Breach of contract on sales of goods can only occur if the sale involves a legally binding purchase contract between a buyer and a seller. Purchase agreements can be absolute or conditional, meaning ...

Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.

The business of sneaker resale is hot, and it's attracting interest from more than die-hard sneaker fanatics and collectors. Major investors, both so-called strategic investors and venture capital ...

Hard skills are essential for job performance and should be highlighted alongside soft skills on resumes to present a comprehensive skill set. Technical skills, data analysis, and project management ...

Discover what credence goods are, how they lead to challenges for consumers, and see examples like healthcare and auto repairs that illustrate their complexities.

María Yanotti receives funding from AHURI. She is affiliated with the Economic Society of Australia, and the Women in Economics Network. This article is part of The Conversation’s “Business Basics” ...

From the start of the pandemic consumers and retailers have faced shortages in a wide range of goods, from toilet paper to electronics. Economists and policy-makers have highlighted the role that ...

A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price inflation for consumption and investment goods. Estimates suggest that the impact ...