesses of your own business, and …
