Product Management: A Comprehensive Guide to Product Development, Pricing, and Branding
Product
A set of benefits and services offered by a trader in a market. A favorable product is everything a person receives in an exchange.
A product includes tangible and intangible attributes such as (packaging, color, price, reputation of the manufacturer) that the consumer accepts as something that gives satisfaction to their desires or needs.
Classification of Products
- Consumer Products
These are products intended to be used and purchased by consumers, according to their wishes and needs. They can
Read MoreUnderstanding Financial Statements and Investment Strategies: A Comprehensive Guide
1)Structure finan.Statement: Balance sheet: a statement showing the financial position of the business. At a certain date(usially the end of the financial year); single document (easy to read, interprete and analise, judging its creditworthiness, its value as an investment.
2)Forms of balance: -account form balance sheet in two columns with liabilities on the left and assets on the right.-Report form balance sheet, more modern form listing assets, liabilities and ownership capital one under the other.
Understanding Islamic Law: Shariah, Fiqh, and Muamalat
1.Define and explain the following: Shariah, Fiqh and Muamalat? Describe the relationship between them?
Shariah is the Islamic law, which is
Based on the teachings of Quran and traditions of the prophet (Sunnah) that
Prescribe religious and secular duties and set penalties for law breaking.
Fiqh
Is the knowledge and understanding of Shariah law, relating to men’s act that
Has been derived from specific sources and evidences.
Muamalat are mainly acts
That involve interaction and exchange among people
Understanding Financial Statements and Investment Strategies: A Comprehensive Guide
1)Structure finan.Statement: Balance sheet: a statement showing the financial position of the business. At a certain date(usially the end of the financial year); single document (easy to read, interprete and analise, judging its creditworthiness, its value as an investment.
2)Forms of balance: -account form balance sheet in two columns with liabilities on the left and assets on the right.-Report form balance sheet, more modern form listing assets, liabilities and ownership capital one under the other.
Futures Contracts: An Introduction
Futures Contracts
A futures contract is a contract, much like a forward, with the difference being that it is not agreed upon directly between two parties but through an organized exchange, which requires that contracts be standardized.
Future Elements:
- Cost of delivery, which is the price agreed to exchange the asset.
- Date of expiry of the contract.
- The asset on which to make the contract, which is known as the underlying asset.
- The place that will deliver the asset.
- The amount of the underlying stipulated
Business Ownership & Distribution Channels in the UK: A Comprehensive Guide
Types of Business Ownership in the UK
Private Ownership
1. Sole Proprietor
This business is owned and operated by one person.
Advantages:
- Small capital required to start
- Complete control of the business
- Personal contact with customers
- Owner retains all profits
Disadvantages:
- Unlimited liability (owner is personally responsible for all debts)
- Lack of continuity (business may struggle if the owner is ill or dies)
- Owner must provide all capital
2. Partnership
A partnership consists of 2-20 people (with some exceptions)
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