Sunday 11 December 2016

Scalability at Low Cost

Growth is an important factor to consider, but the cost of growing is very important to the ultimate outcome. Truly great businesses can increase revenues without spending a whole lot to do so. Take, for example, eBay (EBAY). Here is a company that does nearly all of it's business on the internet, and basically just connects buyers and sellers together. Once the servers, databases, and software were in place, eBay could accommodate ever larger numbers of customers without spending much of anything! This is scalability at low cost. Compare this to the airlines, a notoriously bad business.

International business

International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundary. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons. It refers to all those business activities which involves cross border transactions of goods, services, resources between two or more nations.