Shrinkflation occurs when firms reduce the size or quantity of a good and keep prices the same. Shrinkflation is an alternative to inflation. Rather than increasing prices you get a smaller quantity. Related concept- SkimpflationSkimpflation is a situation where firms – in response to higher costs – reduce the quality of a good/service. Skimpflation means...
Unicorns are privately held startup companies valued at over $1 billion The term was made popular in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the rarity of such successful ventures. there are now 30 unicorns with over $10 billion valuation in the world, They have been given the name...
Forensic auditing is a specialty in the accounting industry, and most accounting firms have a forensic audit department. It covers a wide range of investigative activities, often conducting steps to prosecute a party for fraud, embezzlement, or other financial crimes. It could also involve situations, such as disputes related to bankruptcy filings, business closures,...
What's the Difference? Companies often grow by taking over their competitors, acquiring a hot startup, or merging with the competition. Public companies need the approval of their shareholders and board of directors in order to get a deal done. However, if managers are against an acquisition, the acquiring company can still make efforts to win...
Company's income statement is typically the first stop for management teams seeking ways to reduce debt-to-equity ratios, improve profitability, and increase resilience. That’s for good reason: Creating long-term value requires sustainable growth, as well as changes to margins and cost structure. Yet few companies give much thought to the assets and liabilities on a balance...
McDonald's McDonald's was the first central international fast-food restaurant that had a first drive-thru window. Today, McDonald's continues to lead the innovation in the fast-food industry.McDonald's history dates back to the late 1940s when Richard and Maurice McDonald opened a restaurant featuring 15 cent hamburgers. Their service system caught the eye of Ray Kroc, who...
Considering conducting a feasibility analysis to investigate the viability of a potential business Idea ? Answering the following questions will help you through the process. By using these as a guide, it will help you move through the process efficiently while helping you get the most out of the analysis. ⇰ WHATAn assessment of the...
Hertzberg’s Two-Factor Theory The Two-Factor Theory of motivation (also known as dual-factor theory ) was developed by psychologist Frederick Herzberg in the 1950s, after analyzing positive and negative feelings about work from 200 samples. Herzberg found 2 factors that influence employee motivation and satisfaction… 1. Motivator factors – These are factors that lead to satisfaction and motivate...
That document containing business goals, the methods on how these goal can be achieved and when they would be achieved is a Business plan. Funders (whether a bank or an investor) and business promoters want a business plan to answer these questions:What problem does the company's product or service solve? What niche will it fill?What...
We have seen many companies have mission statements, but what is the purpose, what does it achieve? A corporate mission statement is an enthusiasm and passion that lights up employees, delights customers, and shines for investor. And it’s so much more than just a statement Its purpose. A mission statement answers the question, what would the...
