Understanding Business Contracts: Sales, Leasing, Franchising, and More
EXTINCTION: Causes for the Extinction of General Obligations
a) Payment of the contracted debt or compliance with the agreed-upon conditions.
b) Loss or destruction of the goods.
c) Forgiveness of debt.
d) Confusion of rights of creditor and debtor.
e) Compensation.
f) Novation, which may arise due to:
- Variation of the object or conditions of the contract
- Substitution of the debtor
- Subrogation of a third party to the creditor’s rights
PROPERTY SALES CONTRACT
This document outlines an agreement where one person
Read MoreInternational Expansion Strategy: A Comprehensive Guide
Selection of International Expansion Strategy
A) The Elements/Components of an International Expansion Strategy
An international expansion strategy encompasses several key elements:
- Region/Country/Number of Markets: Consider market size, growth potential, economic stability, ease of market entry, sequence of entry, priority of entry, and markets that offer strategic value and potential returns.
- Classify, Rank, and Group Countries: Evaluate individual market attractiveness for the company to:
- Select Which
Socioeconomic Issues: Inequality, Wealth Concentration, and Corruption
Income Inequality
1. Definition
Income inequality is the unequal distribution of household or individual income across the various participants in an economy.
2. Why Does Income Inequality Exist?
- Bank bailouts: If someone manages their money improperly, they will go bust. When someone goes bust, banks take advantage of it and easily earn money.
- Quantitative easing: Central banks are unelected bodies. Money is printed as part of quantitative easing and is created out of nothing. Once printed, it goes
International Expansion Strategies: A Comprehensive Guide
Hofstede’s Cultural Dimensions
Hofstede’s cultural dimensions are a framework for understanding cultural differences across societies. They highlight that cultural values are not universal but vary significantly.
Key Dimensions:
- Power Distance: The extent to which less powerful members of a society accept and expect that power is distributed unequally. High power distance indicates a hierarchical society, while low power distance suggests a more egalitarian distribution of power.
- Individualism vs. Collectivism:
The Ultimate Guide to Customer Lifecycle Management & CEM
What is CLV?
The lifetime value of a customer, or customer lifetime value (CLV), represents the total amount of money a customer is expected to spend in your business, or on your products, during their lifetime.
When to Use CLV
- To identify which customers are worth acquiring and retaining.
- To determine where to target marketing programs to maximize the firm’s return on marketing investments.
- To understand the “true” value of a customer to a firm, including both revenues and costs.
5 Phases/Stages
Read MorePrivate Banking vs. Retail Banking vs. Commercial Banking: A Comprehensive Guide
Difference in Private Banking, Commercial Banking & Retail Banks
Private Banking:
- Range of banking & financial services offered to individual clients with high income & relevant financial wealth.
- Focus on investment advice & asset protection.
Retail banks provide banking services to the general public. Anyone can open a bank account.
Commercial bank provides credits to companies & manages accounts out of which salaries paid & which sales proceeds are received.