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Most Common Unethical Business Practices

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Most Common Unethical Business Practices

Running a business is one of the most challenging activities one can undertake. The pressure that the job exerts, combined with the tremendous consequences that failure can bring, is one of the reasons why businesses look for shortcuts. Unfortunately, this leads the management to engage in unethical practices to avoid sinking the company. Let us look at some of the most common unethical business practices conducted by businesses today.

Including Hidden Terms in User Agreements

This is a practice that is very rife in the tech world. Whenever you choose to download any app, you will be required to click on the agree button in the terms and agreement section so you can be allowed to download the applications. Software companies go as far as declining to permit you to download the app if you do not agree to these terms and conditions.

While this is not malpractice or unethical behavior, these companies make a point to make these terms and conditions section so long that they discourage the end-user from going through all the pages therein. It is at this juncture that they get the opportunity to include undesirable requirements.

For instance, a software company can slip in a condition that gives them the right to access your data and use it for their benefit. While some might argue that the blame falls on the user for not going through the whole terms and conditions document, the fact that the companies make these documents as long as possible to dissuade the user from doing so is what construes as unethical behavior.  

Even though tech companies might be engaging in some sneaky, unethical, but legal behavior to maximize their profits, these companies have created products that have revolutionized life as we know. A good example is the invention of the internet.

Apart from making instant communication affordable and universal, the internet has disrupted the education system as we know it. It has made it elementary for students to source reading material and access revolutionary tools that help them study better. On the other hand, the World Wide Web has become a refuge for struggling students. It enables them to quickly hire an expert essay writer to assist them when essay writing becomes a challenge.

Top online essay drafting companies such as Grademiners have revolutionized the game by offering much more than assignment writing help to students. The company’s website avails students worldwide of a whole host of top-notch informative blogs that provide intuitive data that helps supplement their study material.

Misleading Product Information

Marketing is the primary way through which companies get to inform the target about their product and the kind of benefits it provides. Since it is the tool that drives up sales, unscrupulous businesses go a step further and run false advertisements that exaggerate the type of benefits their product avails the consumer. This is not only illegal; it is also unethical.

Where misleading advertisements are run through TV and print media, the government can hold the said company accountable for the deceptive behavior. However, in this era of digital advertising, this can be very difficult as anyone can run a misleading advertisement online in an attempt to make a particular company look bad with minimal oversight.

Competitor Defamation

Competitor defamation is the provision of information that makes a company look bad in the consumer’s eyes. It is essential to point out that simply using a competitor’s name in an advertisement does not amount to competitor defamation. However, if the content of the ad paints an ugly picture of the competitor, then it amounts to defamation which is unethical business behavior.

A good example is when a Coca-Cola advertisement claimed that Coca-Cola’s Powerade was better than Gatorade (a product by PepsiCo), claiming that it had more electrolytes. PepsiCo sued Coca-cola on defamation grounds claiming that there no scientific research supported the extra electrolytes claim.

Accounting Malpractice

This mostly happens in public-owned companies. The purpose that any publicly owned company exists is to make profits for the investors. However, sometimes you will find the management stealing from the company and cooking the books of account to make themselves rich. These executives forget that they work for the shareholders and instead think about enriching themselves, which constitutes unethical behavior.

Bribery

This is where money (or something else of value) is given out for a business to get favors regarding a business decision. For instance, instead of the most qualified organization getting a particular tender, it is given to another company that had bribed the tenderer. This unethical and illegal behavior leads to disasters as the task in question is not performed by the most qualified person.

It is essential to point out that even though all illegal business practices are considered ethical, not all unethical business behaviors are unlawful. However, all play the same destructive role, which is misleading and scamming consumers and or shareholders.

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E-Commerce

Top 3 Price Monitoring Challenges

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Today, the world is highly commoditized and new products are being launched each day. Every business wants to get noticed not only for their products but also for their pricing. Besides, more and more customers have increased price awareness.

Hence, if you want to experience consistent growth in the e-commerce market, you need to focus on the continuous adaptation of your prices. This means that you need to keep an eye on your competitors so you can make the right pricing decisions.

Price monitoring is basically studying the competition to know which pricing decision to make that will make you stand out. Nevertheless, price monitoring has its downfalls.

Why is Price Monitoring Important?

Having a price monitoring strategy in place can give you a competitive advantage and help you meet your business goals. It can help you know competitors that are similarly positioned and those that are differently positioned in terms of pricing. Strategic price monitors are also helpful for identifying your most important competitors and give you insight into their competitive behavior in the marketplace.

