Diversifying Revenue Streams
Revenue streams in the business model refer to the ways a company generates income from its value proposition. These are the sources through which the business makes money. The software…
Accounting Profit and Its Usage in Economics
Accounting profit refers to the total revenue of a business minus its explicit costs which are associated with running the business. These costs include operating expenses, cost of goods sold,…
Customer relationships
This includes the nature of interaction between the business and its customers. In a business model, this refers to the types of relationships that a company establishes with its customers…
Accounting Period in context of Economics
An accounting period is a specific and consistent duration of time that is used to record and compile financial transactions into financial statements. The most common accounting periods include monthly,…