When Should You NOT Seek Promotion?  It may seem counter intuitive, but there are numerous reasons that you may want to turn down a promotion.  This might mean turning down the position temporarily or avoiding this type of promotion for the remainder of your career.   Some notable reasons are as follows: The Nature of the Position It may be the case...

What is an S-Curve? The S curve refers to the shape of charted data on a line graph that represents the growth of a business. The plotted line has a distinct S shape.   How is the S-Curve Used?  The S curve is used to describe, visualize, and predict the growth of a project or business. More specifically, it is a logistic curve that plots the progre...

What are the Types of Business Strategy?  There are generally 3 (sometimes broken into 4) Types of Business Strategies: Organizational (Corporate) Strategy Business (Competitive) Strategy Functional Strategy Operating Strategy What is a Corporate Strategy? A corporate-level strategy, often referred to an an organizational-level strategy, focuses on ...

What is a Tobin Tax?  The Tobin tax is a duty proposed on spot currency trades to penalize short-term currency trading in order to stabilize markets and disincentive speculation. The Tobin tax can be used to generate revenue streams for countries that see a great deal of short-term currency movement....

What are Hard and Soft Skills? Hard skills are a set of skills or expertise that employees need to carry out a job successfully.  Hard skills are often specific to a particular job, and employers list them in the job descriptions when advertising jobs online.  Examples of hard skills include: language proficiency, machine operation, typing skills, p...

What is Price in Economics? Price is what a buyer pays for a single unit (or batch) of a specific good or service. Price is a proxy for value.  What is the Theory of Price? The theory of price is a theory which states that the price for goods and services is determined by economic forces such as supply and demand. According to this theory, the relat...

What is the Theory of the Firm? The theory of the firm refers to the microeconomic approach devised in neoclassical economics that every firm operates in order to make profits. Companies ascertain the price and demand of the product in the market, and make optimum allocation of resources for increasing their net profits. How does the Theory of the F...

REGULATORY AGENCIES Enforce Consumer Law Individuals affected by a merchant's conduct may bring a civil action against the merchant. Further, numerous regulations exist that allow injured consumers to report violations of consumer protection laws. In an effort to stop or punish violations of the law, the government may then pursue administrative, ci...

What is an Accommodation Bill? An Accommodation Bill is signed by a third party called an accommodation endorser. This bill enables the second party to obtain a loan or credit for a specific purpose. The third party stands as the guarantor for the second person to secure credit or a loan. Example of Accommodation Bill Three methods can be used to pr...

What is the Real Estate Concentration? Many business schools offer a specific concentration in commercial real estate. The concentration tends to be either finance or transaction-based. Students study local and national real estate (economic) trends and market forces. They learn the mechanics of real estate transactions and focus on modeling real es...