Effectual price monitoring in the e-commerce space can be done using tools like web crawlers and web scrapers. When employed correctly, these tools can help you acquire accurate and relevant pricing information so you can set prices for your products that will make you stand out.

Challenges of Price Monitoring

Most of the challenges with price monitoring are posed by accessing and matching data. Some of these challenges include:

1. Scalability

One way that a business can get competitive is by observing the marketplace prices. Price monitoring is a powerful tool that needs to take place hourly, weekly, or on a monthly basis. Frequent price monitoring will give you fresh and relevant data so you can gain maximum advantage.

However, the world of e-commerce is highly dynamic and is subjected to change in different seasons. For instance, the pricing during sale peak may not be the same during off-peak. Most businesses constantly change their pricing in a bid to stay competitive and be updated with the changes.

Therefore, it can be a challenge to acquire accurate pricing information. This is especially true you’re your company needs updated information in order to make informed decisions.

Nevertheless, the scalability issue can be solved by building a customized solution that can help you build exactly what you need. To ensure this, work with a proxy that lets you adjust the scale of scraping by describing the data, the matching algorithms for the product, and the frequency.

By building customized solutions that are highly accurate and flexible, you will be able to collect relevant pricing information to meet your needs.

2. Differences in Website Layouts

Usually, some e-commerce companies have website layouts that differ from one page to another. This makes it difficult to effectively employ price monitoring strategies. Also, some competitors store their pricing information in different product pages or some of their products can go out of stock. 

This can lead to missing or inaccurate data when collecting data. If dropping such competitors is not an option, then you need to find a solution that will help you gather accurate data irrespective of the website layouts. You may also encounter issues during the matching of crawled data because the prices may vary for different products.

In such cases, you may need to develop parsers for each page that you want to retrieve data from. Nonetheless, this solution may not be very effective if the websites that you are targeting keep changing their layouts.

Thus, it is crucial to use a real-time crawler that includes an e-commerce parser. A good web crawler will gather pricing information on different pages using parsers that don’t require frequent maintenance on your part. Additionally, there are proxies that can help you collect the pricing data notwithstanding the website design.

3. Geo-Location

The acquisition of data from websites in different geographical locations is another challenge. If your competitor is from a different location, accessing pricing and product information from their websites may be as easy as acquiring information from a company in the same location.

Besides, some websites have restrictions that make it difficult to access their information if you are out of a certain geographical location. This is where proxies come in handy. Proxies can bypass geographical blocks and give you access to websites all over the globe regardless of your IP address.

Conclusion

Over the years, the world of e-commerce has experienced a great transformation from manual competitor monitoring to automated price monitoring. Technology like crawlers has made it possible to get reliable data from websites throughout the world.

However, as we have seen above, there are challenges associated with the automated process. To overcome these challenges, you need to invest in the right proxy. The best UK proxy will let you perform web scraping and web crawling to effectively monitor and track prices. Follow the link here to get more information about the UK proxy.

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Investment

Differences between XMR and BTC

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In this technologically developed world, most aspects of life have been transferred into virtual reality. The Internet also influences trading, shopping, and banking. Currently, many platforms offer you to use their online money to conduct any transactions. Digital money has some advantages over traditional currencies. First, it does not belong to any government, and its monitoring is decentralized. Second, the popularity of cryptocurrencies is determined by the market, not a single banking system. Each transaction done through cryptocurrencies is transparent for the users, and they make a separate block in a system. The system’s security is guaranteed, and it is almost impossible for hackers to break the system. Albeit these advantages, the usage of cryptocurrencies is banned in many parts of the world. XMR and BTC are examples of cryptocurrencies. If you are interested in their differences and how to transfer XMR to BTC, you are recommended to learn each of them separately first.

What is XMR?

Thanks to its high level of privacy, Monero, known as XMR, has gained popularity among users. It was launched in 2014, and the transactions done through this platform are entirely private. The system does not show any information about the users and the ways the transaction is done. Furthermore, the system of Monero allows to use of individual CPUs, so there is no need to purchase new hardware. Because of its opaque nature, XMR can also be used in a dark web without any high potential risks.

How Does Bitcoin Function?

Bitcoin, abbreviated as BTC, is launched in 2009, and the founder of this cryptocurrency is still unknown. Unlike many platforms, BTC offers lower transaction fees, which makes more investors mine through this platform. This digital money is controlled by a single government or banking system, and as an individual unity, it is not valuable. The system is based on a blockchain system. Throughout its history, this cryptocurrency has gone through many ups and downs. However, its wide popularity has triggered to creation of many other similar currencies. To make instant payments much more accessible for investors, BTC uses peer-to-peer technology. Thanks to its advanced technology, there are some risks connected with this digital money as well. It can be used for illegal actions, money laundering, etc. To avoid those risks, the investors are highly recommended to keep security tips.

