Strategic Alliances: How They Work in Business.

. Strategic Alliances: How They Work in Business What are the 5 components of a strategic relationship? The 5 components of a strategic relationship are as follows: 1. A shared vision or goal: This is perhaps the most important component of a successful strategic relationship, as it provides a sense of purpose and direction for … Read more

What Is the Human Development Index (HDI)?

The Human Development Index (HDI) is a measure of a country’s average achievements in three basic dimensions of human development: a long and healthy life, access to knowledge, and a decent standard of living. The HDI is the composite index used by the United Nations Development Programme (UNDP) as a way of measuring a country’s … Read more

Retail Inventory Method.

The Retail Inventory Method (RIM) is a technique used by retailers to estimate ending inventory levels and cost of goods sold. The RIM estimates these two key financial metrics by valuing a company’s inventory at the lower of cost or market and then applying a historical sales pattern to estimate the cost of goods sold. … Read more

Crossed Check: What It Is and How It Works.

Crossed Check: What It Is, What It Means, and How It Works What is account payee crossing? “Account payee crossing” refers to a bank’s policy of not honoring checks that are made payable to a third party. In order to enforce this policy, banks will typically place a notice on the face of the check … Read more