Category: Business Essay Examples
See our collection of business essay examples. These example essays are to help you understanding how to write essays on business-related topics. The word “business” can refer to a particular organization or to an entire market sector (for example: “the financial sector”) or to the sum of all economic activity (“the business sector“). Compound forms such as “agribusiness” represent subsets of the concept’s broader meaning, which encompasses all activity by suppliers of goods and services. Also, see our list of business essay topics to find the one that interests you.
For American companies to conduct successful business globally, cultural values must not be ignored. The attitude of “if it works in America, it will work anywhere” should not prevail. If cultural values are ignored, a businessperson’s effort to forge a relationship will be met with resistance, for even …
The term currency generally refers to the official means and regulations of payment of a country or region, which have been legally introduced and which are accepted (by law) as a compensation for goods and services. Currency includes banknotes and coins and represents a sub-category of money. Money …
Firms doing business in more than one currency (i.e., U.S. dollar, euro, yen, etc.) face currency exposure. This exposure arises from the fact that, in the current global environment of floating exchange rates, the value of a currency relative to other currencies (its exchange rate) is constantly changing—rising …
A currency speculator is an individual who trades in the foreign exchange market with the sole purpose of making a profit. For example, if the British pound is falling relative to the U.S. dollar, currency speculators will sell pounds, expecting to buy them back again sometime in the …
A currency zone or optimum currency area is defined as a geographical region in which there is a single currency or several currencies that are pegged to each other so that the currencies can fluctuate only against the rest of the world. Currency zones eliminate exchange rate uncertainties …
The current account measures transactions in goods, services, and income, as well as current transfers between residents and nonresidents of a country. As such, the current account records the value of real resource transactions (i.e., exchanges involving goods, services, and income) and current transfers (i.e., unilateral transfers such …
The global custody business is the safekeeping of clients’ assets. It includes processing cross-border securities trades, keeping financial assets safe, and servicing the associated portfolios. Institutional investors, money managers, and broker/dealers are among those who rely on custodians and other market participants for the efficient handling of their …
Customer relationship management (CRM) is a customer-centric business philosophy, policy, and strategy that focuses on processes and systems that organizations undertake to enhance their relationships with customers. Customer relationship management is based on the premise that a stable customer base is a core business asset, and further, that …
Organizations compete in their markets basically in two ways: By offering products and services at lower prices than competitors do and by offering better products and services than competitors do. In the first case, an organization relies on cost leadership business strategy and in the second case on …
Customization refers to the efforts of companies to offer goods and services specifically designed or customized according to the needs of a particular customer, a group of customers, or an entire market (country). The core of customization or customization strategy is the focus on specific customer needs. The …
A customs broker is a company or individual licensed by the host country to act on behalf of importers and exporters. The broker handles the formal paperwork to assure legal compliance and speed in the importing process. While brokers are involved in expediting imports, they are often hired …
A customs union is a treaty signed between two or more countries to promote trade between participants. The countries in the customs union establish a common free trade market with each other while simultaneously maintaining a common trade barrier for foreign goods. This agreement is the third step …
Woonsocket, Rhode Island–based CVS Caremark (NYSE:CVS) is the largest U.S.-based integrated pharmacy service provider, combining one of the leading American pharmaceutical benefit management companies (Caremark) with the country’s largest pharmacy chain (CVS). The U.S. healthcare system is struggling to manage growing costs as employers shift responsibility for managing …
Cyprus is an island in the Mediterranean Sea whose political status is dominated by the division of the country into the Greek-Cypriot southern area (Republic of Cyprus) controlled by the Cyprus government and the northern area that is administered by Turkish-Cypriots. The Greek-Cypriot part of the island enjoys …
The Czech Republic, capital Prague, is a small landlocked central Eastern European state with a population of 10.2 million. The lands of Bohemia and Moravia were an advanced part of the Austro-Hungarian Empire. When the empire collapsed in 1918, a new Czechoslovak state was formed. This lasted until …
Dai-ichi Mutual Life Insurance (Dai-ichi Seimei Hoken Sōgo-gaisha) was founded on September 15, 1902, by Tsuneta Yano, and it is the oldest mutual insurance company in Japan. It took its name from the Dai-ichi Bank Ltd. that had been established in June 1873, the first banking institution established …
The Deutsche Aktien Index (DAX) is a blue-chip index tracking 30 major stocks on the Frankfurt Stock Exchange (FSE), with prices taken from the Xetra electronic trading system that has been in use since 1997. One of the biggest stock exchanges in the world, FSE is also considered …
DaimlerChrysler was the name of the entity created by the 1998 merger of two of the most storied names in automotive history, the Chrysler Corporation of the United States and the Daimler-Benz AG of Germany. This was the first major merger of an American and a German auto …
Debt is the state of owing something to another party. It is generally assumed to involve the transfer of financial assets, but in the barter economy the payment is executed in kind. It is important for both lender and borrower to reach an agreement about a deferred payment, …
A debt-for-equity swap is a financial transaction in which creditors who have debt in a company (such as loans or bonds) agree to have these debts canceled in exchange for equity in the business. Hence, this transaction alters the capital structure of the firm. It does not generate …