Business

What is a Unilateral Contract? A unilateral contract is a one-sided agreement where the offeror promises payment only after the offeree completes a task. In this arrangement, only the offeror has a contractual obligation. Unlike bilateral contracts, where both parties…

Cost control is essential for managing expenses effectively, maintaining profitability, and ensuring long-term business success. It involves monitoring and regulating costs to stay within a set budget. In Australia, cost control plays a vital role across various sectors, from small…

What Are Penny Stocks? Penny stocks refer to shares of small public companies that trade at relatively low prices, often under $5 per share. In Australia, they are typically stocks listed on the ASX that trade at less than $1…

What are Green Bonds? As the world increasingly focuses on addressing climate change and other environmental challenges, green bonds have gained popularity as a way for investors to align their financial goals with their values and contribute to positive change.…

What is a Hard Sell? A hard sell is a direct, high-pressure sales tactic aimed at prompting immediate purchases. It uses insistent language to push consumers to act quickly rather than evaluating options or delaying their decision. Key points: A…

What is Force Majeure? Force majeure is a contractual clause that releases parties from liability when unexpected and uncontrollable events prevent them from fulfilling their obligations. These events typically include natural disasters like hurricanes, floods, or earthquakes, as well as…

In the life cycle of any business, there comes a time when an owner must consider a business exit. Whether motivated by the pursuit of new ventures, retirement, or simply a desire to step away from the daily grind, exiting…

What are Proven Reserves? Proven reserves, also known as "proved reserves," represent the quantity of natural resources a company is reasonably confident it can extract from a formation. These reserves are determined through geological and engineering data obtained from seismic…

What is Showrooming? Showrooming is the practice of visiting physical stores to research products before buying them online at a lower price. This lets shoppers test products, particularly expensive ones, before spending money. The rise of smartphones made showrooming more…

What is a Hire Purchase Agreement? A hire purchase agreement allows business owners to acquire equipment through installment payments over a set period. Unlike traditional loans, no funds are borrowed, and ownership isn’t transferred until the final payment is made,…