Information Systems (Also MIS) – the part of the company responsible for the central data processing operations.

A line that represents all combinations that cost a given total amount.

A curve on which all points yield the same profit.

The combinations of the probability of innovation and the total benefits to society from a firm’s innovation that yield the […]

New membership interests may be created, issued and sold to new members.

Interactive Voice Response a piece of equipment connected with an ACD which permits inbound callers to a call center to […]

A person, business, or other entity who has become a generalist. Due to a lack of specialization, a jack of […]

A bidding system in which price continually rises until only one bidder is willing to pay. He then pays the […]

The result of research on coal usage by William Stanley Jevons. It states that increasing efficiency of the use of […]

The sum of the economic rents of all involved in an interaction. Also known as: total gains from exchange or […]