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  • Fashion Industry

    The fashion industry is a product of the modern age. Prior to the mid-19th century, most clothing was custom-made. It was handmade for individuals, either as home production or on order from dressmakers and tailors. By the beginning of the 20th century—with the rise of new technologies such as the sewing machine, the rise of global capitalism and the development of the factory system of production, and the proliferation of retail outlets such as department stores—clothing had increasingly come to be mass-produced in standard sizes and sold at fixed prices.

    Although the fashion industry developed first in Europe and America, as of 2014 it is an international and highly globalized industry, with clothing often designed in one country, manufactured in another, and sold world-wide. For example, an American fashion company might source fabric in China and have the clothes manufactured in Vietnam, finished in Italy, and shipped to a warehouse in the United States for distribution to retail outlets internationally. The fashion industry has long been one of the largest employers in the United States, and it remains so in the 21st century. However, U.S. employment declined considerably as production increasingly moved overseas, especially to China. Because data on the fashion industry typically are reported for national economies and expressed in terms of the industry's many separate sectors, aggregate figures for world production of textiles and clothing are difficult to obtain. However, by any measure, the clothing industry accounts for a significant share of world economic output.

    The fashion industry consists of four levels:

        1, the production of raw materials, principally fibers and textiles but also leather and fur
        2, the production of fashion goods by designers, manufacturers, contractors, and others
        3, retail sales
        4, various forms of advertising and promotion

    These levels consist of many separate but interdependent sectors, each devoted to the goal of satisfying consumer demand for apparel under conditions that enable participants in the industry to operate at a profit.

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  • Ways to Make Cents at Home

    Ways to Make Cents at Home

    In the midst of all these skyrocketing prices, come the how’s, ways and means to save money and earn extra.

    There are creative but practical ways you can engage in to help the family save and at the same time earn extra. The things that have been sitting in your attic for sometime and those that become all too familiar and useless might mean extra bucks. This way, it saves you space, cleaning materials and containers. This reduces maintenance expenses.  

    Garage sale at home is a save-and-earn endeavor for starters. Look at the success of flea markets where people can buy almost anything at a lower price but large amount of income for vendors.

    How to maximize the potential of flea markets and bargain sales to help you save? Primarily, a flea market is a place where almost all who have something to sell can sell for tremendously lower costs but good quality items. If you have the right tools and enough preparation for a day’s trip to a flea market, then you are ready to go with some handy tips:

    1.    Ready your tools, maps, measurements and cash:
    •    easy-to-carry tool kit with screwdrivers, pliers, tape measure, pencil, ropes, set of swatches, paper and plastic bags and boxes;
    •    floorplan measurements;
    •    maps, directions and phone numbers;
    •    bring enough cash and checks for high-priced items;
    •    dress yourself appropriately for bargain hunting.
    2.    Early birds usually get the best selections.
    3.    Keep a critical eye during shopping.
    •    Be ready to negotiate and haggle on the prices of items.
    •    Items sold here have greater possibilities, either you can redecorate or repaint them to make it look unique and attractive.

    How to make this activity an earning endeavor? After your hands-on training in an established flea market, hope you took note of your observations and ideas; it is time to try out on your own.

    Bear in mind five things crucial to garage sale success: location, date and time, variety of goods, organization/presentation, advertisements and prices.

    •    Spot a strategic location where people can access and drop by easily. Your house is the perfect venue for this. Weekends are the best to schedule your sale.
    •    During your cleaning session, take note of candidate items for the sale, label them (keep, for repair, must go) and give them a brand new look.
    •    Organize them well according to prices, use arrangement styles, decide on the tables, baskets and boxes for the items and decorate your venue with fabrics and other helpful materials.
    •    Lower your prices. The idea here is to dispose of the things but earn from them reasonably. 

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  • Budget

    What is a Budget?

    A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms.

    Etymology of Budget

    A budget (derived from old French word bougette, purse) is a quantified financial plan for a forthcoming accounting period.

    A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.

    Purpose of Budget

    Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include:

        To control resources
        To communicate plans to various responsibility center managers.
        To motivate managers to strive to achieve budget goals.
        To evaluate the performance of managers
        To provide visibility into the company's performance
        For accountability

    In summary, the purpose of budgeting is tools:

        Tools provide a forecast of revenues and expenditures, that is, construct a model of how a business might perform financially if certain strategies, events and plans are carried out.
        Tools enable the actual financial operation of the business to be measured against the forecast.
        Lastly, tools establish the cost constraint for a project, program, or operation.

