From mobile, desktop, and social to brick-and-mortar stores, direct-to-consumer (DTC) websites, and third-party retailers, consumers have a wide range of options for how, when, and where to shop.
Retail has its own jargon in the same way other sectors do. Two such acronyms you might have come across include CPG and FMCG. In a nutshell, the former stands for consumer packaged goods, while the latter refers to fast-moving consumer goods. For clarity, here’s a quick definition of both CPG and FMCG: What is CPG? Consumers buy CPG goods often and tend to use them soon after purchase; as a result, their demand is pretty high. It’s also worth…
EBITDA and net income are two of the most commonly used financial metrics for assessing a business’s financial performance. But what are the differences between the two terms? Here, you’ll learn when to use EBITDA versus net income, plus the pros and cons associated with them. What is EBITDA? EBITDA stands for “earnings before interest, depreciation, taxes, and amortization,” and it’s considered one of the two main measures of a company’s profitability, alongside net income. Let’s look at each component:…
Karolina Kulach Sep 3, 2023 [wtr-time] If your client portfolio includes international ecommerce buyers or you expect them in the future, have you optimized buyer experience for your international customers? Failing to incorporate the concept of cultural diversity into your sales & communications strategy can cost your ecommerce business money and lost sales potential. Cultural differences relate to everyday communication, Internet usage, marketing & advertising, ecommerce trust, seasonal sales potential, color perception and much more. Read more about how to…
Handling paperwork has never been an easy task. It calls for meticulousness and in-depth knowledge of the functions, purposes, and times for which each type of document is employed. This, of course, also holds true for the procurement world. Sometimes, not clearly understanding what function a document serves may cause unwanted bottlenecks and even expensive mistakes. In today’s article, we would like to discuss the differences between two similar and at times confusing procurement terms: purchase order and invoice. Having…
It’s shaping up to be a big month at the box office as the highly anticipated films Barbie and Oppenheimer gear up for release on July 21.
Getting a Construction Loan Vs A Mortgage Loan – Learn the Differences , Unless you plan to pay cash for your home building project, you will need to obtain financing for the construction and a mortgage for the outstanding balance when it’s finished. While you may have qualified for a mortgage loan before, getting a construction loan for your home building project can be a little challenging. Although it’s certainly possible to get a construction loan as an owner-builder, lenders may shy away…
As you prepare to start a business, it’s important to have your legal and financial responsibilities in order. Forming a limited liability company (LLC) comes with the primary benefit of personal liability protection. Taking that one step further by operating as an S corp may come with tax benefits—in exchange for extra regulations and restrictions on how the company can be managed. In this article, we’ll explore what LLC and S corp are, and the key differences between them. What is…
Shopify vs Shopify Plus: Which is actually best for your ecommerce store? It’s a common question for many growing businesses. After all, while the standard Shopify service offers a variety of plans to suit different business needs, Shopify Plus promises to take your online experience to the next level. As the “Enterprise” Shopify solution, Shopify Plus offers a host of opportunities to strengthen your sales, and customize your store. The question is, how is it actually different to the core…
Amazon’s Choice vs. Bestseller- How To Optimize Your Listings For Maximum Sales Running short of time? Get PDF of the blog in your mail. Download Now! Play Now In today’s digital age, Amazon has become a popular platform for consumers and sellers. With millions of products available, it can be difficult for consumers to purchase. That’s where Amazon’s Choice and Bestsellers come into play. In this blog, we’ll explore what Amazon’s Choice is, how it differs from a Bestseller, and…