Thebizwise

Chain of command is order given from leaders to those people who are being lead.This simply means how instructions and order are to be executed. In business,chain of command simply means how instructions and order flows from senior employees to junior staff employees. In larger companies or organization's,chain of command on how to improve business performance starts from the board of directors who set strategies which are passed to the managers who then pass instruction to be executed to the senior employees.The senior employees then forwards the instruction finally to the junior staff employees.The function of junior staff employees is to ensure that the instructions and order given to them are executed or implemented according to how they receive them from the senior employees. So chain of command is of necessity to any business,company or organization's as it enable smooth flow of communication's and activities from the business owners to the employees within th...

Market is any place where trade or commerce or changed then exchanging of goods and services for cash is carried out.Market is also defined as techniques used by entrepreneurs to promote or advertise their goods and services in order for the consumers to have clear ideas on the goods and services which is being marketed. When defining market as place where goods and services are being exchanges for cash then market can either be open,closed or transition: Open market Open market is a large space which can either be open or only have roofing shade for sellers to openly display their goods and services for selling them to customers. Closed market Closed market is market which has enclosed building's.The seller of goods and services have their own shops where they keep their stocks for selling them to customers.Once they are through with the day's work,they simply close their shop doors thus making closed market more secure than open market. Transition market Tra...

Advertisement is techniques used by business people to make their products and services become awared by customers. Advertisement are usually carried out either through mass media such televisions,radios,newspapers and magazines or through banners,pamphlets and leavelets.Advertisement can also be carried out online such as through emails,websites or through social media platforms. Advertisements can be carried out either: To inform customers about the availability of certain products and services or either to inform customers about changes in prices for certain products and services. Advertisement can be carried out inorder for the company to have large market share for its products and services so as to stay in better state economicaly. Advertisement can also be carried out incase a new competitor had entered the market and their brands have not being well recognized so the new company will have to advertise inorder for the company together with its brand become awared to ...

Investments are all assets or activities which generate income. An entrepreneur can invest by establishing the business or enterprise so that they can make income from their own business's. An entrepreneur  can also invest by purchasing physical assets such as machines,equipments,house's or motor vehicles and then use these assets to generate income for themselves. An entrepreneur  can invest by saving cash at bank to earn interests.Fixed deposit account have higher interest rates than savings account and current/transaction account. An entrepreneur  can invest by issuing loan's to other stakeholders who will return the loan's together with interests to the issuer. An entrepreneur can invest by trading in stock exchange either by purchase stocks or shares when their value have lowered before selling them when their value had risen or instead of selling the stocks/shares,they can wait to receive dividends. An entrepreneur can invest through trading in foreign...

Business usually starts as small entity,usually it's single individual who just think of a simple idea and he/she thinks critically on how to convert the idea into income generating activity.By doing so he/she becomes an entrepreneur. A times come during his/her business activities that he/she starts gaining more customers and more responsibilities starts to overcome him/her so he/she had to employ more staffs to assist him/her to carry business activities effectively. The business grows that way until he/she can not operate the business himself/herself because of financial constrain,so he/she decides to partner with other stakeholders to run and manage the business. It still happen that the partnership does not work very well as they can not sustain themselves financially due to more financial responsibilities,so they again decide to sell share internally before they finally decide to sell shares to public by listing themselves at stock exchange. Related links Entrepreneu...

Investments are all assets or activities which generate income either to an individual or business's. One can invest by establishing the business or enterprise so they become entrepreneurs. One can also invest by purchasing physical assets such as machines,equipments,house's or motor vehicles for doing transport business's. One can invest by saving cash at bank to earn interests.Fixed deposit account have higher interest rates than savings account and current/transaction account. One can also invest by trading in stock exchange where they can either purchase stock when their value have lowered before selling them when their value had risen or they can wait to receive dividends. One can also invest by trading in foreign exchange where an individual purchases currencies for other countries when their exchange rate had gone down and they wait until the exchange rate for those currencies have risen again before they sell back the currencies they had initially purchase...