Business

Economics 101: What Are Subsidies? Learn 5 Common Types of Government Subsidies and How They Are Distributed

Subsidies are one of the many ways in which governments help stimulate or supplement economic activity. Understanding how subsidies work is crucial for anyone attempting to brea...

Aug 13, 2019

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Accountability Partner Tips: How to Be an Accountability Partner

If you have a hard time reaching milestones, maybe it’s time to find an accountability partner. Learn how forming this kind of relationship with another person could help you re...

Jun 22, 2022

Trait Theory of Personality Explained: 4 Trait Theory Examples

Psychologists have come up with a host of approaches to determine how a person’s personality develops. It might come down to each individual possessing a dispositional set of tr...

Jun 22, 2022

What Is Competitive Strategy? 4 Types of Competitive Strategy

Business leaders develop competitive strategies to overtake other players in their market sector. Learn how to build a sustainable competitive advantage in your industry by adop...

Jun 21, 2022

What Is Cost-Based Pricing? Cost-Based Pricing Strategies

Cost-based pricing is a pricing method predicated on production costs. Companies aim to cover the associated costs of manufacturing a product and set prices based on a desired p...

Jun 21, 2022

Chief Legal Officer: How to Become a CLO

If you’re a strong leader with a passion for corporate law and business management, you might enjoy a career as a chief legal officer (CLO). Learn how to become a CLO.

Jun 21, 2022

What Is Value-Based Pricing? Pros and Cons of Value Pricing

Pricing strategies can focus on costs of goods, what competitors charge, or what customers are willing to pay. If you choose the latter for your business, you will be using a va...

Jun 21, 2022

How to Use the Elements of Value to Appeal to Customers

The elements of value pyramid is a marketing tool that identifies the key elements customers value when choosing to buy goods and services. Companies can leverage this tool to i...

Jun 21, 2022

What Is a Veblen Good? Veblen Goods and the Law of Demand

Veblen goods are luxury items that become more desirable as their prices rise. Their high price is associated with higher quality and exclusivity. Consumers in the market for lu...

Jun 21, 2022

What Is the Scalar Principle? How the Scalar Chain Works

The scalar principle refers to a linear flow of communication in an organization, where information is relayed through an unbroken chain from upper management down to all employ...

Jun 21, 2022