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You’ve mastered the job interview, but now comes the hardest part: waiting. If the wait is too long, you can send a follow up email after the interview. By using a template for your interview follow up email, you can avoid common mistakes such as being pushy and rude, which could…
What are Sinus Milieus? The Sinus Institute has divided society into 10 groups based on scientific research, providing a comprehensive profile for each. In our dedicated article, we explain the model, provide a clear definition of Sinus Milieus, and outline the key groups of this…
If you’re looking to dissolve your company, you must tell state authorities. Even though the process can be stressful and involves multiple steps, it is fairly straightforward once you understand the individual stages. There are a couple of things you need to know. Which…
Many U.S.-based entrepreneurs are still not quite sure what the reverse charge is or what it entails. The procedure is all about transferring tax liability from the service providers to respective beneficiaries. In other words, the latter must settle the payment of taxes with the…
If the price of a product is increased or decreased, this has an impact on demand. The price elasticity of demand indicates how strong this impact is. It shows whether the demand for a product or service is elastic (fluctuating) or inelastic (stable) when the price changes. We…
Which products should your company focus on, and which are economically unviable? The contribution margin provides answers to this crucial question and allows you to draw conclusions about your company’s profit or loss. An accurate calculation of contribution margins is crucial…
When do you get paid maternity leave, if at all? Does parental leave affect your vacation entitlement? Many employees are concerned about these questions when expecting a child. Paid maternity leave in the USA remains a controversial topic for many, but knowing what you could be…
Do you want to bring a new product onto the market or offer a service that’s in demand? Then you first have to calculate the sales price. Doing this involves many factors. All conceivable costs as well as your profit margin must be incorporated into the price calculation. What…
To accurately assess a company and compare it with others, suitable key figures are essential. While year-end profit may seem like a straightforward metric, it isn’t always the best fit for every situation. Business analysts and economists often rely on alternative benchmarks.…
An investment is only a good investment when it is profitable. You can determine the return on invested capital by utilizing – among other methods – return on investment (ROI), one of the core indicators for business administration. We’ll explain the meaning of ROI, how it stands…