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Category Archive for 'Business'

Price Elasticity of Demand

This hypothetical scenario will provide information for effectively using pricing tools.
The goal of every business is to make a profit, and if a business is not profitable as a whole or in certain areas, to identify opportunities to achieve profitability. Global Mobile is such a business with a particular mobile phone rate plan that has [...]

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Vision & Mission Statement

Vision Statement
The Time Thoughts website states that a vision statement “describe your own unique vision of what an ideal experience in each of your life areas would be like…and tend to focus on the distant future looking forward five to ten years. They represent an ideal outcome.” They go on to define mission statement [...]

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In 2001 our economy experienced the brunt of two important events. The first was the recession that started in March of 2001 led to the bursting of the dot-com bubble that rocked the technology industry, literally causing many companies to suddenly shut down operations or go through multiple sessions of layoffs just to stay [...]

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Resources for Entrepreneurial Teens

I just came across a couple of great resources for teens looking to explore business opportunities. The U.S. Small Business Administration has a section on their website devoted to just that subject. It’s called the Teen Business Link and it covers how to generate ideas, create a business plan, money matters, legal issues, [...]

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Free Annual Credit Report

If you have not looked at your credit report in the last year, I highly suggest you do. In the age of identity theft and stolen or lost computers and external hard drives containing personal information, keeping tabs on your credit report is an absolute must. The Fair Credit Reporting Act requires each [...]

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