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What are Incidental Expenses? Definition and Examples Explained
Incidental expenses are small costs that occur as a result of business or personal activity but are not necessarily part…
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Classification of Business Environment: Internal & External
The business environment is composed of all forces, whether internal or external, that affect a firm's capacity to operate, innovate,…
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What is Consumer Price Index (CPI) in Simple Terms? Details
The Consumer Price Index (CPI) is a measure that tracks the changes in the prices of a basket of commonly…
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Legal Environment of Business: Meaning, Importance & Impact
The legal environment of business is the body of laws, regulations, and legal systems that govern business operations. This comprises…
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Political Environment in Business: Definition, Role & Impact
The political environment refers to the influence that political factors, government policies, and laws have on businesses and their operations.…