There is a zero-sumness to fulfillment networks; there cannot be infinite distribution centers. Coupang wants its competitors to accept its natural monopoly as the logistical backbone of the country’s commerce. It’s essentially an extremely sophisticated response to the “traveling salesman problem,” played out ad infinitum. Net retail sales represent most (~90%) of the net revenues… Continue reading The Ultimate Guide to Buy From Coupang in Korea Expat Kids Korea: For Children and Families in Seoul Korea
Month: February 2020
Accounting Cycle Definition: Timing and How It Works
Most businesses perform this cycle monthly to keep a close eye on their financial position and to prepare for more comprehensive annual financial reports. While distinct, the accounting cycle and budget cycle are closely related and should be integrated for effective financial management. The data and insights from the accounting cycle inform the budgeting process,… Continue reading Accounting Cycle Definition: Timing and How It Works