Vis Major is a legal term used to describe a sudden and unexpected event that interrupts the normal course of business. This can include natural disasters, accidents, and other unforeseeable events. Businesses may be forced to close or suspend operations due to vis major, and this can lead to financial losses. It is important for … Read more
A segment is a group of customers or a geographic area that a company targets with a specific marketing mix. A company’s marketing mix is the combination of marketing tools that the company uses to reach its target market. There are four main elements of a marketing mix: product, price, promotion, and place. A company … Read more
Mission critical is a term that is used to describe a system or process that is essential to the success or continuation of a business or enterprise. In other words, if the system or process fails, the business will likely fail as well. There are a variety of mission critical systems and processes that can … Read more
Value-Added Product: Its Meaning in Industry and Marketing What is another word for value added? There is no definitive answer to this question as the term “value added” can mean different things in different contexts. However, some possible synonyms for “value added” include “added value,” “incremental value,” and “net value.” Why is value-added products important? … Read more
Lease payments are made in order to keep the property leased during the term of the lease. The lessee (or tenant) is responsible for making these payments to the lessor (or landlord). The payments are typically made on a monthly basis, but can also be made quarterly or annually. The amount of the lease payment … Read more
Core competencies are the essential skills and abilities that are required to perform a job. They are the key skills and knowledge that an individual needs to be able to perform a job effectively. Core competencies are often used as a way to assess and select employees, as they can be used to identify individuals … Read more
A big-box retailer is a large retailer that typically has a wide range of merchandise and a large volume of sales. Big-box retailers usually have a physical store, but some also operate online. The term “big-box retailer” is used in the United States, Canada, and Australia. The term “big-box retailer” is used to describe a … Read more
When Windows of Opportunity Matter In business, a window of opportunity is a brief period of time during which a company can capitalize on a trends or market conditions to achieve a competitive advantage. A window of opportunity may also refer to a shorter timeframe within which a company must act to avoid missing out … Read more
Gantt Charts: Definition, Benefits, and How They’re Used How do you use a Gantt chart effectively? To use a Gantt chart effectively, you need to understand what information it can provide and how to interpret it. A Gantt chart is a type of bar chart that shows the start and end dates of tasks in … Read more
In business, the term “What a Boom Tells Us” is used to describe how a company or industry is doing. It is used to analyze how well a company is doing and to predict future trends. This term is also used in economics to describe how an economy is doing. What is boom cycle? In … Read more
