Interest on Notes Payable Journal Entry Notes payable are a type of long-term liability that represents a loan that a company has taken out from a lender. The loan agreement is typically in the form of a promissory note, which…
Issuing Stock Journal Entry Company stock, also known as equity, is a security that represents ownership in a company. When you buy company stock, you are essentially buying a piece of the company. This means that you have a claim…
Reasons of Cheque Return What is cheque? A cheque is a written document which authorizes the withdrawal of funds from a bank account. It must include the name of the payee, the amount to be paid, and the date. Cheques…
How To Make Money From SaaS? Key Takeaways SaaS offers a cost-effective solution for businesses to make money by eliminating the need for software installation and hardware maintenance, reducing upfront costs, and allowing scalability. Various revenue generation strategies can be…
How To Charge For Subscriptions What is subscription-based pricing? Subscription-based pricing is a payment structure in which customers or businesses commit to purchase a vendor’s products or services for a specific period of time. This payment structure is usually committed…
Unethical Pricing Key Takeaways Unethical pricing practices include excessive prices, market manipulation, price discrimination, price gouging, price collusion, false advertising, yo-yo pricing, and predatory pricing. Unethical pricing can lead to complaints, investigations, sanctions, and legal action. Transparency, fairness, and adherence…
Competitor Based Pricing | Pro & Con | Key Takeaways Competitor-based pricing may prevent companies from taking advantage of customers’ willingness to pay more for certain features or services. Missed potential revenue can result from competitor-based pricing. Setting prices too…
Average Customer Acquisition Cost SaaS Key Takeaways CAC is a measure of the cost of acquiring customers in the SaaS industry. Monitoring CAC over time helps identify trends and make resource allocation decisions. Lower CAC indicates better performance, but it…
Pricing Structure Key Takeaways Pricing structure is essential for determining the profitability of a business. Different types of pricing structures include market penetration, price skimming, psychology pricing, premium pricing, and economy pricing. Building a pricing structure involves understanding business objectives,…
What is demand-based pricing definition and advantage Demand based pricing is a pricing strategy used to set prices in the market based on customer demand for a service or product. In this pricing strategy, a product or service’s price is…
Understanding Unity of Command in Management: Principles and Advantages Principles of Unity of Command Unity of command is a fundamental principle of management that states that each employee should receive orders and instructions from only one superior. This principle ensures…
The Pros and Cons of Supply Chain Management: What You Should Know Advantages Improved Efficiency Supply chain management helps the organisation streamline processes and eliminate inefficiencies in the supply chain. This can result in improved Profitability and reduced inventory costs.…
