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Business Facts

Manufacturing means the production of differnet items for use or sale. This process usually needs some special machines and tools. The term may refer to a range of human activity, from handcraft to high tech, but it is most commonly used to describe industrial production. It includes various activities from raw...
Probably, everybody can explain the term “construction”. Really, it's easy, we all understand what it means. It is a process of constructing a building or infrastructure. But you should avoid a common mistake and not to confuse concepts of construction and manufacturing. The latter means mass production of similar...
Recreation means leisure activities. This is everything we do when we are not working, the activity done for enjoyment, amusement and for pleasure. The psychologists say that such activity is necessary for any person. It helps us to maintain our mental health. There are a lot of kinds of leisure...
Education is the process of transferring knowledge, skills, values and beliefs. Each of us is faces with this process. First we go to school to get basic knowledge about ourselves and the world around us. Then we choose a profession and continue our education in a college or university. All...
1.Nowadays we can't imagine our life without modern technologies. They have changed many spheres including business. Today business activities don't always require the personal presence of an entrepreneur. Internet technologies give us new ways to do business. We can even speak about digital business. Digital business is the interaction of people,...
Domestic services can be understood and explained in different ways. In our everyday life it means different services provided by employees within the employer's household. Domestic service can include housekeeping, care for children, cooking and so on. Everybody knows this kind of services very well, everyody can explain what it is...
It is not easy to translate the term “Technical Services” into Russian. It came from the USA and the UK. Technical Services mean the whole team responsible for providing supporting gadgets, devices, mechanisms necessary for an entreprise's operation. In some companies the Technical Service means IT team. Anyway, it is obvious that technical...
Finance services, or financial services are economic services provided by the finance industry. The finance industry includes a lot of organizations that deal with money. They may be banks, insurance companies, investment funds, and many others. That's why there are numerous kinds of financial services, too. We can speak...
Management is the art of administration and organization. It helps to make people doing something. There are three management levels: top management, middle management and lower, or operating management. But every manager must be ready to see a problem, to analyze it, to choose the best solution from alternatives. A...
Business services are also named corporate services. This term means activities that support an enterprise. There're different kinds of business services: finance, IT, advisory service, etc. All of them are very important for the enterprise's functionning. Business services may be named a very large and dynamic category. Their development leads...

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