Malaysia is a country situated in the southeast of Asia. South Chinese Ocean divides the country into two parts; East Malaysia and Peninsular Malaysia. The national capital of the country is Kuala Lumpur. Thailand, Indonesia, Vietnam, Singapore, Brunei, and the Philippines are the neighbouring countries of her. The population of the country is comprised of more than 32 million people. …
Situated in the North-Western part of Europe, Norway is a quaint Scandinavian country. It is famous for its external environment such as lush mountains, a beautiful coastline, and also for its peaceful nature. It’s neighboring countries are Denmark, Sweden, and Finland. Following is Norway’s Pestle Analysis that looks into the various political, economic, socio-cultural, technological, legal, and environmental aspects of …
B2C or business to consumer means when a business sells its products and services directly to the end consumers without any intermediary. The businesses and companies that approach customers directly and don’t employ middlemen are B2C companies and businesses. Ecommerce and online shopping have promoted the B2C, where manufacturers and retailers market their products and services directly to the end …
Pricing your product is a very crucial part of the decision making of business after the manufacturing. Entrepreneurs and business owners have different types of pricing strategies to choose from while keeping in mind the overall objectives of the business. Today we will discuss price skimming strategy and how it’s important. What is Skimming Pricing? Price skimming is the strategy …
The purpose of businesses is not merely to make profits. Granted, money-making is one of the major activities of any commercial establishment. But there are businesses that make the welfare of society their prime concern. Non-profit organizations and charities are such businesses that work to improve the lives of people through their activities. Like regular corporations, these businesses too have …
As we know that a company is an independent legal entity where a group of people who work together to achieve a common goal. A company has many pros and cons like limited liability and double taxation. However, we’ll discuss the types of companies today. Here are some of the major types of companies and their sub-categories as well, and …
In today’s world of rapid tech changes and overnight commercial disruptions, business models are changing practically at the drop of a hat. A prime example of this in the present times is WeWork. WeWork works on a novel business model that provides office spaces to small businesses. Their clientele primarily consists of new startups and freelancers, who can’t afford to …
Today we’ll discuss the impact of psychological pricing on the decision making process of customers when they visit the market. What is Psychological Pricing? Psychological pricing is the art and process of using the factional numbers instead of the whole figures. For instance, marketers price their products 499/-, instead of the whole number 500/-. Secondly, they capitalize the first digit …
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 Slack Slack is a cloud-based platform that allows people to send and receive instant messages, emails, and notifications by using the single app. In other words, slack is an integration of various miscellaneous platforms into a single one. Whether it’s direct messaging or group messaging, you can do it under one roof. Slack Technologies developed the software in …
