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Six Paths Framework
The Six Paths Framework developed by Chan Kim and Renée Mauborgne allows managers to address the search risk many companies struggle with.
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Shipping and Logistics Functions
What are Shipping and Logistics Functions? Shipping is the act of physically transporting goods or materials between locations. Logistics, on the other hand, is the process of managing an intricate operation. Logistics is used in a vast...
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Sherman Act Vertical Territorial Agreements
Sherman Act Vertical Territorial Agreements
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Sherman Act Vertical Price Fixing Maintenance
Sherman Act Vertical Price Fixing Maintenance
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Service Management
What is Service Management? Service management is a management discipline aimed at providing quality services that customers will value, buy and use.
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Sales Message - Communications
Your sales message is your pitch, where you make your case to potential customers and convince them that they should buy your product. You may have different sales messages depending on a variety of factors, including the product,...
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Sales and Use Tax Identification
What is the Sales and Use Tax Identification number, and when do you need one?A state-issued license and identification number for businesses collecting sales tax. If you sell certain types of goods, your state.
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SAAS Business Model - Explained
What is a SAAS Business Model? SaaS, or software as a service, is a delivery model in which a centrally hosted software is licensed to customers via a subscription plan. Any company that leases its software through a central, cloud-based...
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Role of Marketing in the Organization
This Video Explains the Role of Marketing in the Organization
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Variable Overhead Analysis
This video provides an overview of variable overhead analysis, its importance in decision making and budgeting, and the metrics used to measure and analyze these costs.
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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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Contribution Format Income Statement
This video what is the Contribution Format Income Statement in managerial accounting. It also discusses how managers use the contribution format income statement in comparison to a traditional income statement required under GAAP.
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Trademarking a Business Name
Why should you Trademark a Business Name? What is required to secure a trademark? Registering a trademark helps protect a name or brand from intellectual property theft or misuse as a business grows. You can start the trademarking...
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What is a Cottage Industry_
What is a Cottage Industry? A cottage industry is a small manufacturing business that is owned and operated by an individual or a family, typically operating out of a home rather than a purpose-built facility. Cottage industries are...
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Introduction to Weighted Average Costing
This video explains the concept of weighted average costing and how it is used in assigning the average cost of production to a product. The teacher highlights that this method is efficient when inventory is commoditized and all units...
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Value Disciplines
Value Disciplines is a really powerful strategy framework. Value Disciplines can be quite flexible, but it is not for everyone.
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Types of Diversification Strategy
The three main types of diversification strategies include concentric, horizontal, and conglomerate strategies. Diversification Strategy Explained.