Imperfect Competitors

What is ‘Imperfect Competition’ Imperfect competitors exists whenever a market, hypothetical or genuine, breaches the abstract tenets of neoclassical pure or perfect competitors. Because all real markets exist beyond the airplane of the ideal competitors model, each can be categorized as imperfect. The contemporary theory of imperfect versus best competition stems from the Cambridge tradition […]

Meaning of unsecured loans

This loan is provided to the borrower by looking at his creditworthiness. There remains no need for collateral security in this type of loan. Unsecured loans are termed as personal loans and signature loans., as these are borrowed without using property or assets as collateral. Loan unsecured funds like approval and receipt are mostly contingent […]

Is your business labelled as high risk? Here’s what to expect

What does it mean to be classified as a high-risk business? A high-risk business will inadvertently face issues in the future; some of those issues are highlighted below. However, before that, let’s figure out why a merchant could be classified as a high-risk merchant. The business sells products online The business operates in a highly […]

What is an audit?

A lot of people might have heard from “audits” but do not exactly know what an audit is. It’s logical to have this problem when you have never worked with audits before. But now, what is an audit? An audit is a control investigation to determine the status of certain aspects of a business. This […]

Fill the gap between business and IT

The most important parts within a business are the parts the people on the outside don’t see. The processes within the organisation are the heart and have the most impact on the final products and services a company can deliver to a costumer. Those inside business processes do rely very much on IT. I hear […]

How to Pick A Car Insurance Company?

You can’t legally drive a car and have no car insurance. Every state has some legal requirements about what must be done before your vehicle is registered, and you can drive it on the streets. However, this is not enough most of the time. A smart driver will look for a policy that will be […]

THE ORIGIN OF BUSINESS INFORMATION

Business information comes in general surveys, data, references, internal records, search-engines, books, and through many other sources. The information regarding businesses also comes from people like your relatives and your friends and accomplices. It can also come from vendors, associates, customers as well. The information regarding various businesses can be published through books and newspapers, […]