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Income Elasticity of Demand is basically a measurement of how responsive a rise in income influences the demand for a good or service. It’s also called elasticity. The concept of…

Management jobs often offer the most direct way to take over more control in some businesses. Many people in management positions focus strictly on one task: they manage those beneath…

The median income refers to the median income level, which breaks a population down into two equal sections, half with an income more than the median, and half with an…

Fintech companies are companies that offer the use of the Internet as a means of facilitating financial transactions. Financial technology is basically the emerging technology and innovation which aim at…

The Internet has made it easy for business people to come up with business ideas. A business idea could be a business venture which could generate income for you or…

The Small Business Administration (SBA) is a government organization which provides financial support to small businesses and entrepreneurs. The SBA aims at helping entrepreneurs develop a sound business strategy, to…

Facebook ads manager is where you can go to develop and manage your ads, of course! In full, you can utilize the ad manager to: Set up Facebook ads campaigns…

What exactly is small business grants? A small business grant is funds that are provided by a government, a business or a non-profit organization. Grants are basically free money –…

A profit and loss statement are simply one of the essential financial documents of a business and depicts the business’s revenues and expenses over a certain period of time. It…

A market is just one part of a whole composition of systems, agencies, processes, infrastructures or organizations where individuals engage in trade. The basic units of the market are producers,…

A franchise agreement is basically a legally binding contract between the franchisor (business owner) and franchisee. In most cases, franchisees who sign a franchise agreement become exclusive owners of the…

Calculating COGS: How to Calculate is an important step in identifying the food cost and expenses for a restaurant. These two figures indicate the actual percentage of the total cost…