Business Practices

Abuse of Dominant Position: Unfair Market Practices
The use of anticompetitive business practices by a dominant firm to maintain or increase market share, either in the product market or in a geographic market.
Advertising Ethics: Principles Guiding Truthful and Non-Deceptive Advertising Practices
Detailed exploration of advertising ethics, encompassing the principles and guidelines aimed at ensuring truthful, non-deceptive, and responsible advertising practices.
Bronze Parachutes: Exit Packages for Lower-Level Employees
Comprehensive guide to understanding bronze parachutes, their historical context, key events, formulas, importance, and applicability in business practices.
Cartels: Associations Controlling Production and Pricing
An in-depth analysis of cartels, business combinations that control production, pricing, and marketing to engage in horizontal fixing practices.
Corporate Governance Code: Framework for Ethical Corporate Conduct
The Corporate Governance Code is a set of best practice guidelines in corporate governance that ensures transparency, accountability, and ethical conduct in corporations. First issued with the Hampel Report of 1998, it incorporates recommendations from the Cadbury and Greenbury Reports and is regularly updated.
Corporate Social Responsibility: Ethical and Social Obligations Beyond Profit
An in-depth exploration of Corporate Social Responsibility (CSR), encompassing its history, types, key principles, real-world applications, and significant implications for businesses and society.
General Meeting: Overview and Significance
A comprehensive guide to general meetings, their types, significance, procedures, and key considerations in corporate governance.
Periodic Inventory System: Inventory Tracking System
An inventory tracking system where updates are made at specified periods, usually coinciding with physical counts, unlike perpetual systems that continuously update inventory.
Unfair Competition: Business Practices and Legal Implications
Unfair competition refers to business practices complained of by firms whose rivals offer prices or use methods with which they are unable or unwilling to compete. Examples include allegations of subsidies, cheap loans, and less stringent laws on health and safety.
Consultant's Reports: Expected Deliverables
A detailed guide on the various types of reports a consultant is expected to prepare, including standard practices and examples.
Doing Business: Definition and Implications
Understanding the concept of 'doing business', its legal implications, and the criteria used to determine whether a corporation is conducting business within a state.
Milking: Taking Full Advantage of a Situation
Milking refers to the act of taking full advantage of a situation for a company's or one's own personal gain. This practice can be observed in various business and personal contexts.
Finder's Fee: Definition, Standard Fees, and Examples
A comprehensive guide on finder's fees, covering their definition, standard fee structures, examples, historical context, and applicability in various industries.
Request for Quote (RFQ): Definition, Usage, and Importance in Business
A comprehensive overview of the Request for Quote (RFQ) process, detailing its definition, the steps involved, and how businesses utilize RFQs to procure goods and services effectively.
Voodoo Accounting: A Deep Dive into Creative and Misleading Accounting Practices
Explore the intricacies of voodoo accounting, including its definition, mechanisms, examples, and implications. Understand how these practices deviate from conservative and proper accounting standards.

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