Many political factors have an influence on the business community, ranging from the philosophy of the governing party to political responses to economic trends. When government leaders and agencies set policies, they start trends that often have a powerful influence on the legal structure within which businesses either thrive or start to atrophy, as well as financial market conditions affecting consumer attitudes and the level of assistance that the government offers to businesses. Being able to read the political winds is a crucial part of strategic planning for a business.Know More
One area in which political parties often differ is the degree of regulation that the business community needs to face. When the party permitting a more hands-off approach to regulating businesses is in power, then businesses do not have to worry about oversight in the areas of safety and environmental protection as much as they do when the party that favors more regulation is in the majority.
Political parties also differ in the way they view business tax structure. More conservative parties tend to want lower taxes on businesses, with the idea that less taxation brings in more business. More liberal parties tend to raise taxes, making it costlier for businesses to operate.Learn more about Business Resources
Inventory, or specifically inventory management, is important for a business to ensure that the business is able to maximize potential sales and market share. Inventory plays a key role in business strategy as it represents a portion of the business's assets and one of its primary sources of revenue.Full Answer >
Business quarters, also known as fiscal quarters, are the four three-month segments that constitute a company's fiscal year. Fiscal quarters are expressed with "Q" followed by the relevant number and year. The second quarter for the 2014 fiscal year is expressed as Q2 2014.Full Answer >
A business model is a formal outline of a company's revenue strategy, products, market and desired course of growth. It outlines and identifies how a company converts its products and services into revenue. Business models vary greatly from company to company based on its products and market. However, they generally provide details on the company's products, markets, utility, uniqueness and vision.Full Answer >
A business solution is a combination of ideas used to help a company achieve its objectives. A business solution comes in terms of marketing, payroll, auditing, accounting market research and analysis, among other essential business activities. Businessmen set up companies to solve specific business problems. They specialize in a given niche depending on the problems in the market. A business problem is a need that a company strives to provide.Full Answer >