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  1. Asked: November 8, 2024In: Business

    What is value proposition?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 8, 2024 at 3:10 pm

    A value proposition is a statement explaining how a product or service solves a problem, delivers benefits, and why it is better than alternatives, appealing to customers’ needs and motivations.

    A value proposition is a statement explaining how a product or service solves a problem, delivers benefits, and why it is better than alternatives, appealing to customers’ needs and motivations.

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  2. Asked: November 7, 2024In: Business

    What is the difference between tangible and intangible assets?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 8, 2024 at 2:57 pm

    Tangible assets are physical items with monetary value, like buildings and equipment. Intangible assets are non-physical, such as patents, trademarks, and goodwill.

    Tangible assets are physical items with monetary value, like buildings and equipment. Intangible assets are non-physical, such as patents, trademarks, and goodwill.

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  3. Asked: November 7, 2024In: Business

    What is a business cycle?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 7, 2024 at 3:08 pm

    A business cycle refers to the economic fluctuations in a market economy, typically including four phases: expansion, peak, contraction, and trough.

    A business cycle refers to the economic fluctuations in a market economy, typically including four phases: expansion, peak, contraction, and trough.

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  4. Asked: November 7, 2024In: Business

    What are the main types of business structures?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 7, 2024 at 3:02 pm

    The main types of business structures include sole proprietorship, partnership, corporation, limited liability company (LLC), and cooperative. Each has different legal, tax, and liability implications.

    The main types of business structures include sole proprietorship, partnership, corporation, limited liability company (LLC), and cooperative. Each has different legal, tax, and liability implications.

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  5. Asked: November 6, 2024In: Business

    What is a business cycle?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 7, 2024 at 9:52 am

    A business is an organization or entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit or nonprofit, and they aim to provide goods or services to consumers in exchange for money or other resources.

    A business is an organization or entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit or nonprofit, and they aim to provide goods or services to consumers in exchange for money or other resources.

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  6. Asked: November 6, 2024In: Business

    What is corporate governance?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 6, 2024 at 3:11 pm

    Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of stakeholders, including shareholders, management, customers, suppliers, and the community.

    Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of stakeholders, including shareholders, management, customers, suppliers, and the community.

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  7. Asked: November 6, 2024In: Business

    What is the difference between a mission statement and a vision statement?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 6, 2024 at 1:30 pm

    A mission statement defines the company’s purpose, identifying what it does and its goals. A vision statement outlines the company’s future aspirations and the impact it aims to achieve.

    A mission statement defines the company’s purpose, identifying what it does and its goals. A vision statement outlines the company’s future aspirations and the impact it aims to achieve.

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  8. Asked: November 6, 2024In: Business

    What is customer loyalty, and how can it be improved?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 6, 2024 at 11:52 am

    Customer loyalty is the tendency of customers to return to a business and make repeat purchases. It can be improved through excellent customer service, rewards programs, consistent quality, and personalization.

    Customer loyalty is the tendency of customers to return to a business and make repeat purchases. It can be improved through excellent customer service, rewards programs, consistent quality, and personalization.

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  9. Asked: November 6, 2024In: Business

    What is economies of scale?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 6, 2024 at 11:39 am

    Economies of scale refer to the cost advantages that businesses achieve due to their scale of operation. As production increases, the per-unit cost of production decreases, leading to greater efficiency.

    Economies of scale refer to the cost advantages that businesses achieve due to their scale of operation. As production increases, the per-unit cost of production decreases, leading to greater efficiency.

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  10. Asked: November 6, 2024In: Business

    What is a merger, and how does it differ from an acquisition?

    Md Lathifunnisa
    Md Lathifunnisa Knowledge Contributor
    Added an answer on November 6, 2024 at 11:36 am

    A merger is when two companies combine to form a new entity, whereas an acquisition occurs when one company takes over another. Both are strategies for expanding market share, resources, and capabilities.

    A merger is when two companies combine to form a new entity, whereas an acquisition occurs when one company takes over another. Both are strategies for expanding market share, resources, and capabilities.

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