Category: Business Basics

Importance of Travel and Tourism Industry

The travel and tourism industry helps a nation in a lot of different ways. Some to mention are gross domestic product {GDP} becomes strong, employment generation, the welfare of citizens is improved, and most importantly local art, culture, and architecture are promoted to others. When it’s said that the travel and tourism sector of India is flourishing, it points to …

4 Uses of Customized Nameplates

Business owners can use nameplates for a variety of purposes that increase functionality, efficiency, and even convenience in the workplace. Nameplates are great products that offer versatility and increase organization and safety. Reviewing the four uses for customized nameplates shows business owners more ways to use the products in their organization. 1. Labeling Industrial Machinery Labeling industrial machinery reduces serious …

Difference Between Financial Risk And Business Risk

Since a firm is owned by shareholders all firms will be mainly interested in its market risk rather than the total risk which is the risk faced by the firm. The firm’s market risk is also called non-diversifiable risk. The firms are interested in diversifiable risk as they avoid this risk by diversification. Likewise, shareholders, on the other hand, are …

Production Definition

Production refers to a process in which all activities of people, equipment, machinery, and other resources are directed towards the conversion of input into an output. Whenever someone utters the word production, our minds naturally tend to think of large rooms filled with machines, materials in heaps, and people busy doing a number of different tasks. Definition One of the …

Manufacturing Business Definition

All entrepreneurs who undertake a manufacturing business use whatever is required to make finished goods out of raw materials. Some of the important requirements of their manufacturing firms include machinery, tools, raw materials, and manpower. The raw materials are the input while finished goods are outputs. Definition The term ” manufacturing ” is defined as the process of turning raw …

Advantages and Disadvantages of Equity Financing

One of the ways of obtaining capital for a business is through equity financing. Equity financing is basically used to obtain share capital from outside sources by selling a certain amount of shares in a company to external investors. There are a number of different forms of carrying out equity financing, for example sharing future profits with the investors to …

Dwell Time Definition

Dwell time is one of the important topics all digital marketers must learn and understand before they get a chance to place their ads on the internet. Dwell time is a measuring tool that allows you to check the efficiency and effectiveness of your ad units that are displayed on third-party blogs, commonly called publishers, and all through a search …