The scalar principle means that there should be a clear definition of authority in the organization and that this authority […]

A person who buys an item with the expectation that he will be able to sell it for a large […]

A good that is valued, and for which there is an opportunity cost of acquiring more.

A belief centered on the idea that opportunities are limited. Individuals with such beliefs tend to engage in lower levels […]

Sectional Center Facility. The first three digits of the U. S. Zip Code.

Another, equivalent way to refer to innovation rents. Also known as: innovation rents.

An alternative currency, often used for employees in remote locations.

The calculated sum of the resources required in order to find and evaluate a potential purchase. The greater the search […]

A product or service with a value that can be determined with confidence prior to purchase.

The primary market is where goods or financial assets are sold for the first time. For example, the initial sale […]