Business Definitions

Getting a Packing Company as a Partner is Very Cost Effective

Getting a Packing Company as a Partner is Very Cost Effective

One of the biggest expenses you will incur if you run an online business is the packaging and delivery of the items you are selling. Once you receive orders, you have to send them to the recipients right away. You have two main options. You can hire a lot of…

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What is Limited company?

What is Limited company?

Limited company is a business organization in which each shareholder is responsible only for the shares he or she holds. A person owning stock worth $500 loses only that $500 investment if the company goes into debt. Creditors cannot sue the investor to recover money owed by the company. In…

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Conglomerate in Business

Conglomerate in Business

Conglomerate, in business, is a large corporation that controls or owns a number of companies that generally operate in unrelated markets. A corporation becomes a conglomerate through various types of mergers (combinations of two or more companies). Ordinarily, conglomerates tend to maintain the separate identity and management of their different…

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Service industries

Service industries

Service industries are the business firms and government and nonprofit organizations that produce services rather than manufactured goods or agricultural products. Services consist mainly of such activities as selling goods in a store and providing financial advice. Service industries may be grouped into such broad categories as amusement and recreation,…

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Investment Banking

Investment Banking

Investment banking is a business activity in which a company purchases newly issued securities, such as stocks and bonds, from businesses and governments. Such a company, called an investment bank, then resells the securities to individual investors in smaller quantities. Thus, the investment bank helps large borrowers raise money quickly…

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Mutual Company

Mutual Company

Mutual company is a business owned by the users of the service it provides. Mutual companies include many insurance companies, banks, savings and loan associations, cooperatives, and credit unions. In the United States, the government gives mutual companies special tax treatment because they do not seek profit in the usual…

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What is Strike in Business

What is Strike in Business

Picture Child labor   Strike, in business and industry, is a stopping of work by a group of employees. All or some of a company’s employees may be involved. A strike is designed to interrupt the normal flow of goods or services that a company produces or handles. The workers…

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Sales in Business

Sales in Business

Sales is the business of selling goods or services. Often referred to as personal selling, sales involves communicating with potential customers, informing them about certain products, and persuading them to buy. Most companies employ salespeople to handle sales efforts. Many other people—including secretaries, mechanics, and executives—also help sell a company’s…

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National Alliance of Business (NAB)

National Alliance of Business (NAB)

National Alliance of Business (NAB) was a nonprofit organization committed to building a quality work force for the United States. The NAB helped private businesses, state and local governments, education organizations, and labor groups form partnerships to improve education, training, and employment programs. The NAB helped state and local partnerships…

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