Bookkeeping

Marketplace: How to start and scale a marketplace business for your startup

By providing an efficient platform for buyers and sellers to interact, the marketplace acts as a trusted space to perform commerce. After payment confirmation, the seller is responsible for fulfilling the order. This typically includes packaging and shipping the product to the customer. In some cases (like in the case of service-based marketplaces), the seller

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How to Calculate Retained Earnings? Step by Step with Ex

A company uses its retained earnings to launch research programs. It helps acquire businesses and enhance its production facilities. High retained earnings indicate a company’s ability to reinvest in itself, which shows stability and a long-term focus on growth. Placing funds into business development enables companies to maintain market leadership through time. Retained earnings belong

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