     

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  • Nigerians Suggest Lockdown Extension As Lagos Records All-time Daily High Of 183 COVID-19 Cases

    Nigerians Suggest Lockdown Extension As Lagos Records All-time Daily High Of 183 COVID-19 Cases

    Nigerians Suggest Lockdown Extension As Lagos Records All-time Daily High Of 183 COVID-19 Cases 1

    Some Nigerians are piling pressure on the federal and Lagos State government to place a fresh lockdown on Lagos to reduce the spread of Coronavirus.

    On Thursday, Lagos recorded an all-time high of 183 cases of COVID-19 in a single day. 

    A dusk-to-dawn curfew was announced by President Muhammadu Buhari last week after the outrage that greeted the lockdown. 

    Nigerians Suggest Lockdown Extension As Lagos Records All-time Daily High Of 183 COVID-19 Cases 2


    Since the  lockdown was lifted on Sunday, the state has recorded 423 cases. 

    While calling for the extension of the lockdown, some Nigerians are however, urging the government to provide palliatives to cushion the effects of the lockdown.Using the hashtag, #extendlockdown, many Nigerians took to Twitter to ask the government to do something before it gets out of hand.

    @Irunnia_ said, “When I saw 183 cases in Lagos, I thought my eyes made a mistake. Please, the government should #extendlockdown before we turn to Italy.” 

    See Also

    Nigerians Suggest Lockdown Extension As Lagos Records All-time Daily High Of 183 COVID-19 Cases 3

    Breaking News

    BREAKING: Lagos Projects 120,000 COVID-19 Cases By July, August

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    14 Hours Ago


    @Danny_Walterr tweeted, “The idea of #extendlockdown is brilliant if this government provides palliatives for people just as in other countries but asking people who feed daily from sales to stay at home with nothing and eat what? sand?”

    @ezraallen14 said, “183 cases in Lagos. At this rate, if the government doesn’t call for a second total lockdown of the nation, I’m afraid the number will increase drastically within days. How can the government see this happening and still decide to keep quiet?”

    @debbietolz said, “183 cases in Lagos and the lockdown has only been lifted for four days. We don’t need a prophet to tell us what would happen if Lagos isn’t locked down. Everyone, please stay at home.”

    @bimboro1 tweeted, “183 cases in Lagos! Very impressive! Is this government clueless? Another way to kill Lagosians. Numbers are now getting to this point and no one can think clearly that you should #lockdownLagos now.” 

    @toyinobaterulp said, “Once upon a time, the total number of cases was less than 300, now we are recording 381 cases in a day. God help us! #lockdownlagos.”
     

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    Nigerians Suggest Lockdown Extension As Lagos Records All-time Daily High Of 183 COVID-19 Cases
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    http://saharareporters.com/2020/05/08/nigerians-suggest-lockdown-extension-lagos-records-all-time-daily-high-183-covid-19-cases

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  • The ROI of Marketing Automation

    Today’s fastest growing companies are using repeatable marketing and sales 2.0 techniques to grow revenue predictably and reliably. Download this paper and learn why companies that implement a marketing automation system to support their marketing and sales efforts are better equipped to manage lead flow and process leads more efficiently. This paper outlines how marketing automation optimizes marketing programs and can help companies.

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    http://www.associationofmarketing.org/whitepapers/view.php?whitepaper_id=149

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  • The Definitive Guide to Lead Scoring

    Discover how to create success across your marketing and sales organizations with lead scoring. This definitive guide, designed for both novice and experienced practitioners, offers advice, best practices and techniques to help you get the most out of every lead that enters your database.

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    http://www.associationofmarketing.org/whitepapers/view.php?whitepaper_id=150

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  • Selling with Confidence: How to Keep Revenue and Prices Up

    Selling with confidence gives sales professionals the skills and support they need to resist growing pressure to discount prices. Such confidence is more critical than ever because the pressure to discount comes from two sources. First?no surprise?it comes from customers. In today?s world, when demand is slowing and globalization introduces low-cost competitors, existing and new customers are more insistent than ever that sales people discount and then discount some more. The battle to maintain profits by resisting discounting pressures from customers is tough enough without more pressure coming from yet a second source: the sales person?s sales managers and corporate executives.

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    http://www.associationofmarketing.org/whitepapers/view.php?whitepaper_id=71

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  • Automotive Industry Revs up for Sales

    Buying a car is more than just an investment. It can be a life-changing event, a family milestone, or for some, a simple purchase that came from haggling with a salesman. How the Hispanic community views this big purchase is looked at with review of the Hispanic community’s buying power.

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    http://www.associationofmarketing.org/articles/view.php?article_id=5345

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  • Six Ways to Increase Sales on your eCommerce Sites

    Do you have an eCommerce site? What do you like best about your site? What doesn’t work as well as you’d like? How to you increase conversions? What features would you like to see? We have six ways you can increase sales – read more!

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    http://www.associationofmarketing.org/articles/view.php?article_id=5329

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