“Company turnover” can refer to revenue, employee turnover, or asset rotation, depending on the context. High or low turnover can be desirable, and it can provide insight into a company’s overall health. It’s important to clarify the meaning and measures used to calculate turnover. The term “company turnover” can have several different meanings, which can […]
Injection molding involves melting plastic and injecting it into a mold to create products such as furniture, bottle caps, and car parts. When choosing a company, consider quality, reputation, price, and delivery time. Quality is important for safety, reputation can be checked through references and credit reports, price should be compared through identical specifications, and […]
Creating a company vision requires creativity, clarity, and a willingness to take risks. The process involves brainstorming the business identity, identifying the core message, and communicating the message to employees and customers. It is important to gather a group of creative people to help with the process and to incorporate the vision statement into the […]
The United Fruit Company was an American company that operated in South and Central America, known for its questionable business practices. It controlled large amounts of land and shipping, and was accused of exploiting workers and manipulating governments. It was involved in the “banana massacre” in Colombia. The company was merged with another to become […]
The margins of society refer to those who live outside accepted social norms, such as the impoverished, homeless, mentally ill, and certain racial groups. Democracy tends to work best for those who function well in society, leaving those on the fringes with little influence. Homeless and illiterate individuals may struggle to participate in democracy, while […]
A livery company can refer to a trade association in the City of London or a facility that maintains leased vehicles, both with origins in the symbolic items used to identify belonging. London livery companies historically oversaw professional standards and some continue to regulate industries, while others act as trade associations or charitable organizations. Livery […]
Private enterprise can refer to a company owned by individuals and not controlled by the government or a company that is not publicly traded. Publicly traded companies must disclose information to protect investors, while private companies keep information proprietary. Private companies can transition to public companies through an initial public offering. Advantages of private companies […]
Choosing between a sole proprietorship and a corporation requires understanding the impact on costs, financial liability, government involvement, and regulations. Seek professional advice before making a decision. Before trying to choose between a single company or company, you need to have a good understanding of each business form and the impact it will have on […]
Layoffs occur when a company experiences a drop in sales or revenue, resulting in employees being temporarily dismissed. Benefits may be affected, but terminated employees may be reactivated in the future. Companies may help employees claim unemployment compensation. Terminated employees may receive compensation for accrued vacation and personal days if the status changes to termination. […]
A company credo defines the principles of an organization and can include mission statements and core beliefs. It has evolved to include promoting the well-being of employees, marketing, compliance, and corporate philanthropy. Good corporate citizenship is reflected in detailed creeds. A company credo is a statement that literally defines the underlying principles of a company […]
A company union, also known as a yellow union, is a localized union organized by employees within a company without affiliation to any national union. It aims to give employees a unified voice and vote on matters affecting their livelihoods, but detractors argue it can be weak in certain areas. Sometimes known as a yellow […]
Reading newspapers and industry news, finding a mentor, attending training courses, and participating in vocabulary-building activities can improve business vocabulary for effective communication in team meetings, employee reviews, and training sessions. Industry-specific vocabulary is crucial for effective communication with colleagues and customers. Improving your business vocabulary involves employing many of the same methods used to […]
Choosing a cable company depends on location and available options. Cable companies offer TV programming, internet access, and phone service, often in bundles with upfront incentives. Consumers should compare channel offerings, repair times, and ask for recommendations. Satellite providers offer better image quality but are less reliable in extreme weather and may require additional equipment. […]
A practice firm is a virtual business simulation that mimics real-life scenarios to improve students’ skills in creating and operating a company. It allows entrepreneurs to test their ideas and helps students understand the inner workings of a business. The hands-on approach prepares students for real-world challenges. Also known as a practice firm or practice […]
A company credit card can be used by all members of a company or issued to specific employees for business expenses. Careful record-keeping is necessary to avoid misuse, and employees should clarify with employers before using rewards or gift certificates. Reimbursement is an alternative to using a company credit card. A company credit card can […]
To become licensed and bonded, a business must first learn the licensing requirements in their area, apply for a license, and then contact a title agency to apply for bonding. Once approved, the business signs necessary forms and pays a premium. The steps a business must take to become licensed and bound depend on the […]
To start an S corporation, use government resources to register, choose the right time for tax election, and make provisions for purchase. The process is the same as for any corporation, but with an additional step for election. The IRS restricts the number and type of owners, and a shareholder purchase agreement is recommended. The […]
A CIC is a type of company in the UK that aims to work for the public benefit but does not qualify for charitable status. It offers more flexibility than charities, protects assets, and has weaker eligibility criteria. However, it does not receive the same tax advantages as charities and has specific restrictions. A community […]
A springbok or gazelle company is a rapidly growing business generating annual sales of $1 million or more per year, creating new job opportunities. Government support for individual entrepreneurs, tax incentives, and easing regulations can create more gazelles to stimulate the economy. A culture of innovation and finding a niche market are key to success. […]
Company culture refers to the beliefs, attitudes, behaviors, and values unique to a company. It can benefit or harm a company and is responsible for how things are done. Google invests heavily in its culture, which reflects its mission. Assessing a company’s culture is important for potential employees. Culture used by itself refers to the […]
