BUSINESS

Definition: A company limited by shares is a company in which the shareholders own shares, which represent a portion of the company’s ownership. The shareholders are responsible for limiting the company’s liability to their investment in the company. Key Features: 1. Shareholder Liability:– Shareholders are not personally liable for the company’s debts beyond their investment.- […]

Blue Ocean Strategy The blue ocean strategy is a marketing strategy that focuses on creating a new market space that is uncontested and profitable. It involves identifying the factors that drive customer demand and then creating a product or service that meets those needs better than existing offerings. Key Principles: 1. Identify the Factors That […]

Value Proposition A value proposition is a clear, concise statement that describes the unique value and benefits your product or service offers to your target audience. It is a statement that explains why your offering is different from the competition and why it is valuable to customers. Key Elements of a Value Proposition: 1. Target […]

The Employer Identification Number (EIN) is a unique nine-digit number issued by the United States Internal Revenue Service (IRS) to businesses, organizations, and certain other entities. It is used primarily for tax reporting purposes and is required for many businesses to obtain. Here is a breakdown of the key points about EINs: Purpose: Tax reporting: […]

Rule of Thumb The rule of thumb is a concept that applies a simple, practical formula or estimation based on a readily available number, often 10 or 20, to quickly calculate or approximate a value. Formula: Value = 10 or 20 multiplied by a factor Factor: A factor is a number that multiplies the 10 […]

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