The empirical regularity that growth of GDP is negatively correlated with the rate of unemployment. See also: Okun’s coefficient.

A market where only a few firms control the percentage of total sales.

A market characterized by many sellers but only a handful of buyers.

An on-line database is one in which all the customer records can be called up on your screen instantly when […]

Communications with customers by making an offer on the package that they purchase.

Open-minded team members learn things they wouldn’t on their own and participate in greater solutions than they could come up […]

On-going costs for running a business, service or system that includes day-to-day expenditure such as sales and administration. Compare with […]

The profit or loss a company makes. These figures reflect how the business is performing.

When taking an action implies forgoing the next best alternative action, this is the net benefit of the foregone alternative.