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Business services

The business service industry provides the core business skills and knowledge required for a high performing workplace.It covers an array of expertise, including customer contact, business administration, business management, business information and human resource management.

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Business services > Marketing

pareto principle

Business services; Marketing

A theory created by Vilfredo Federico Damaso Pareto, it states that about 80% of results come from about 20% of contributions. For example, 80% of business comes from 20% of the ...

perfect competition

Business services; Marketing

A theoretical condition in a market in which no company or consumer has any real power. The following are considered to be characteristics of perfect markets: infinite buyers or ...

pester power

Business services; Marketing

The influence children can have over an adult to purchase a product.

porter's five forces

Business services; Marketing

A model created by Michael E Porter and used to analyze the five forces that affect a business: buyers, suppliers, substitutes, new entrants and rivals.

positioning

Business services; Marketing

How a company differentiates their product and who they are going to target.

prestige pricing

Business services; Marketing

Pricing a product high to encourage the perception of higher quality and sometimes status.

price taker

Business services; Marketing

A company or individual that can not influence price.