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IGBizStudies
- May 27, 2021
- 1 min
What are profitability ratios
There are three (3) profitability or performance ratios. Gross profit margin, profit margin and return on capital employed.
580


IGBizStudies
- May 27, 2021
- 2 min
Revenue, cost and profit in income statement
How to calculate and use information on revenue, cost and profits in income statements 1. Revenue - Total sales 2. Cost of sale - Total...
630


IGBizStudies
- May 26, 2021
- 1 min
What is cash-flow and its importance
Cash is needed to pay business expenses. Cash flow describes how a business receives cash (cash inflow) and spends it (cash outflow).
400


IGBizStudies
- May 25, 2021
- 1 min
What is productivity and efficiency and why it is important
Productivity is the measurement of the amount of output a unit of input could produce. They are measured using the following formulas...
460


IGBizStudies
- May 5, 2021
- 2 min
What influences pricing decisions
The three (3) major factors influencing pricing decisions are cost, supply and demand Cost refers to the cost of production, which...
220


IGBizStudies
- May 5, 2021
- 1 min
What are extension strategies
Extension strategies help prolong the sales and profit of matured products They include; New versions of existing products, with...
160


IGBizStudies
- May 5, 2021
- 2 min
What is Product Life Cycle and its importance
Product Life Cycle is the process a product would undergo during their existence in the market. It starts with; Launch Growth Maturity...
170


IGBizStudies
- May 5, 2021
- 1 min
What is branding and why it is important
A brand gives an identity to a company that is distinct from other companies selling a similar product or service. A good brand can...
250


IGBizStudies
- May 4, 2021
- 1 min
Why and How do businesses compete
Competition drive business growth and can benefit consumers. They can also; Increase customer base and loyalty Increase revenue and sales...
440


IGBizStudies
- Apr 29, 2021
- 2 min
How to measure the size of a business?
Size of capital employed, market share, revenue/output volume, number of employees
520


IGBizStudies
- Apr 27, 2021
- 2 min
What is opportunity cost
Opportunity cost happens when we forgo an alternative activity or use of resources to produce goods and services. The benefits from...
420