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Tag: Definition

  • PRICING STRATEGIES MARKETING: Definition, Types & How to Choose

    Product pricing is a complex and intricate process involving calculations, research, risk-taking, and understanding of the market and consumers. The company’s management considers various factors, including product segment, consumer affordability, market conditions, competitor actions, production, raw material costs, and profit margins. These factors are referred to as “pricing strategies.” If your price offer is too…

  • HOA (Homeowners Association): Definition, Fees and Rules

    When buying a home, it can be stressful to consider all of the elements at play, the first of which is how much house you can afford. For example, you may begin with the house itself—its size, style, number of rooms, and facilities. Then there’s the location—closeness to employment, school system quality, neighborhood atmosphere.Then you…

  • MEDDIC SALES PROCESS: Definition, Qualification &amp Step By Step Process

    Are you having trouble closing transactions on a regular basis? Despite what some may say, the issue may not be with your salesmanship or pitch, but rather with the clients you’re selling to. The MEDDIC sales process assists you in identifying and qualifying your target market. It will be easier to close sales if you…

  • UNLIMITED VACATION: Definition, Policy and How It Works

    Offering unlimited vacation time to employees is becoming increasingly popular among small and medium-sized enterprises. When workers are allowed time off to relax and rejuvenate and are trusted to take time off as they see fit, they are more likely to feel invested in the company as a whole and produce better results. To everyone’s…

  • PULL MARKETING: Definition and Best Strategies

    A pull marketing strategy focuses specifically on increasing product demand to increase profits. Many businesses use pull marketing strategies to increase sales of new products, retain existing customers, and gain new customers. In this article, we will define pull marketing, provide examples of various types of pull marketing strategies, and discuss the benefits and drawbacks…

  • Fee Simple Ownership: Definition, Types, and How It Works

    If you purchase an apartment in Florida, like a condominium or a rental apartment, the fact remains that you’ll have fee simple ownership of the real estate. The fee simple way of owning a condominium is by far the most common type of homeownership in the country. However, if you don’t own an apartment you’ll…

  • SPECIAL WARRANTY DEED: Definition & How It Works (Texas & Florida)

    A signed deed is required to transfer ownership of a property when purchasing a home. General warranty deeds, quitclaim deeds for property transfer between friends and relatives, and bargain and sale deeds are among the several types of deeds used in real estate. We’ll talk about the special warranty deed in this piece. We’ll go…

  • SETTLEMENT STATEMENT REAL ESTATE: Definition & How It Applies To It

    You might, one way or the other, run into a settlement statement in the course of executing your loan. This is because it details all of the closing expenses and credits associated with real estate purchases or refinances. In this article, you will get to understand the difference between “settlement statement” and “uniform closing disclosure”…

  • ENCUMBRANCE IN REAL ESTATE: DEFINITION & HOW IT WORKS

    There is a certain limit to almost everything, including an individual that owns real estate. As impossible as it may sound, someone other than the owner can actually place a claim against the property. This act is recognized as an encumbrance on real estate. As someone who’s into real estate, the word “encumbrance” should be…