A recap of 2022 business trends
5 business trends that had an important role in 2022 in a worldwide scale.
Genesis lays off 30% of its staff
Crypto lender firm Genesis Global Trading Inc has announced via a spokesperson that it lays off 30% of its staff. Genesis had already cut their workforce by 20% previously on August. Those cuts come right after the company had announced that they will be reducing costs and driving efficiencies during challenging times for the crypto space. …
Markup (business)
What is Markup? Markup is the amount of value added to the cost of the product in order to sell it. In other words, it’s the difference between the selling price and the cost and it is often expressed as a percentage over the cost. People regularly confuse Markup and Gross Margin, even those senior…
Gross Margin
The Gross Margin formula is perhaps the most important formula for anyone working on a commercial business. It is especially critical for all people involved in any kind of commercial role such as in sales, marketing, product management and even in financial disciplines (such as accounting, finance, etc).