A business model in which a distributor network is needed to build the business. Usually, this term is also well versed as Multilevel Marketing in which payouts occur at more than one level. Network Marketing is a mode of direct marketing by the manufacturer. It consists of recruiting independent business persons who act as distributors of the company’s products. Each … [Read more...] about Top 7 Benefits and Limitations of Network Marketing | Meaning
Entrepreneurship and Career
21 Benefits and Limitations of E-Commerce Businesses
‘Electronic commerce’ refers to all forms of business transactions which are carried out through electronic processing and transmission of data including text, sound, and visual images. The term electronic commerce or e-commerce as it is popularly known; refers to a comprehensive system of trading that uses networks of computers for buying and selling of goods, … [Read more...] about 21 Benefits and Limitations of E-Commerce Businesses
12 Merits & Demerits of Business Process Outsourcing (BPO)
Business Process Outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions (or processes) to a third-party service provider. Through outsourcing, a firm can get various tasks done by specialized agencies. For example, it may entrust repair and maintenance of air conditioner and other … [Read more...] about 12 Merits & Demerits of Business Process Outsourcing (BPO)
21 Advantages and Disadvantages of Franchising (Explained)
A ‘franchise’ means the special right given by a manufacturer or a parent organization to another individual or firm to sell to the former’s product or service in a specified given area(s). Franchising is a term which defines the business relationship between two organizations where a franchisor, who is the owner of a brand name, product, or system of a business, permits a … [Read more...] about 21 Advantages and Disadvantages of Franchising (Explained)
Intrapreneurship: Meaning, Concept, Features, Differences
Intrapreneurship is a combination of entrepreneurship and management skills. In simple words, Intrapreneurship is the practice of entrepreneurship by employees within an organization. Meaning & Concept A dictionary meaning to word provides that, “A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product … [Read more...] about Intrapreneurship: Meaning, Concept, Features, Differences
