Have you ever visited your local market and wondered how the food and tools you see are made and …
Business
Lions Ready to Roar: The Rising Economies of Africa
The global economic landscape is rapidly changing. The 2000s saw the so-called ‘Tiger Economies’ of Asia growing rapidly; will …
Why it is Important to have a Bank Account
WHAT IS A BANK ACCOUNT?
A bank account is a financial account, which stores money on behalf of a customer. …
Entreprises, Dettes et Partenariats
PAR MUTJABA GHAUS
Savez-vous ce qu’est Coca-Cola ? Quand vous entendez Coca-Cola, qu’est ce qui vous vient à l’esprit …
Learning Business: How to Make Money with Cost of Goods Sold
WHAT IS COST OF GOODS SOLD?
The goal of most businesses is to generate revenue and make profits. Many …
Learning Business: What is Price Elasticity?
Imagine this: You go to the store to buy your two favorite things: mangoes and water. You are about to …
Learning Business: What is Cost of Goods Sold?
When deciding on a price to sell your product at, there are many things to consider. One of those …
Learning Business: Price Elasticity
BY TINA BOUTIS
WHAT IS PRICE ELASTICITY?
Imagine this: You go to the store to buy your two favorite things: …
Learning Business: Comparative Advantage
BY TINA BOUTIS
THE SITUATION
Imagine a world with two countries: Easterica and Westasia. To produce 1 mango, Easterica …
Revenue, Profit, Loss and Market Share
‘Revenue’, ‘profit’ and ‘market share’ are the three basic and very important concepts that every business leader needs to understand.…