Definition: A payday loan is a short-term loan given to borrowers until they receive their salary, pension, or social security payment and repay the loan. The loan depends on the borrower’s monthly income, and it comes with a high interest rate. Although no fixed amount is defined for the payday loan, it is generally 500 …
Definition: ATMs or Automated Teller Machines are electronic banking machines that let consumers complete basic banking transactions 24X7 with no paperwork and without the help of a bank employee. A consumer with a debit or credit card can complete transactions with these machines. These days, many ATMs allow check deposits as well. ATMs have made …
The blue ocean and red ocean strategies help businesses enter uncontested and existing markets and grow their businesses and brand. This article will discuss the strategies of the red ocean and blue ocean and their differences. What is the Blue Ocean Strategy? The blue ocean represents the untapped market space, and blue ocean strategies help …
Adam Brandenburger and Barry Nalebuff developed the Value Net Model in May 1996 in their book “Co-opetition” as an alternative to Porter’s Five Forces Model, which focused on competition. The value net model discusses possible cooperation between competitors. Value Net Model Definition: The value net model is a business strategy that identifies four players in …