Business Essentials
Without strong fundamental elements like structure and plan, a business will never move from concept to successful real-world organization.
Business essentials include all of the elements that contribute to the success or failure of a business. Learn about business plans, models, and the fundamentals that are key to success.
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How Black Inventors Contributed to Industrialization
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Retention of Title (ROT) Clause
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The Economic Impact of a Hybrid Office
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The Impact of Working a 4-Day Week
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Hybrid Office
Explore Business Essentials
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International Workers' Day (Labor Day)
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Why Silicon Valley Companies Are Moving to Texas
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The 10 Biggest Strikes In U.S. History
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Absolute vs. Comparative Advantage: What’s the Difference?
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Agency Theory: Definition, Examples of Relationships, and Disputes
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Commission: Definition and Examples, Vs. Fees
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Economies of Scale: What Are They and How Are They Used?
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Expense: Definition, Types, and How Expenses Are Recorded
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Green-Field Investment
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Interest Rates: Different Types and What They Mean to Borrowers
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Intermediate Good: Definition and Examples
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Liability: Definition, Types, Example, and Assets vs. Liabilities
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Limited Liability Definition: How It Works in Corporations and Businesses
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Perfect Competition: Examples and How It Works
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Transaction
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CIF vs. FOB: What's the Difference?
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The Difference Between Revenue and Cost in Gross Margin
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Affiliate: Definition in Corporate, Securities, and Markets
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Brick-and-Mortar Stores: Types, Advantages, and Disadvantages
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Code of Ethics: Understanding Its Types, Uses Through Examples
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Core Competencies in Business: Finding a Competitive Advantage
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Corporate Culture Definition, Characteristics, and Importance
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What Is Customer Service, and What Makes It Excellent?
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Ex Works (EXW) Defined, Pros and Cons, Plus More Incoterms
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Feasibility Study
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The 4 Ps of Marketing and How To Use Them in Your Strategy
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Internal Controls: Definition, Types, and Importance
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How to Use Interpersonal Skills to Get and Keep a Job
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Lead Time: Definition, How it Works, and Example
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Management by Objectives (MBO): Learn Its 5 Steps, Pros and Cons
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Manufacturer's Suggested Retail Price (MSRP): Meaning
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Market Share: What It Is and the Formula for Calculating It
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Non-Disclosure Agreement (NDA) Explained, With Pros and Cons
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Opportunity Cost Formula, Calculation, and What It Can Tell You
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Outsourcing: How It Works in Business, With Examples
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Payment-in-Kind (PIK): What It Is, How It Works, Pros and Cons
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What Is Price Discrimination, and How Does It Work?
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Quasi Contract
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Research and Development (R&D) Definition, Types, and Importance
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RFP: What a Request for Proposal Is, Requirements, and a Sample
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Social Responsibility in Business: Meaning, Types, Examples, and Criticism
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Standardization
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What Is Total Quality Management (TQM), and Why Is It Important?
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Value-Added Product: What It Means in Industry and Marketing
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Value Chain: Definition, Model, Analysis, and Example
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Value Proposition: How to Write It With Examples
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How Can I Obtain a Telex Release for a Bill of Lading?
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Should a Company Issue Debt or Equity?
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Present Value vs. Net Present Value: What's the Difference?
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How Do Modern Corporations Deal With Agency Problems?
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Brownfield Investment: Definition, Advantages, Vs. Greenfield
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Credit Enhancement: Definition, Benefits, Techniques
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Incoterms Explained: Definition, Examples, Rules, Pros & Cons
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Operating Lease: How It Works and Differs From a Finance Lease
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Proxy Fight: Definition, Causes, What Happens, and Example
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What Is Accumulation? How It Works in Finance and Example
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Enterprise Risk Management (ERM): What Is It and How It Works
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Identifying and Managing Business Risks
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What Does the FIG at an Investment Bank Mean?
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Articles of Association Definition and Example in Small Business