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
The definition of closing entry is the operation through which the record of operations of a company is stopped, to provide a vision of the equity, the economic situation of the company and the results at a certain point in time. The closing entry is intended to make the debit balances equal numerically with the … Read more
The preferred creditor is a legal person with a priority right to collection due to the suspension of payments or bankruptcy of the debtor derived from its institutional nature, or because it has some type of guarantee. It is the one with the highest collection rights. Having the preferred label or category is very important … Read more
To think about the meaning of CEO, is to refer to the Chief Executive Officer, or Executive Director. It is the highest position of responsibility within the administration of a organization. In most cases, it refers to large companies that are even usually listed on the stock market. But it's not always like this. It … Read more
The concept of CRM refers to the acronym Customer Relationship Management, a term that is used in the sector of the marketing and sales, which translated into Spanish could be defined as customer relationship management. The meaning of CRM in marketing is the strategy focused on user satisfaction and loyalty, which is why it is … Read more
The concept consumer refers to the organization or individual who consumes goods or services that Suppliers and manufacturers put at your disposal in the market in order to satisfy any of your needs. It is the last step in the production process, specifically the end customer. En economic terms, the consumer is the figure that … Read more
The fundraising, or also called bank fundraising, as its name suggests, is to capture or collect money from people or organizations. This money that captures The benchDepending on the type of account you have, it generates interest (deposit interest), which is defined by the so-called deposit interest rate. Ultimately, what the bank is interested in … Read more
A commission is a percentage of the value of a certain transaction or activity that is charged to the customer or paid to the seller as a result of the functions that it has performed. This commission materializes in money that is charged as an incentive for certain efforts or as a charge for a … Read more
