Introduction to Business

Comparative advantage is an economic term that refers to an economy’s ability to produce goods and services at a lower cost than trade partners. The…

Trade agreements are the product of negotiations between two or more sovereign countries that determine acceptable exchange terms for goods and services between the two…

Junk bonds are fixed-income securities that are rated below the investment-grade by one or more major bond rating agencies. In contrast to low-risk, investment-grade bonds,…

The Commerce Clause is a grant of power to Congress, not a restriction on the power of the states to control the economy. Commerce Clause…

Ethical consumerism is the idea that consumers should be able to pursue a range of ethical values ​​and policies and pursue a variety of ethical…

Consolidation is a very large corporation or organization, consisting of several joint ventures, it is formed by a takeover or merger. It is a multi-industry…

Factoring is a financial service where a business entity sells its bill receivables to a third party in exchange for a discount to raise funds.…

Manufacturing is a product made by hand or by a machine which is a business sale to a customer upon completion. These include all food,…

Service industry and Construction industry Service industries are involved with proving service of professionals. It is a type of business that provides services to customers…

Classifications of manufacturing industries are as follows: Manufacturing industries are concerned with the working of raw materials or semi-finished materials into finished products. That means…