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Introduction to Business 101

There was this robbery in Khulna city. There were two robbers named Kadu and Ledu. The leader Kadu shouted: "Don't move, money belongs to the state, life belongs to you". Everyone in the bank laid down quietly. This is called "Mind Changing Concept" : Changing the conventional way of thinking at the workplace. ------------------------------------------------- One attractive lady lay on the table provocatively. The robber shouted at her"Please be civilized! This is a robbery and not a rape attempt!" This is called "Being Professional" : Focus only on the work at hand. ------------------------------------------------- Robbers had two large bags with them. So they took only the bigger bank notes, leaving the small notes behind. This is called "Targeting right segment" : Focus on the niche that gives more returns. ------------------------------------------------- The robber with fine shooting skill held everyone hostage w...

Does Bangladesh have any incentives for investors?

In recent times, Bangladesh has become an important part of the economy of the Asian countries, particularly South East Asia and South Asian markets. It has been proven that the financial background of Bangladesh is rather strong. Bangladesh is a fast growing, developing democratic country. It has positioned itself on the model of Westminster. The country is a power in a constantly capricious and equally intimidating situation. Today, the economy of the country is well developed, steady and easily controlled. This shows that Bangladesh has achieved great expansion over foreign products and enlarged fund transfer rate. Besides, the country is growing moderately in trade and fund supply. The country has made excellent work in the economic and confidential sector. It has become an export oriented nation in the early 1980s. The country is steadily altering into the Construction Sector, Industrialization, and is looking for quick development in the field of service.  She shows ki...

Bangladesh : Export Oriented and Export Linkage Industries

Bangladesh is now focusing mostly on export oriented businesses and it is gaining significant success. Currently, promotion of export oriented business is the first priority of the government of Bangladesh. Companies exporting at least 80% of their products or services are to be considered as export oriented businesses. These products also include IT-related goods. The following fiscal and non fiscal incentives are to be provided to bring 100% export oriented businesses: i. Tax free machinery and spare parts importing ii. A flat rate has been established for any exportable item and it is duty free iii. 90% credit against non negotiable sale agreements iv. A prescribed rate for all ready made garment industries and other raw material using export oriented industries v. Export oriented businesses will have the facility to handle a certain amount of foreign currencies vi. Export-oriented cottage industries will be 100% free from income tax vii. Importing banned/ reser...