Economies of scale are the cost advantages resulting from reduced cost of production per unit due to an increase in the level of output. The […]
Tag Archives: Business
The Factors of Production
The factors of production correspond to the tangible and intangible inputs required to produce or manufacture a good or provide a service, as well as […]
Federal Employment Discrimination Law in the United States
There are several legal measures in the United States aimed at promoting equal employment opportunity and workplace equality. At the federal level to be specific, […]
How to Write a GDPR Privacy Notice
The General Data Protection Regulation or GDPR that took effect on 25 May 2018 has compelled individuals and organizations that operate websites with exposures in […]
How to Write a Capability Statement
A capability statement is a brief document used in a business-to-business transaction that precisely discusses the profile or describes the background and capabilities of a […]
Types of Financial Statement
A financial statement is a document that outlines relevant financial information about an entity. Note that this entity can be an individual, a business organization, a […]
Transfer Pricing: Definition and Explanation
Transfer pricing is a principle and practice in taxation and managerial accounting, as well as a form of government regulation, that involves standardizing the prices […]
Three Stages of Trust in Buyer-Seller Relationships
The relationship between a seller and a buyer can be complicated due to competing interests and priorities, the imbalance or shifts in power, and other […]
Background on Trade Secret Law in the United States
A trade secret is a category of intellectual property specifically defined as any confidential proprietary information used by a business or individual to gain a […]
An Overview of Trade Dress Law in the United States
Under the United States trademark law, trade dress is a legal concept and legal term pertaining to the art used to characterize the visual appearance […]