A charter is a legal and mandatory document for the constitution of a company, society or organization. Regardless of the legal form it has. The articles of incorporation are drawn up in order to serve as the legal basis for the incorporation of a company. This document is drawn up by a notary public and … Read more
Certification is the procedure by which an authorized body validates certain aspects (quality, fidelity, etc.) of an organization, institution or person. In order to obtain the certification, certain conditions or requirements must be met, which will be evaluated by the corresponding body. It will only be valid if the certifying entity is absolutely independent and … Read more
The definition of consortium is the union of several entities that have common objectives and that choose to join forces in a joint strategy. The consortium concept should not be confused with the merger of companies, since in the first case each company maintains its independence but adopts a framework of relationships with the same … Read more
Corporations or Corporate Societies are legal persons formed by groups of individuals that act together for a specific purpose. This association of people acts as a single company and its activity is governed by rights and obligations established by law. Some of these rights and obligations they resemble those of natural persons. Corporations are usually … Read more
The purpose of the linear correlation coefficient is to determine the degree of intensity that exists between two data or variables. For this reason, the linear correlation coefficient serves to check when the relationship between two variables is linear. The concept of linear correlation coefficient is also known as Pearson's coefficient and is part of … Read more
In economic terms, a comparative advantage is the ability of a country to produce certain consumer goods with the lowest opportunity cost compared to other countries, which, although they could produce the same good, would do so using greater resources. This concept is therefore based on each country specializing in the production of those goods … Read more
One meaning of coworking is the way of working that allows entrepreneurs, SMEs and independent professionals from different sectors to share the same workspace independently, but always with the possibility of generating synergies. In recent years it has become a very interesting option for new entrepreneurs, since they can have an office without having to … Read more
Currency is all that money that is circulating publicly and that is issued by a State or by the Central Bank. In addition, the meaning of currency also refers to the type of currency that is specific to each country. The concept of currency comprises at the same time a differentiation. On the one hand … Read more
The concept of contribution margin is the difference between the sales price minus the variable costs. The definition of contribution margin is also considered the excess of income in relation to variable costs, an excess that must cover fixed costs and profit. Contribution margin elements The contribution margin is made up of different elements that … Read more
The terms cross marketing, cross marketing or cross selling, refer to a concrete and simple way to increase sales. Fundamentally to a sales strategy consisting of selling complementary products or services to their clients. What is cross marketing? The basis of this technique is that it is easier to sell to customers than to people … Read more