Main differences between XMR and BTC

If you have not decided which platform is worthy of joining, you are welcome to check the main differences between those widely used cryptocurrencies.

Privacy

Although the transactions done through the BTC platform are not connected with your identity, they contain information about your online wallet. With some research, anyone may have access to your personal information within a short time. On the other hand, XMR does not have that problem, and the investors do not need to worry about their security. The system guarantees their anonymity, and hacking the information from this platform is almost unlikely.

Mining algorithm

Both BTC and XMR use various algorithms; the first uses SHA-256, while the other applies to CPU. The transactions through the BTC platform are done more quickly, thanks to the algorithm that is used.

Adaptive block size

When many transactions are done through the BTC platform, it may slow down the process for each one. Yet, Monero has a more flexible block size, which automatically expands the blocks when the number of truncations gets higher.

Besides these differences, you may check the FEG prices for each one to make sure which one is the best option for you.

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World’s Best Cities for Remote Work

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Since 2010, the number of remote workers has increased by 400%. The popularity of this type of work setup stems from the immense flexibility it offers in comparison to traditional office-based jobs.

One of the key selling points of remote work is the ability to work from anywhere. If you’re a remote worker, then you basically have the option to live and vacation in foreign countries without the limitation of having to be in the same office every day.

With this freedom, why not consider relocating (even temporarily) and experiencing some of the best cities in the world? In this article, we provide a rundown of some of the best cities to live in. Since remote workers aren’t confined by geographical offices, this is a delicious possibility that you can seriously consider.

Before we dive into our list, let’s get a better understanding of what remote work is.

What Is Remote Work?

Remote work refers to a work arrangement where one’s job responsibilities are performed from outside the office. In contrast to traditional office-based jobs, remote work can be done from home, from a coffee shop, a rented working space, or even the beach.

The rise of remote work has given way to a unique job economy for professionals and the forward-thinking companies who employ them. It has also led to the development and popularity of collaborative apps that help teams work together and manage projects from different locations. Some examples are Slack, Trello, Asana, and Proofhub.

There are lots of advantages to being a remote worker. Remote workers eliminate the time and expense spent on commuting, have more freedom to work the hours they want, and of course, they get to work from anywhere.

With that in mind, let’s take a look at some of the best cities that you can live in as a remote employee.

Best Cities for Working Remotely

We’ve chosen these cities based on the quality of life they offer. These cities also have accessible digital infrastructure and stable and fast internet speeds so you can perform your duties seamlessly.

San Francisco, USA      

San Francisco tops our list. In terms of safety, healthcare, and the climate, this city ranks moderate to very high.

As with all the cities in this list, the Golden City provides excellent and stable internet connection with downloads of up to 1,000 megabytes per second (Mbps) and uploads of up to 35 Mbps.

It offers an exceptional work culture, amiable people, and easy access to resources. The only drawback is the higher cost of living compared to other US states. Where 100 indicates an average cost of living in the United States, San Francisco is rated at 269.3.

Dubai, UAE      

Dubai offers a high quality of life and is ranked as one of the best places to live in the Middle East, if not globally. It has an international community with as many as 200 different nationalities and 8.84 million expat residents.

This city is also one of the safest places in the world. You can enjoy sandy beaches, sumptuous dining, and world-class entertainment. A hub for international business and tourism, you’ll have no problem getting internet coverage here as there are a good number of providers with stable and fast internet to choose from.

Dubai offers a low cost of living and a zero income tax scheme. They even have a special program for remote workers called a virtual working program. Remote workers can apply to live in Dubai for a year with many of the same benefits that local residents are entitled to.

Delhi, NCT, India

India has a fast-growing population with a gross domestic product that is only second to China. The National Capital Territory of Delhi is where the 3 branches of the country’s government sit. It ranked 62nd in the list of World’s Best Cities for 2021.

Delhi is popularly referred to as the heart of India and one of the most hospitable places on Earth for tourists. It’s a great city for foodies and travel enthusiasts.

Because it is a fast-growing city, it offers many opportunities for locals and tourists. The cost of living is also low. The estimated monthly cost for a family of four is around $1,300.

Internet in Delhi is fast and stable. It isn’t unusual to enjoy speeds of up to 100 Mbps.

The only drawbacks to living in Delhi are the pollution, the hot summers, and personal safety. However, as long as you don’t go out at night unaccompanied, you should be fine.

