Deflation in Economics – Explained + Examples
Deflation is a term used to describe a decrease in the overall price level of goods and services in an
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Definitions
Explaining simple or complex business or startup or entrepreneurship related words.
Financial Default – Explained + Examples
Default refers to a situation where an individual, business, or government fails to make payments on their debt obligations. When
Read MoreDebt – Explained
Debt is the term used when someone owes money to another person or entity. This can be individuals, businesses, or
Read MoreCost Structure – Explained
Cost structure refers to the combination of fixed and variable expenses that a company incurs in order to produce and
Read MoreCost-benefit Analysis (CBA) – Explained + Examples
Cost-benefit analysis (CBA) is a systematic and quantitative approach to evaluating the potential benefits and costs of a proposed project,
Read MoreCorporate Strategy – Explained
Corporate strategy is the general plan that guides a company’s long-term goals and objectives. It outlines how the company aims
Read MoreCorporate Culture – Explained
Corporate culture refers to the shared values, beliefs, attitudes, and behaviours that shape the way people within a company think,
Read MoreCollective Bargaining – Explained
Collective bargaining is a process where representatives of a group of workers, such as a labor union, negotiate with an
Read MoreCompetition in Business – Importance
Competition refers to the rivalry between businesses operating in the same market or industry. In a competitive market, companies strive
Read MoreConsumer Behavior – Explained
Consumer behavior refers to the actions and decisions made by individuals and households when purchasing and using goods and services.
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