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SWOT Analysis: An Effective Decision-Making Tool

January 25, 2019

In today’s market, it is necessary for every business regardless of size and industry to embark upon the constant revision of well positioned it is in the market and SWOT analysis is the best way to do it. For business organizations, SWOT is a useful technique that allows them to understand their strength and weakness. It is extremely useful when it comes to taking important decisions regarding the business and organizations. The term SWOT stands for the Strengths, Weaknesses, Opportunities…

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Business Statistics is Important for Business Strategy and Decision Making

May 18, 2018

julia-zoukhri

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Business strengthens an economy. Both in developing and developed nations, small businesses could be found everywhere employing the major chunk of the population and supplying much-needed goods and services. Small businesses are important for an economy for many other reasons like it provides a strong support to the big business houses, distribution channels, e-commerce, and government services. Their overall contribution to the GPD is unparalleled in any country including the USA, the UK, and Australia. Students often contact BookMyEssay’s Business…

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Understand the Basic Economic Concepts to Know the Subject More Elaborately and Work on the Assignments Efficiently

November 6, 2017

abram-scharf

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Economics is one of the most popular social science subjects with hundreds of interesting topics and applicable methodologies that are immensely important in any functional social system. The subject is complicated in many respects that mainly deals with rational choices that an individual, a group, or a nation can make or generally makes. Economics is not an isolated subject but related with other important subjects like sociology, statistics, mathematics, political science, anthropology, etc. Students who study economics may sometimes need…

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