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
The term engagement is used in the business world to define the level of involvement and commitment of a worker with his organization. A translation of engagement can be loyalty or commitment. An employee's engagement is reflected in the results of their work and in the level of involvement, translating at the same time into … Read more
The commercial code is the legal regulation followed by companies that serves to regulate their activities in monitoring their operations and commercial relations. Therefore, the concept of commercial code is defined as the legal legislation that regulates the activity of any company. Of course, the characteristics of the commercial code vary according to which country. … Read more
The meaning of competitive advantage refers to the advantage that a company, person or organization compared to other entities in the same sector, which ends up placing them in a position of superiority. In this way they will be much more competitive in the market. There are several conditioning factors that can define competitive advantage, … Read more
