When most people think of workplace harassment, they automatically think of sexual harassment. While sexual harassment is one very serious type of workplace harassment, the term covers a variety of ...

A limited liability company (LLC) and a corporation share similarities, such as providing limited liability protection for its owners. Both an LLC and a corporation appear as separate legal entities ...

Acumen refers to the ability to think quickly, use good judgment and understand concepts, often in a particular area. Financial acumen refers to your ability to see the financial effects and ...

Free trade is meant to eliminate unfair barriers to global commerce and raise the economy in developed and developing nations alike. But free trade can – and has – produced many negative effects, in ...

An organizational structure is the method that an organization employs to delineate lines of communication, policies, authority and responsibilities. It determines the extent and nature of how ...

Organizational change can happen for several reasons, including financial concerns, a merger or acquisition, expanding markets, accommodating growth or a simple shift in business model. Whatever the ...

In reference to business, the terms Tier 1 and Tier 2 usually refer to the manufacturing industry. The relationship between the original equipment manufacturer (OEM) and its tiers is crucial to the ...

Normal can be a state of mind: What's a normal markup in high-end fashion may be an inflated figure for a fast-food franchise. To arrive at a realistic markup percentage, investigate markups in your ...

A contingency fund is money reserved to address unforeseen financial circumstances in a business. This can include an opportunity to purchase a large asset at a reduced cost, or an emergency, such as ...

All businesses lose customers, and some businesses lose customers at a faster rate than others. The problem is known as customer churn – the number of customers who leave the company in a given period ...

Life is challenging. To meet the needs of employees juggling responsibilities at home and in the office, employers establish paid time off, or PTO, programs. PTO gives employees a set number of days ...

If your business has an inventory, its value is an important part of your taxable income. Writing off inventory that's damaged, stolen or unsellable can cut your tax bill. Federal tax law allows you ...