Business Letter Styles and Correspondence Types
Item 5: Styles of Business Letters
There are several ways to style business letters. The main and most widely used in the business world are: Modern, Modified Modern, Professional, and Evolved.
Modern Style
Characterized by its simplicity in distribution and speed in typing.
Modified Modern Style
Very similar to Modern style, except the farewell, signatory formula, and signature are written from the center of the page to the right margin.
Professional Style
Indentation is used for the formulation of the
Read MoreUnderstanding the State Budget: Structure & Method
Budget: Concepts, Structure, and Production Method
6.1. Budget Concept
The budget can be defined as the accounting expression of a business plan for the Treasury, covering a specific period. It is the instrument that addresses the distribution of scarce resources among various needs. Its key features are:
- It’s a prediction formalized in a law.
- It has an accounting book.
- It is formally balanced.
- It is prepared for equal and successive periods.
The General State Budget is the encrypted, joint, and systematic
Read MoreSpain’s Economic Crisis and Recovery in the 1990s
The Crisis of the 1990s in Spain
During the early years of the 1990s, a slowdown in economic growth was accentuated. This was due to the influence of the global economic crisis and the deterioration of traditional, unresolved imbalances in the Spanish economy. In Spain during 1993, the worst moments were reflected in GDP, consumption, investment, etc.
The evolution of GDP in the depressive phase of the economic cycle, which began in 1990, reached its lowest point in mid-1993. For the first time in
Read MoreInformation Technology’s Impact on Organizations
Information Technology and Organizations Influence Each Other
Relationship Influenced by an Organization’s:
- Structure
- Business Processes
- Politics
- Culture
- Environment
- Management Decisions
What Is an Organization?
Technical Definition:
- A formal social structure that processes resources from the environment to produce outputs.
- A formal legal entity with internal rules and procedures, as well as a social structure.
Behavioral Definition:
- A collection of rights, privileges, obligations, and responsibilities that
Analyzing Brand Strategies: Vertu, Bezoya, and More
Brand Analysis: Strategies and Components
Vertu: Constituent Levels and Benefits
Commodity: Communication and status contribution.
Tangible Output: Brand, design, product quality, related accessories, and aesthetic benefits.
Symbolic Benefits: Guarantee, impact of butler service on positioning, brand positioning, and premium luxury glamour. Vertu has a strong interest in launching a range of products on behalf of Ferrari, reinforcing brand positioning as a luxury line with exclusivity and higher possibilities
Read MoreBusiness Organization: Structure, Principles, and Types
A business organization combines human and material resources, structured to achieve a specific goal. It involves a combination of available productive factors structured to derive maximum benefit.
Principles of Organization
- Principle of Unity of Command: Every employee must know who their boss is, and each boss must know their subordinates.
- Setting Objectives: The organization must clearly and precisely define its objectives to maximize benefits.
- Division of Labor: Workers must be specialized; everyone