A business can be carried out by several type of entities and at different scales i.e., from an individual run sole proprietorship to a large public listed corporation. The type of entity structure chosen depends on several...
Read MoreAll commercial companies operate primarily to earn profits for their owners. In a company structure, the owners are in the form of shareholders. They can be as little as two in a private company and as many as hundreds and...
Read MoreCapacity and capability stand out as two broad terms that are often confused for their very similar meanings. Both the words are often interchangeably used in similar contexts; however, the meaning of both the terms have some...
Read MoreBudgeting and forecasting are two terms that are often confused. Both budgets and forecasts are internally generated forward-looking predictions about the financial performance of the business. One source of confusion is the...
Read MoreIncurrence of costs in a commercial business is inevitable. They are incurred at each stage of the business operation and are a must to ensure the entities’ smooth functioning. However, the higher the costs of a business,...
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