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Organizations depend on technology in today’s fast-paced, data-driven corporate climate to maintain a competitive advantage, streamline processes, and improve decision-making. One of the most important technical systems companies use is the Management Information System (MIS). MIS plays a crucial role in gathering, processing, storing, and distributing data, enabling companies to effectively manage their activities. In this article, we will explore the concept of MIS, its components, types, benefits, and role in business decision-making. Definition of Management Information System…
Over the years, network marketing has become a popular business strategy due to its low overhead costs. It involves selling goods or services through a network of independent distributors or agents. These distributors not only sell the products but also recruit others to join the business, creating a multi-level system where everyone sells the same products. Due to its unique business structure and the tactics used by companies in the sector, network marketing—also known as multi-level marketing (MLM)—has…
Though the term “niche market” is frequently used in the worlds of business and marketing, many individuals still find it difficult to define. Simply put, a niche market is a narrow, well-defined area of the market intended to satisfy the needs of a particular group of consumers, focusing on a specific product or service. Unlike mass-oriented broad markets, niche markets are distinguished by expertise and a thorough understanding of the particular tastes and needs of a smaller clientele.…
An indispensable part of the contemporary financial system, the stock market allows individuals and organizations to invest and grow their wealth. However, for Muslims, the primary concern is whether stock market investments align with Islamic values. This blog explores, using Islamic finance principles, whether investing in the stock market is halal (permissible) or haram (forbidden). Understanding Islamic Finance Principles Islamic finance operates based on principles derived from the Quran and Hadith. The key principles include: Is Stock Market…
Investing in the share market can be a great way to grow your wealth, but it requires knowledge, strategy, and patience. The stock market has gained popularity in Bangladesh as more people seek investment opportunities beyond traditional savings. This guide will walk you through the entire process methodically if you wish to invest in Bangladesh’s share market. 1. Understanding Bangladesh’s Share Market Bangladesh’s stock market primarily consists of two main exchanges: The Bangladesh Securities and Exchange Commission (BSEC)…
With a daily trading volume of around $7 trillion, the forex market is the largest and most liquid financial market in the world. Despite its potential profitability, it remains one of the most challenging markets, especially for inexperienced traders. Many newcomers, lured by the prospect of quick wealth, enter forex trading only to face significant losses. This article explores the main reasons why inexperience leads to heavy losses in forex trading and how beginners can avoid common pitfalls.…