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Small business owner or his appointed seller keeps themselves busy in disposing of their products under sale. Larger the volume of sale more successful is the entrepreneur or his appointed sellers. To become a successful retail seller one entrepreneur or…
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Detailing or maintaining show room by the manufacturer is profitable. But the sales team in these shops should be aware about the likings and disliking of the potential customers who visit their shops, it should be remembered that not every visitor coming…
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There are many ways for small business entrepreneurs to enter global markets. In the following chart, some of these approaches are depicted. Some of the ways to enter international market are: Ways to enter international market 100 percent ownership:…
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  Advantages Credit customers are likely to become repeat customers. Credit enables customer to buy products or services they might otherwise have to do without. Credit customers tend to overspend ‘ Credit customers tend to buy products of higher quality.…
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Credo means deferred payment. In business cash sales are welcome but the volume of sales will not be very- big because customers do not always remain with cash. Credit undoubtedly increases the volume of sales. There are number of issues in connection…
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Management of the inventory is important because inventory involves blockage of huge funds. Inventory cannot be of bulk nor it can be very slim. Because both the alternative has serious consequences. Inventory mostly occur for slow moving stocks…
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To a buyer, price is that which people have to forego in order to acquire a product or service. Price is the way to make profit to a seller. Here is some most important strategy for pricing products or service How to price a product or services Factors…
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The management of business processes that create physical goods is called production management. Management of processes that mainly create services may be called operations management. Both production and operations management are concerned with product…
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  Financing a firm properly is a critical element for business success. Many potentially successful firms have failed because they were under capitalized. Few things are as difficult to accept as having to close the doors because the entrepreneur lacks a…
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  The key m small business success rests mostly on the ability of the entrepreneur to raise adequate amount of funds for infrastructure developments as well as meeting day-to-day working capital needs. One of the first questions a potential entrepreneur…
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