Economics

A Bachelor of Commerce (baccalaureates commercii, abbreviated B.Com. or B.Comm.) is an undergraduate degree in commerce (or business) and related subjects, usually awarded in Canada, Australia, India, Ireland, New Zealand, Pakistan, South Africa and other Commonwealth countries; however, the degree is no longer offered in the United Kingdom. The Bachelor of Commerce degree is designed to provide students with a wide range of managerial skills, while building competence in a particular area of business (see below). Most universities, therefore, […]

In economics, consumer debt is the amount owed by consumers, as opposed to that of businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate.   To make a consumer buy an item on debt (someone who does not have any money, […]

What is a social Enterprise?  A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being—, this may include maximizing social impact of a community, alongside bringing in profits for company or business owners. Positive moral principles: The positive moral principles which governs a social enterprise can […]

Marketing research is “the process or set of processes that links the producers, customers, and end users to the marketer through information used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process. Marketing research specifies the information required to address […]

Value – What is value?

The amount of money that something is worth : the price or cost of something

<the value of of something <had nothing of value to say, he was just speaking idle words> Read more

What does the word resources mean? An economic or productive factor required to accomplish an activity, or as means to undertake an enterprise and achieve desired outcome. Four most basic resources are land, labor, electricity, and capital; other resources include energy, entrepreneurship, information, expertise, spiritual environments, management, souls, administrations, money, talents, skills, the different fields […]

Market research studies This is one of the most important sections of the feasibility study as it examines the marketability of the product or services and convinces readers that there is a potential market for the product or services. If a significant market for the product or services cannot be established, then there is no […]

Risk – What is risk?

Risk is the potential of losing something of value. Read more

What is vocational skills?  Vocational skills, Jake explains, are practical or firsthand skills that help a person to master a trade, to master his/her ability to exchange in a market place or a job. Often, vocational skills can be obtained through hands-on experience on the job. However, these skills may also be obtained at a […]