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The Business Professor
Marketing - Charging for Product Transportation
Marketing - Charging for Product Transportation
The Business Professor
Marketing - Channel Conflict
This Video Explains Marketing - Channel Conflict
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Marketing - Benefits of Personal Selling
Marketing - Benefits of Personal Selling
The Business Professor
Loss Leader - Strategy
A loss leader strategy prices a product lower than its production cost in order to attract customers or sell other, more expensive products. Loss leading is a controversial strategy that is considered predatory. Some companies use a loss...
The Business Professor
Long Tail Strategy
The long tail is a business strategy that allows companies to realize significant profits by selling low volumes of hard-to-find items to many customers, instead of only selling large volumes of a reduced number of popular items. The...
The Business Professor
Need vs Want in Entrepreneurship
This Video Explains Need vs Want in Entrepreneurship
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Naming Your Business
What are the considerations when Naming Your Business? Follow your state's naming guidelines · 2. Don't pick a name that's too similar to a competitor's name · 3. Choose a name that people can spell and pronounce.
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Mixed Costs vs Step Costs
Mixed costss are a combination of fixed and variable costs. Step costs are consistent costs that step up and remain constant over a range.
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Merchandise Business - Financial Accounting
Merchandise Business - Financial Accounting
The Business Professor
Reasons to Use Traditional Costing
Traditional costing methods have numerous positive and negative attribtutes when compared to activity-based costing. This video explains the issues that arise when using traditional costing methods rather than activity-based costing.
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Product Line Analysis in Accounting
Product line analysis is a detailed process employed as part of the managerial accounting process. This video explains what is Product Line Analysis in managerial accounting.
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Product Labeling Laws
In this video, we discuss the major federal acts that regulate the labeling and disclosure requirements for consumer products in the United States. These acts are enforced by various administrative agencies such as the FTC, Consumer...
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Process Manufacturing Characteristics
Process manufacturing is a form of continuous manufacturing
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Pioneer Migrator Settlor Map
The pioneer-migrator-settler map tool guides you to target the area where you have the most to gain by the blue ocean journey and helps you select the right scope for your blue ocean initiative.
The Business Professor
Activity-Based Costing - Types of Activities
Activity-based costing identifies numerous categories or types of activity to which costs are allocated. This video explains the the types of activities employed in activity-based costing.
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Types of Diversification Strategy
The three main types of diversification strategies include concentric, horizontal, and conglomerate strategies. Diversification Strategy Explained.
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Types of Business Strategy
Organizational (Corporate) Strategy; Business (Competitive) Strategy; Functional Strategy ; Growth-Based Strategies,; Stability Strategies, · Retrenchment
The Business Professor
Time to Market
What is the Time to Market for a startup venture? Time to Market (TTM) is the time it takes to go from an idea to a finished product. Sometimes you will come across the term Speed to Market (STM). In the context of startups, TTM is a...