Income Basket – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is an Income Basket?The US tax code defines an Income Basket as a taxable source of income from either active, passive, or portfolio gains. For e.g., monthly salary would be taxed under the Active Income Basket, while rent from a property would be taxed under the...

International Labour Organization (UN) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the International Labour Organization?The International Labour Organization is an agency established by the United Nations. The objective of this bureau is to promote social justice and bring reforms and improvements to the global labor market. A primary role...

International Organization for Standardization (ISO) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the International Organization for Standardization?The International Organization for Standardization (ISO) is an international organization that develops and publishes international business standards. These standards are incorporated by businesses throughout...

International Trade Administration – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the International Trade Administration (ITA)?The International Trade Administration (ITA) is an agency in the Department of Commerce that promotes the export non-agricultural products and services. It provides information necessary to make global markets...

Game Theory – Explained

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

What is Game Theory?Game theory considers how players interact and how they behave to study and explain how rational players make decision. The theory seeks to find out the decisions an individual player should take part in to maximize their success logically and...

Confidence Interval – Explained

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

What is a Confidence Interval?A confidence interval shows a range of values within which an unknown population parameter lies. Loosely speaking, it shows the confidence that one has that a given population parameter lies within a given range. For instance, one can...

Cost Per Acquisition – Explained

by TheBusinessProfessor | Feb 23, 2025 | SEO, Social Media, Direct Marketing

Update Table of Contents What is Cost per Acquisition?How does Cost Per Acquisition Work? Marketing ChannelsFactors Affecting Cost Per AcquisitionMethods of Tracking Cost Per AcquisitionAcademic Research on Cost per Acquisition (CPA) What is Cost per Acquisition?Cost...

Cultural Relativism – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Cultural Relativism?Cultural relativism concerns understanding and respecting foreign cultures. More specifically, is calls for a deeper understanding of people on the basis of their own cultural beliefs. Further, people should not be compared against or...

Cradle to Grave – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is Cradle to Grave?Cradle to Grave, or Lifecycle Assessment (LCA), is a methodology used to evaluate natural effects linked to all the phases in the life of the product from obtaining of raw materials, processing of these materials, manufacturing, dissemination,...

Cost Per Impression (CPM) – Explained

by TheBusinessProfessor | Feb 23, 2025 | SEO, Social Media, Direct Marketing

What is Cost per Impression?Cost per thousand (CPM) refers to the cost of internet marketing or traditional advertising in which advertisers pay for every time that an advert has been displayed. That is, it means the expense of costs incurred for every thousand...