Economic Basis for International Trade

Control is the exchange of commodity and services. World trade represents business ventures taking place at the global level, and it is fundamentally different from domestic trade. Trade at international level demands huge investments, network of dispenses and proficient people to Continue reading

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Common Economic Problems Faced by Business Entities

Managing a successful business is no children’s play. One has to face several problems managing the organization well. With inconsistent economical policies, changing governments, inflation, cash stream problems, variation in work force,, labor force and raw material cost it is absolutely Continue reading

Service Business Management and the Challenges of Economic Cycles

It is quite hard to run a service business when times are tough, as there are fewer customers and less revenue. Too a service business often needs to lower prices to go for volume. It’s easy to get good people, which is a plus, but harder to get them to care since they are not making Continue reading