Business Resources

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Customers, whether members of the public or other organizations, are crucial to the success of any business since they represent its fundamental source of revenue. It is, therefore, crucial that businesses create a sense of loyalty among customers for their brand.

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  • What is project evaluation?

    Q:What is project evaluation?

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    Project evaluation refers to the systematic investigation of an object’s worth or merit. The methodology is applied in projects, programs and policies. At the project level, evaluation involves processes such as discussing a viable evaluation plan with stakeholders; designing and planning the evaluation; collecting, identifying and analyzing information and evidence; analyzing the information; and distributing the findings to describe or understand the project and/or to make project-related decisions.

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  • Where can you find sample letters for canceling a business contract?

    Q:Where can you find sample letters for canceling a business contract?

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    A good source of sample letters for canceling a business contract is Docstoc. Docstoc hosts millions of professional documents and a wide selection of quality samples of cancellation letters. At Your Business is another recommended resource for business owners. It offers a large variety of business forms including contract termination sample letters.

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  • What is a company ethos?

    Q:What is a company ethos?

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    The ethos of a company is its core set of values or operating principles that are used to set the tone for the company's overall operations. In general, the ethos expresses the way that a company wants to behave. Some companies include concepts like environmental awareness or a democratic structure of communication in their overall ethos.

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  • What is the definition of a product range?

    Q:What is the definition of a product range?

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    The product range, or product line, is a collection of products sold by the same manufacturer that are aimed at different segments of the market. All of the product in the range are connected, but some may be designed to attract teenagers while others may focus on older customers.

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  • What is the proper way to walk with scissors?

    Q:What is the proper way to walk with scissors?

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    When walking with scissors, it is important to keep the pointed side down. According to Parents.com, stressing scissor safety is important, and many children should be discouraged from walking with scissors in their hands.

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  • What is a rolling contract?

    Q:What is a rolling contract?

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    A rolling contract is a contract that has no defined cancellation date and ends only upon the request of one of the involved parties. Rolling contracts are commonly used in business-to-business and business-to-consumer transactions, such as rental agreements and warranties.

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  • What is second shift?

    Q:What is second shift?

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    The hours worked by second-shift employees are typically 4 p.m. to midnight. However, these hours can vary depending on the company’s operating needs and budget.

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  • What are the advantages and disadvantages of primary data?

    Q:What are the advantages and disadvantages of primary data?

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    An advantage is that primary data is information the researcher has collected and worked with personally. It relates directly to that person's research or study. A disadvantage of primary data is that it is expensive to collect the data, and it often takes a long time to process the information.

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  • What is the difference between warranty and guarantee?

    Q:What is the difference between warranty and guarantee?

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    A warranty is a specific type of guarantee. It's defined as a promise to a consumer that a manufacturer will make any repairs or replace defective parts without additional charge during a stated period of time.

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  • What are characteristics of a sole trader?

    Q:What are characteristics of a sole trader?

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    Also known as a sole proprietorship, a sole trader is a form of business that is owned and operated by a single person. A sole trader does not experience many legal formalities, assumes all the risks with unlimited liability and is solely responsible for business decisions.

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  • How is a ribbon cutting ceremony conducted?

    Q:How is a ribbon cutting ceremony conducted?

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    Most ribbon-cutting ceremonies involve having a business owner, chamber of commerce dignitaries and maybe some area politicians taking part in a ceremony to launch a new business. Before the actual ribbon-cutting, one or more of the politicians or chamber of commerce dignitaries delivers a short speeches about the good that the business will bring to the local economy.

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  • What is the definition of traditional business?

    Q:What is the definition of traditional business?

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    A traditional business is typically an organization that is a store, restaurant or agency. These types of businesses offer consumers some kind of service or product.

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  • What is a concept store?

    Q:What is a concept store?

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    A concept store offers shoppers multiple types of items with one centralized theme. Examples of themes for a concept store are eco-friendly, street and high-end luxury.

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  • What is an informal meeting?

    Q:What is an informal meeting?

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    An informal meeting is any meeting that isn't highly structured and doesn't have a specific length, scope or other rigid component such as minutes. Informal meetings are often impromptu and focus on small problems.

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  • Why is decision-making so important?

    Q:Why is decision-making so important?

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    Decision-making in business is important because there are consequences to making the wrong decision. When managers are making decisions on behalf of the company, it is important that they weigh their options because poor choices can result in legal, financial or brand issues.

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  • What is sale or return basis?

    Q:What is sale or return basis?

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    Sale or return basis, also known as consignment sale, is an arrangement in which a seller provides goods to a reseller or dealer who pays for the goods only when they are resold. The goods remain property of the original seller until they are paid in full. If the goods are not sold after a certain time period, the dealer reserves the right to return the goods to the seller.

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  • What are the mandatory requirements by the Department of Transportation on a driver's daily log book?

    Q:What are the mandatory requirements by the Department of Transportation on a driver's daily log book?

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    While there are several mandatory requirements in the driver's daily log book, the one most likely to cause trouble with the Department of Transportation is the driver's hours of service. According to About.com, minor math mistakes can sometimes cause a driver to receive a ticket. Tickets for hours of service violations range from $1,000 to $10,000 per occurrence.

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  • How should you name a pizza shop?

    Q:How should you name a pizza shop?

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    Naming a pizza parlor is a personal decision, but the names that work the best are memorable or catchy ones. A pizza parlor's name can include the owner's name like "Sam's Pizza," it can describe a feature of the business like "Family Style Pizzeria" or "Hot and Ready Pizza," or it can describe the pizza parlor's location like "Main Street Pizza."

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  • What is an administration function?

    Q:What is an administration function?

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    Administration functions comprise vital parts of an organization's structure, helping the organization to manage resources and people in an efficient manner. Planning, budgeting and organizing are the three primary administration functions in any company, and a lack of quality in any of these is quite often detrimental to the health of the company.

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  • What is the difference between operating profit and net profit?

    Q:What is the difference between operating profit and net profit?

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    Operating profit only covers the gross profit, minus direct operating expenses for the company while net profit includes all gains and losses by the company, including tax payments. Operating profits do not cover taxes paid, company assets sold or expenses not related to the company's operating costs. Net profit is the amount of money that the company has added or lost from its overall assets.

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