London, UK

London offers an incredible remote working infrastructure. The average internet speed is around 54 Mbps.

Paired with gender equality, culture and leisure opportunities, and great healthcare, it’s easy to see why London is regarded as an ideal city for remote workers. You’ll find diverse remote working spaces here ranging from coffee houses and cafes to libraries and coworking spaces.

As Britain’s largest metropolis, London offers a history that spans almost two millennia. It is a rich and diverse cultural center. Thanks to the easy transportation the city offers, remote workers can explore this expansive city without putting a dent in their bank accounts.

Warsaw, Poland

Warsaw, Poland has a great international community. English is a second language so you won’t struggle with language barriers. Thanks to the modern infrastructure and transportation, everything is easily accessible at a fraction of the cost you would incur in most cities around the globe.

Warsaw is a relatively cheap place to live in with a cost of living that is almost 40% lower than the UK. This includes rent, food, and transportation. It also has a solid all-inclusive healthcare insurance system that’s free for all working residents and their families.

The average internet speed in Poland is 54.5 Mbps, slightly above the global average of 54.33 Mbps.

Bucharest, Romania

Bucharest outclasses its competitors with its low cost of living, access to cheap working equipment, and availability of food delivery companies among other important factors.

It was ranked the number 1 city for remote work by broadbanddeals.co.uk. By living here, you’ll enjoy stable internet speeds of 52 Mbps and a low cost of living. The estimated monthly cost for a single person living in Bucharest is around $555.

Budapest, Hungary

Budapest, often referred to as the “Paris of the East,” is the vibrant capital of Hungary. Remote workers will enjoy exploring this historically and culturally rich city that is subdivided by the famous River Danube.

The average download speed in Budapest is 31.1 Mbps. As a country, it has the 20th fastest internet in Central Europe so you should have no problem continuing your work here.

The cost of living is fairly affordable at $622 for a single person excluding rent.

Houston, USA

The large city of Houston is a popular choice among remote workers due to its many coworking spaces that inspire productivity and make focusing on work a breeze. This is a dynamic city with first-class attractions like the Space Center, the Museum of Fine Arts, and the Houston Zoo.

The cost of living in Houston is rated at 96.5, a few points lower than the United States’ average. A single person’s monthly expenses amount to about $843 excluding rent.

Residents enjoy faster internet speeds compared to the rest of Texas and the United States. Almost 90% of Houston enjoy internet speeds over 250 Mbps.

Houston offers big-city amenities at pocket-friendly prices. It also has a healthy immigrant ecosystem and an impressively strong sense of community for a city of its size.

Kyiv, Ukraine

The largest city in Ukraine, Kyiv is a cultural hub and a fantastic jump-off point for exploring the country’s cultural diversity and history. It is home to the infamous and abandoned city of Chernobyl.

Kyiv offers co-working spaces, affordable accommodations, reasonably priced food, and friendly professional communities. Ukraine also has Digital Nomad visas that are designed for people who wish to work in the country, remotely or otherwise.

In September 2020, Ukraine ranked 59th in the world in terms of fixed broadband internet access speed with an average download speed of 59.13 Mbps.

For remote workers on a budget and looking to experience a city with a lot of character and history, the city of Kyiv is an affordable and beautiful option.

Las Vegas, USA

Despite all the hype and its reputation as “Sin City, “ Las Vegas is an affordable place to work remotely while giving you access to its art scene, casinos, and world-class entertainment.

While the cost of living is 11.6% higher than the national average, the city offers affordable housing with a cost of living that is still lower than other cities in the state of Nevada.

If you don’t want to lease a place, you can easily find exclusive deals at hotels in downtown Las Vegas. Most, if not all, will provide you with a specific allowance for food and beverages per day.

New York, USA

The Big Apple is a top-tier city for telecommuting if you can afford it. A single person will spend about $1,358 per month excluding rent.

New York is world-famous for its dizzyingly fast pace, high energy, traffic, constant hustle and bustle, 24-hour life, and creative spirit. It’s overflowing with experiences and attractions like the Statue of Liberty, Ellis Island, Broadway, the Brooklyn Bridge, Central Park, and more.

You won’t have any problem with internet connectivity here. Ninety-nine percent of residents enjoy internet speeds of 250 Mbps or higher with fiber-optic technology readily available to several households.

Remote Work: Your License to Explore New Places

If you’re lucky enough to work remotely, then you have the flexibility of exploring working from different places. Even if you just visit for a few months, it’s refreshing and valuable to experience different cultures and other ways of living every once in a while. With this list of the world’s best cities for remote work, why not explore the possibilities of being based someplace else?

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