Consumerism – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Consumerism?Consumerism is an economic theory that maintains that an ever-increasing purchase of goods and services in an economy is an indicator that such a country would be desirable economically. Consumerism is also a theory that places great value on the...

Consumer Confidence Index – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Consumer Confidence Index?The Consumer Confidence Index (CCI) Survey is a metric that evaluates the level of optimism or pessimism of consumers with regard to the future economy and the expected financial state. The two economic factors that the CCI index...

Portfolio of Investments – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is an Investment Portfolio?A portfolio refers to a collection of investment tools or financial instruments possesses by an individual investor, a company or a financial institution. There are varieties of investments and assets that make up a portfolio, these...

Predictive Analytics – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is Predictive Analytics?Predictive analytics is a form of analytics that seeks to predict the outcome of unknown future events using modeling and advanced statistical techniques. Predictive analytics also uses current and past data to determine the future...

Porter Diamond – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is a Porter Diamond?The Porter Diamond refers to an economic model that aids the understanding of factors that give a group, organization or country a competitive advantage over others. The theory is otherwise called the Porter Diamond Theory of National...

Pop-Up Retail – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is Pop-Up Retail?Pop-up retail is a short-term retail store opened by retailers to benefit from seasonal demands and trends. Certain products and services are seasonal, this means they get higher demands in particular season, for instance, an Eskimos or a sweater...

Positional Goods – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What are Positional Goods?Positional goods give their possessors a peculiar status given the fact that other people do not possess them or there is a limit to the number of people that possess the goods. The supply of a particular product within an economy will...

Professional References & Letters of Recommendation

by TheBusinessProfessor | Feb 23, 2025 | Professionalism & Career Development

What are Professional References (for Employment)?It is quite common for employers to request professional references from an applicant. It is becoming far less regular that employers request the list of references at the time of application. Generally, this takes...

Office Visitors & Professionalism – Explained

by TheBusinessProfessor | Feb 23, 2025 | Professionalism & Career Development

Professional Etiquette and Office VisitorsDepending on your position, it may be common or uncommon to have people (insider or outside of your company) visit your office. It may simply be for a meeting or it may involve a tour around the office. This scenario is often...

Side Hustles & the Gig Economy

by TheBusinessProfessor | Feb 23, 2025 | Professionalism & Career Development

What are Side Hustles and the Gig Economy?I hear students every day talking about their side hustle. Most of the students activities involved providing some form of service for individuals or businesses. A small percentage consisted of buying, repairing, and selling...