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  2. List of business terms - Wikipedia

    en.wikipedia.org/wiki/List_of_business_terms

    The foundations of an idea, which helps another related scheme or proposal Unique selling proposition (USP) Any aspect of an object that differentiates it from similar objects Win-win solution Providing a product or service which makes everyone happy, particularly both buyer and seller

  3. Service (business) - Wikipedia

    en.wikipedia.org/wiki/Service_(business)

    Most modern business theorists see a continuum with pure service on one terminal point and pure commodity good on the other terminal point. [2] Most products fall between these two extremes. For example, a restaurant provides a physical good (the food), but also provides services in the form of ambience, the setting and clearing of the table ...

  4. Service (economics) - Wikipedia

    en.wikipedia.org/wiki/Service_(economics)

    Example: The taxi service which transports the service consumer from home to work is different from the taxi service which transports the same service consumer from work to home – another point in time, the other direction, possibly another route, probably another taxi-driver and cab. Another and more common term for this is heterogeneity.

  5. Contractual term - Wikipedia

    en.wikipedia.org/wiki/Contractual_term

    Each term gives rise to a contractual obligation, the breach of which may give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract. The terms of a contract are the essence of a contract, and tell the reader what the contract will do.

  6. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  7. AOL Terms of Service information

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    Learn where you can find information about AOL's policies and Terms of Service.

  8. Economics terminology that differs from common usage

    en.wikipedia.org/wiki/Economics_terminology_that...

    In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.

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