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Drum tent is subject to being copied by the right hardware). Also, DRM sys- tems may be too restrictive by preventing content purchasers from exer- cising rights that are allowed under copyright law. Libraries and museums are concerned that in the future, they may not be able to play today’s media, even though suitable equipment [...]

Blend 1. a drawing program command that computes the intermediate shapes between two selected objects. You would use the blend command to make the smooth highlights on a rendering of a three-dimensional object. In many ways, the blend command is like the morphing special effects we see on television commercials. You could make the letter C turn into [...]

Bbl probabilities for different users as users train the system by indicating whether a particular message is spam or not. In general, the Bayesian approach to statistics views probabilities as being conditional on avail- able information, and provides a way to revise them as more information is obtained. However, spammers can try to subvert the [...]

9 accessibility acceptable-use policy a policy established by the owner of a computer sys- tem, or by an Internet service provider, concerning acceptable use of the computer and network facilities. Acceptable-use policies should gener- ally include the following points: 1. Users are accountable for what they do. Deliberate snooping, harassment, or interference with other users will [...]

In the business world, most of the programming is database-oriented. In today’s databases, like Oracle and SQL Server, a different kind of language is used. These are the languages that are called as structured query languages i.e. SQL. SQL, is so important that a standard has been developed for it. So there is an ANSI [...]

Silkworms and Their Work About silk there is something particularly agreeable. There are few people who do not like the sheen of a soft silk, the sparkle of light on a “taffeta,” and the richness of the silk that “can stand alone.” Its delicate rustle is charming, and the “feel” of it is a delight. [...]

The Bedroom In olden times people rarely slept in their bedrooms, which were mostly chambres de parade, where everyone was received and much business was transacted. The real bedroom was usually a smallish closet nearby. These chambres de parade were very splendid, the beds raised on a dais, and hung with fine damasks and tapestries—tapestries [...]

Halls & Staircases In early days the hall was the large formal room in which the main business of the house was transacted. It played the part of court-room, with the lord of the manor as judge. It was used for dining, living, and for whatever entertainment the house afforded. The stairs were not a [...]

How will the message of the business be promoted in the general public? How will the business be launched?  PROMINENT FEATURES OF DR. DEMMING’S 14 POINTS FRANCHISING It is defined as: “An agreement between two parties in which one party passes on the rights to the other party.” Or “A contractual license granted by one person (the franchisor) to another (the franchisee).” Rights of franchisee includes 3. Right to use the trade mark. 4. Right to use the name. 5. Right to use systems, methods and researches. 6. Right to use packing material. Parties to Franchise agreement There are two parties involved in a franchise agreement d) Franchiser Party or person, who grants the right to sell/offer its products & services under its own trade name,. e) Franchisee Franchisee is being granted from franchiser to provide representational rights to sell or manufacture goods or to provide service or to undertake any process identified with franchiser against an agreed fee or consideration including royalty, whether or not a trade mark, service mark, trade name or logo or any such symbol , as the case may be is involved. Advantages of Franchising Franchiser gets a large amount of money from franchisee as fee while using its name. Franchisee gets access to big business. Failure rate of franchise business is lower than any other business. Franchisee uses world wide tested brand and tested procedures that is why failure rate is lower in this type of business. Franchiser provides guidance to franchisee in all affairs of the business. Choice of location Franchiser is always there to support the franchisee in all kinds of matters. Disadvantages of Franchising High cost. Proportionate profit is given to franchiser by franchisee every year. There are too many restrictions from franchiser on the franchisee. NEW TRENDS IN THE BUSINESS E‐Commerce or E‐Business E‐commerce, (electronic commerce), is online commerce verses real‐world commerce. E‐commerce includes retail shopping, banking, stocks and bonds trading, auctions, real estate transactions, airline booking, movie rentals, nearly anything you can imagine in the real world. Even personal services such as hair and nail salons can benefit from e‐commerce by providing a website for the sale of related health and beauty products, normally available to local customers exclusively. Women in businessSo many women have come in so many areas of business. Business will be better displayed, well mannered staff, more knowledge of the needs of customers and more market oriented. GLOBAL OPPORTUNITIES People have the awareness of global market. Internet has played major role in accessing global markets. In Pakistan, people got huge success globally but could not make a brand name in global market. Factors for lower failure rate Government’s preferences and priorities. Government is convinced to support corporate sector. Businesses are now being set up on more professional grounds. Support from financial institutions. General economy of the country. People are acquiring professional knowledge about business. Government has developed many training centre to train people related to business.  Skills development. Institutions to develop man power.

Entrepreneurship is that ability in which an individual tries to find the opportunity, take risk and avail these opportunities. Who are Entrepreneurs? People have more entrepreneurial abilities who: Have aspiration Have more practical strategies to be implement Have the vision Understanding the environment Being visionary and flexible Creating management options Encourage teamwork while employing a multi‐disciplined approach Encouraging open discussion 6. Building a coalition of supporters. Characteristics of Entrepreneurs Personal Interest This personal interest can be of two common types: Interest for their own personality development Interest of their financial growth at market place Customer Relationship building There can be two types of customer relation ship building as under: Transactional MarketingThis type of marketing is based on only one transaction, just to get the financials & provide products in return to customers. (Its some how a traditional approach of customer relationship management) Relationship MarketingThis type of marketing based on long term service provision for the customer, to get order once from your customer, fulfill that order in best possible manners, provide after sales services in order to retain that customer for longer period of time (it is based on modern customer relationship management techniques) Entrepreneurs strongly follow the second type of relationship building with this customer to get long run benefit in order to enhance their business. Simple E.g. can of of Doctors in a specific community, Mechanics, Hair dresser etc. Desire to establish own business Some persons have strong & dominant personality traits & they want to establish their own business instead of working under supervision of any one else so this leads them towards entrepreneurship establishment. They have strong decision making power & risk taking ability which helps them a lot to be an entrepreneur. Need of control Some people want them to be involved in every decision making of their business prospects so this aspect leads them be an entrepreneur. Ability to deal with uncertainties Some persons are daring enough in their professional attitude; they feel they can easily deal with uncertainties while designing best strategies for crunch situations so they move for entrepreneurship. BUSINESS PLAN FOR ENTREPRENEURS Business plan is a written document which contains the objectives of the business and the ways to achieve these objectives. A good business plan must be developed in order to exploit the opportunity defined. A good business plan is important in developing the opportunity and in determining the resources required, obtaining those resources and successfully managing the venture. The term business plan is made of two words “business” and “plan”. By understanding each we will try to arrive at some usable definition of business plan Business: “Any economic activity undertaken on regular basis to earn profit by combining resources and delivering value to society/market in response of whose unmet need it is started and run”. Plan: “Simply it is the product or result of planning or it can be defined as it is a document or piece of thought which answers the basic questions of planning”. If plan is so then what is planning? Situations for Entrepreneurial business There are two situations: Buying a business Starting from the scratch Most of the entrepreneurs always like to start their business right from scratch & develop their own strategies to run the business so our discussion will move around those entrepreneurs who start their businesses from scratch. COMPONENTS OF BUSINESS PLAN Since every business organization either small medium or large always have business plan so same is true for entrepreneurial business as well. Basic theme of business plans is always “ways to go & how to go”. All areas of SWOT analysis are also covered in the business plan. Objectives of the business The basic purpose of any business plan is to answer following questions: Name of the business Name should indicate the type of business Name should be simple Uniqueness of name Location of the business Legal considerations Avoid the names not encouraged by the law. e.g. National Heroes, religious personalities etc. Marketing Component of the business This part of business plan covers following aspects: Who will be the target customers for those products Where are they located? Inspection [...]