CategoryBusiness

What is mass customization?

W

The act of producing products and services that are affordable and tailored to meet the demands of target clients is known as mass customization. Mass customization brings the personalization and...

What is unpaid leave?

W

Unpaid leave is when your company permits you to take time off work for an extended amount of time without being compensated for it. If the Family and Medical Leave Act (FMLA) deems your absence...

What is bargaining power?

W

Bargaining power is among several economic concepts developed to help people understand the various factors that influence how deals are made and businesses succeed. The ability of one party to...

What is audit risk?

W

The risk of substantially inaccurate financial statements, even if the audit opinion indicates that the financial reports are free from errors, is known as audit risk. Irrespective of how thoroughly...

What is B2C?

W

Business-to-consumer, most often called B2C, refers to selling goods and services directly to customers who are the end-users of the firm’s goods or services. B2C firms are those that sell...

What is B2B?

W

The term “B2B” stands for “business to business.” The phrase applies to every business that produces goods and services for many other firms. Business-to-business (B2B)...

What is scarcity?

W

Scarcity, often referred to as paucity, is a term that relates to a disparity between limited resources’ availability and people’s theoretical needs for them. As a response, organizations...

What are debentures?

W

Unsecured bonds or any other debt instruments with no collateral are called debentures. Due to the lack of collateral, debentures need to depend on the issuer’s creditworthiness or reputation...

Get in touch