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What is mass customization?

The act of producing products and services that are affordable and tailored to meet the demands of target clients is known as mass customization. Mass customization brings the personalization and versatility of made-to-order business manufacturing to a different level of high-volume production, where the unit cost is lower. As a result, instead of targeting a single customer, mass customization...

What is a directors’ report?

A directors’ report is a financial document that major limited corporations must file at the end of the fiscal year. It is written in the law and is part of a broader movement toward increased corporate transparency. Private limited companies must submit statutory accounts at the end of each financial year. The directors’ report, which is prepared by the board of directors (BOD) and summarizes...

What is a creditor?

The word “creditor” can refer to a variety of meanings depending on the context but most commonly refers to a financial institution or a person from who a debtor, often known as a borrower, owes money. A contract is formed when a debtor and a creditor agree on financing terms and enter a loan agreement. The repayment arrangement conditions of the loan, as well as the anticipated...

What is a debtor?

A debtor is someone who obtains payments from creditors to satisfy their personal and business needs. A debtor is someone, such as a person or company, who seeks financial assistance from creditors in the form of loans, which they must repay with interest.  A debtor is both a borrower and an issuer, with the ability to take funds from loan providers anytime they wish. Debtor and creditor are...

What is a PEST analysis?

PEST analysis is a strategic planning framework that identifies macro-environmental factors. Political, economic, social, and technological forces are all common factors in the environmental span of this procedure. PEST analysis helps in finding effective solutions for prioritization, resource allocation, time & development roadmap planning, and creation of control mechanisms. You can use...

What is a kiosk?

A kiosk is a tiny, detached structure that displays information, provides services, or performs other marketing goals. In most cases, only a few people are required to move a kiosk and place it in a public and congested location to draw people’s attention. Businesses place kiosks in congested areas such as crowded streets, shopping centers, or even outside retail stores. It could be both...

What is a convertible bond?

Convertible bonds are the most common type of bond issued by a company. As the name implies, these bonds can be changed into shares of the very same company’s stock at the bondholder’s discretion. Convertible bonds have both debt and equity characteristics, and they often generate more income than common stock, though not as much as corporate bonds. Convertible bonds, like corporate...

What is an angel investor?

An angel investor is a type of early investor that provides money to a startup in addition to helping it get off the ground. In return for their investment, angel investors typically obtain an equity stake or convertible debt in the company. Occasionally, angel investors are always the first to invest in a novel concept. Angel investments are typically made on more advantageous terms for the...

What is relationship marketing?

Relationship marketing recognizes the significance of the buyers and sellers inside the marketing process. The basic idea is to establish long-term consumer relationships. Relationship marketing sees marketing as a two-way street in which buyers and sellers collaborate to define the direction and result of the brand product provided to the public.  Relationship marketing claims that a...

What is a private equity firm?

Private equity firms take companies the private capital they obtained from investors or their capital to improve their operations and then take them public and sell them for a profit. Venture capital and leveraged buyouts are the two most common ways private equity firms engage in such a private equity transaction. Venture capital is a type of equity investment used to fund the acquisition of...

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