Managerial accounting is used by a company's managers to help in planning and implementing day-to-day operations. According to Accounting in Focus, managerial accounting is used in businesses such ...

Product pricing can spell the difference between success or failure of a retail apparel business. Charge too little, and you won't make enough to cover your costs. Charge too much, and your ...

Your company's inventory policy affects its ability to turn sales opportunities to sales revenue quickly, allows it to take advantage of quantity discounts, and safeguards against price changes or ...

Most profitable corporations point out their successes to proper management of their human resources (HR). This is also true for small businesses, and because small companies lack the financial ...

Employees may not fully understand how much they cost their employer, perhaps thinking that their salary and benefits are the only expenses the business must incur. Salaries and wages account for ...

Texting or SMS -- short message service -- is a fast, relatively low-cost way to connect with customers, employees, vendors and carriers. It's also an efficient communication tool, as no more than ...

Rumors and gossip in the workplace are a serious problem. They can hurt the organization's reputation, decrease morale and damage productivity. There are many reasons employees may spread rumors ...

Governments establish many regulations and policies that guide businesses. Some rules, like minimum wage, are mandatory, while other policies may influence your business indirectly. Businesses ...

National economies are a mix of consumer, business and government financial activity, with consumer spending the largest driver of the U.S. economy. Consumer spending accounted for approximately ...

President Coolidge once said the chief business of the American people is business. Indeed, the private sector is the country's chief economic force, but it needs government regulation. The U.S ...

The invention and popularization of the internet has introduced a massive wave of changes to business, and in the way the world does business. In fact, the internet made the global marketplace ...

For many business owners, it would be impossible to imagine running a company without the internet. Yet for others, the possibilities it presents are anything but obvious. Just a few years ago ...