For example, a Japanese firm may have signed a contract, but they may not feel bound by every detail of it-particularly if circumstances later change. 例如,一家日本公司可能已经签署了一份合同,但他们可能不会觉得受到合同每一个细节的约束,尤其是在以后情况发生变化时。 Such differences in value that...
A limited liability company (LLC) is a business structure that protects the owners from any losses, debts or legal liabilities that the business may incur.
Definition:A competitive advantage is the unique ability of a firm to utilize its resources effectively, managing to improve customer value and position itself ahead of the competition. In other words, it’s something that a company does better than its competitors because of some proprietary proces...
A successful brand is one that permeates every facet of society, every country, and every society. Well-conceived brand identities are those that everyone recognizes, even if they don't buy the company's products or have a firm opinion of the company's products or services. The best brand...
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A trustee is a person or firm that holds title to property or other assets in a trust and administers them according to the wishes of the trust creator. A trustee may be appointed for various purposes, such as to manage a trust created by a grantor after the grantor dies (and for bank...
Transparency: Stakeholders are people with an interest in a business, such as shareholders, employees, the community a firm operates in, and the family members of the employees. Without divulging trade secrets, companies should ensure information about their financials, price changes, hiring and firi...
The legal term for brand is trademark. A brand may identify one item, a family of items, or all items of that seller. If used for the firm as a whole, the preferred term is trade name.” “The art of aligning what you want people to think about your company with what people ...
A business continuity plan (BCP) audit can be performed internally or with the assistance of a third-party audit firm. Audit objectivity is critical to reviewing and updating the plan, so an outside firm might seem preferable, but an internal audit team offers a deeper familiarity with the bu...
What is the profit-maximizing condition for a monopolist and how is it different from a firm in perfect competition? What are the profit-maximizing conditions under monopolistic competition in the short-run? Which of the following is a condition for profit-maximization in a perfectly com...