Convention is important in business as it establishes standardized practices and behaviors that facilitate effective communication and collaboration among employees and stakeholders. It helps create a predictable environment, enhancing efficiency and productivity by minimizing misunderstandings. Additionally, adhering to conventions can enhance a company's reputation, build trust with clients and partners, and ensure compliance with legal and ethical standards. Overall, conventions contribute to a cohesive organizational culture and operational success.
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retained profit is important to a business because it helps in maintaining the business secrets as the business is using the internal source of finance, is also important because it is a way of saving interest
the most important role is business is to provide employment for people
To know what they have spent....
profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
Business entity convention The business and the owner must remain separate
No it is not necessary to have a business permit or license to sell merchandise at any kind of convention.
A business convention is a meeting of people that are in the same business. For example, an electricians convention would be a meeting of a group of electricians who are not necessarily employed by the same company. They get together to share ideas and learn of new products.
Business entity convention because owner’s assets must not be included with business assets
To convention centers
period convention
the most important thing was he was the president of the convention the most important thing was he was the president of the convention he was like the father of the convention like James Madison was the father of the constitution.
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somthing important
As we any other industry, building relationships with key players is an important strategy that every business should have. Those conventions and exhibitions are a great way of bringing businesses and personalities whom operate in a certain field for great debates, link building and even business partnerships. Introduction to new tools or ways of business management are just as important, as the earlier you get them on board the better. Plus is fun Hope this helps
In business terms, a congress is defined as a gathering of representatives. A convention is defined as a large meeting where individuals gather to discuss common ideas or to exchange information.
Dont Trip :D