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Casas Bahia
Casas Bahia ( English: Bahia Houses) is a Brazilian retail chain specializing in furniture and home appliances. Currently, it is one of the largest retail chain in Brazil, the other being Magazine Luiza and Americanas. It was founded in 1952 in São Caetano do Sul, São Paulo, by Polish immigrant Samuel Klein, who began his career as a peddler selling products to migrant workers from the Brazilian Northeast. Since June 2019, the Klein family own a controlling stake in Via Varejo, which owns the store. The company's mascot is "Bahianinho" ( Little Bahian), a toothy little boy wearing a ''cangaceiro'' hat, which has been present since 1979. In 2020, the character was redesigned as a modern dark-skinned teenager wearing a baseball cap inscribed with the initial letters "CB," but this redesign received a mixed to negative reception from the public. Operations Casas Bahia, unlike many of its competitors, does not rely on an internet presence as a cornerstone of its strateg ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ...
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Immigrant
Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, and other short-term stays in a destination country do not fall under the definition of immigration or migration; seasonal labour immigration is sometimes included, however. As for economic effects, research suggests that migration is beneficial both to the receiving and sending countries. Research, with few exceptions, finds that immigration on average has positive economic effects on the native population, but is mixed as to whether low-skilled immigration adversely affects low-skilled natives. Studies show that the elimination of barriers to migration would have profound effects on world GDP, with estimates of gains ranging between 67 and 147 percent for the scenarios in which 37 to 53 percent of the developing countries' workers migr ...
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Paraná (state)
Paraná () is one of the 26 states of Brazil, in the south of the country, bordered on the north by São Paulo state, on the east by the Atlantic Ocean, on the south by Santa Catarina state and the province of Misiones, Argentina, and on the west by Mato Grosso do Sul and Paraguay, with the Paraná River as its western boundary line. It is subdivided into 399 municipalities, and its capital is the city of Curitiba. Other major cities are Londrina, Maringá, Ponta Grossa, Cascavel, São José dos Pinhais and Foz do Iguaçu. The state is home to 5.4% of the Brazilian population and has 6.2% of the Brazilian GDP. Crossed by the Tropic of Capricorn, Paraná has what is left of the araucaria forest, one of the most important subtropical forests in the world. At the border with Argentina is the National Park of Iguaçu, considered by UNESCO as a World Heritage Site. At only from there, at the border with Paraguay, the largest dam in the world was built, the Hidroelétrica ...
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Espírito Santo
Espírito Santo (, , ; ) is a state in southeastern Brazil. Its capital is Vitória, and its largest city is Serra. With an extensive coastline, the state hosts some of the country's main ports, and its beaches are significant tourist attractions. The capital, Vitória, is located on an island, which borders the municipalities of Vila Velha, Cariacica and Serra. These municipalities plus the outer cities of Fundão and Guarapari constitute the state's main metro area. In the northern extremes of Espírito Santo is Itaúnas, in the municipality of Conceição da Barra, which is a tourist location known for its sand dunes and forró tradition. The Captaincy of Espírito Santo was carved out of the Captaincy of Bahia in the 18th century, during the colonial rule of Brazil, and named after a 16th-century captaincy covering roughly the same area of coast. Following the elevation of Brazil to a constituent kingdom of United Kingdom of Portugal, Brazil and the Algarves ...
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Minas Gerais
Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally "Beautiful Horizon"), is a major urban and finance center in Latin America, and the sixth largest municipality in Brazil, after the cities of São Paulo, Rio de Janeiro, Salvador, Brasília and Fortaleza, but its metropolitan area is the third largest in Brazil with just over 5.8 million inhabitants, after those of São Paulo and Rio de Janeiro. Nine Brazilian presidents were born in Minas Gerais, the most of any state. The state has 10.1% of the Brazilian population and is responsible for 8.7% of the Brazilian GDP. With an area of —larger than Metropolitan France—it is the fourth most extensive state in Brazil. The main producer of coffee and milk in the country, Minas Gerais is known for its heritage of architecture and colon ...
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Rio De Janeiro (state)
Rio de Janeiro () is one of the 27 federative units of Brazil. It has the second largest economy of Brazil, with the largest being that of the state of São Paulo. The state, which has 8.2% of the Brazilian population, is responsible for 9.2% of the Brazilian GDP. The state of Rio de Janeiro is located within the Brazilian geopolitical region classified as the Southeast (assigned by IBGE). Rio de Janeiro shares borders with all the other states in the same Southeast macroregion: Minas Gerais ( N and NW), Espírito Santo ( NE) and São Paulo ( SW). It is bounded on the east and south by the South Atlantic Ocean. Rio de Janeiro has an area of . Its capital is the city of Rio de Janeiro, which was the capital of the Portuguese Colony of Brazil from 1763 to 1815, of the following United Kingdom of Portugal, Brazil and the Algarves from 1815 to 1822, and of later independent Brazil as a kingdom and republic from 1822 to 1960. The state's 22 largest cities are Rio de Janeiro, S ...
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Customer
In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration. Etymology and terminology Early societies relied on a gift economy based on favours. Later, as commerce developed, less permanent human relations were formed, depending more on transitory needs rather than enduring social desires. Customers are generally said to be the purchasers of goods and services, while clients are those who receive personalized advice and solutions. Although such distinctions have no contemporary semantic weight, agencies such as law firms, film studios, and health care providers tend to prefer '' client'', while grocery stores, banks, and restaurants tend to prefer '' customer'' instead. Clients The term client is derived from Latin ''clients'' or ''care'' ...
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Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (e.g., mandatory pension contributions), and is widely used as a basis to ...
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Installment Plan
A hire purchase (HP), also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing or rent to own. In other words installment means to let a thing without giving total price while payment will be given in a given time period. The buyer will pay monthly agreement installment. The hire purchase agreement was developed in the United Kingdom in the 19th century to allow customers with a cash shortage to make an expensive purchase they otherwise would have to delay or forgo. For example, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal t ...
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Interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest ...
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Profit (economics)
In economics, profit is the difference between the revenue that an economic entity has received from its outputs and the total cost of its inputs. It is equal to total revenue minus total cost, including both explicit and implicit costs. It is different from accounting profit, which only relates to the explicit costs that appear on a firm's financial statements. An accountant measures the firm's accounting profit as the firm's total revenue minus only the firm's explicit costs. An economist includes all costs, both explicit and implicit costs, when analyzing a firm. Therefore, economic profit is smaller than accounting profit. ''Normal profit'' is often viewed in conjunction with economic profit. Normal profits in business refer to a situation where a company generates revenue that is equal to the total costs incurred in its operation, thus allowing it to remain operational in a competitive industry. It is the minimum profit level that a company can achieve to justify its c ...
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Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic mail, telephony, and file sharing. The origins of the Internet date back to the development of packet switching and research commissioned by the United States Department of Defense in the 1960s to enable time-sharing of computers. The primary precursor network, the ARPANET, initially served as a backbone for interconnection of regional academic and military networks in the 1970s to enable resource shari ...
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