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Monday, October 2, 2023

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Lisa Brown April 8, 2023April 7, 2023 brand perception, business, competition, consumer demand, discount pricing, dynamic pricing, freemium pricing, market share, marketing goals, penetration pricing, pricing, pricing strategy, products, profitability, services, skimming pricing

What is a Pricing Strategy?

If you own a business, you may be wondering how to determine the appropriate price for your goods or services.

Lisa Brown April 6, 2023April 5, 2023 accounting, business practice, business process outsourcing, company, cost savings, customer service, efficiency, external parties, human resources, in-house, information technology outsourcing, IT support, job losses, low-wage countries, maintenance, manufacturing, manufacturing outsourcing, nearshoring, non-core business functions, offshoring, onshoring, outsourcing, Payroll, production of goods, products, scalability, services, software development, specialized IT skills, support, tasks

What is Outsourcing?

If you are an entrepreneur, you should know the term outsourcing to grow your business. In this post, we will

Lisa Brown March 31, 2023April 1, 2023 acquire, automotive industry, coordination, costs, customers, efficiency, handling, higher quality, inventory, Inventory management, japan, JIT, Just-in-time, Lean manufacturing, lean startup, manufacturing, materials, minimize, needs, optimize, overproduction, planning, produce, production process, production teams, products, quality, storage, strategy, suppliers, supply chains, Toyota, Toyota Production System, waste

Just-In-Time (JIT) Manufacturing & Inventory Management Strategy

As a business owner or manager, you’re likely always looking for ways to optimize your operations and increase efficiency. One

Lisa Brown March 30, 2023April 1, 2023 business, competitive, costs, customer demand, efficiency, finished goods, goods, inventory, managing, materials, MRO supplies, operations, production process, products, profits, raw materials, resale, tracking, types, work-in-progress

Inventory, Types, and Importance for Business

If you’re running a business that deals with buying, producing, or selling goods, then inventory management is something you can’t

Young Entrepreneur March 21, 2023March 21, 2023 Balance sheet, cash flow statement, company, Cost of goods sold, earnings per share, EPS, expenses, financial health, financial performance, financial statement, gross profit margin, growth prospects, income statement, investors, marketing expenses, net income, products, Profit, profitability, rent, revenue, salaries, sale, services, specific period, stakeholders, wages

Income Statement – Explained + Examples

An income statement is a financial statement that shows a company’s revenue, expenses, and net income over a specific period

Young Entrepreneur March 17, 2023March 23, 2023 COGS, Cost of goods sold, efficiency, financial health, financial metric, formula, gross margin, gross profit margin, higher prices, lower cost, money, net income, operating expenses, operating margin, percentage, products, taxes, Total Revenue

Gross Margin – Explained + Examples

Gross margin is a financial metric that represents the amount of money left over after subtracting the cost of goods

Young Entrepreneur March 6, 2023March 6, 2023 accommodations, Airbnb, amazon, apartments, b2b, b2c, beauty, Best Buy, books, brick-and-mortar stores, business, businesses, buyers, buying, c2b, c2c, clothing, commercial transactions, consumers, convenience, costs, customers, delivery services, drivers, e-commerce, e-commerce platform, electronic platforms, electronics, electronics retailer, Etsy, fashion retailer, glasses, Glossier, goods, groceries, handmade, houses, in-store pickup, mobile apps, modern economy, online, online eyewear retailer, online marketplace, online platform, online retailer, online shopping, Online Stores, physical stores, products, retail giant, revolutionizing, riders, rooms, sellers, selling, services, shopify, short-term stays, skincare brand, social media, transportation services, try on, uber, vintage goods, Walmart, Warby Parker, websites, wider customer base, Zara

E-commerce – Explained

E-commerce refers to the process of buying and selling goods or services online. It involves using electronic platforms such as

Marketing and Advertising February 28, 2023February 28, 2023 advertising, boost sales, Brand Awareness, collect data, coupons, demographics, direct mail, direct mail catalogs, Direct marketing, discount codes, email, Email newsletters, engage, follow-up emails, generate leads, interactive quizzes, interests, loyalty programs, mail, marketing, marketing purposes, opted-in, personalized direct mail campaigns, persuade, phone calls, potential customers, products, promotions, purchase, reminders, repeat business, requesting information, services, signing up, social media, social media ads, specific audiences, specific demographics, subscribers, surveys, targeted approach, telemarketing, telemarketing calls, text message promotions

Direct Marketing – Explained + Examples

Direct marketing is a type of advertising that allows businesses to communicate directly with potential customers using a variety of

Young Entrepreneur February 27, 2023February 27, 2023 age, analysis, censuses, data collection, demographic, demographic categories, education, gender, income, informed decisions, insights, marketing, occupation, patterns, policies, population, products, race, research, segmentation, services, social sciences, statistical data, surveys, target audiences, trends

Demographic – Explained

Demographic refers to statistical data that characterizes a population or a group of people based on various factors such as

Young Entrepreneur February 22, 2023February 22, 2023 adaptability, businesses, channels, company, competitive landscape, core competencies, Corporate strategy, customers, decisions, emerging trends, employees, environmental sustainability, evaluation, external challenges, finance, financial losses, functional strategies, human resources, internal challenges, investment priorities, leadership development, long-term goals, marketing, markets, missed opportunities, mission, monitoring, objectives, operations, organizational design, outdated, performance management, plan, products, profitability, reputational damage, Resource allocation, risk management, services, shareholders, social sustainability, stakeholder dissatisfaction, stakeholders, sustainable competitive advantage, sustainable growth, talent attraction, talent retention, technologies, top-level management, value, values, vision

Corporate Strategy – Explained

Corporate strategy is the general plan that guides a company’s long-term goals and objectives. It outlines how the company aims

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