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  2. List of business terms - Wikipedia

    en.wikipedia.org/wiki/List_of_business_terms

    Take actions which increase the amount of work that can be done in the future. Circle back Discuss later [1] Circle the wagons: Defensive strategy to provide time to plan or produce a better solution Cover all directions of the compass Ensure the product specification covers everything Create the storyboard Outline what the solution will look like

  3. Customer switching - Wikipedia

    en.wikipedia.org/wiki/Customer_switching

    In marketing and microeconomics, customer switching or consumer switching describes "customers/consumers abandoning a product or service in favor of a competitor". [1] Assuming constant price, product or service quality, counteracting this behaviour in order to achieve maximal customer retention is the business of marketing, public relations and advertising.

  4. Enshittification - Wikipedia

    en.wikipedia.org/wiki/Enshittification

    The American Dialect Society selected enshittification as its 2023 word of the year. [8] [14] The Macquarie Dictionary named enshittification as its 2024 word of the year, selected by both the committee's and people's choice votes for only the third time since the inaugural event in 2006. [15]

  5. Customer service - Wikipedia

    en.wikipedia.org/wiki/Customer_service

    Each industry requires different levels of customer service, [1] but towards the end, the idea of a well-performed service is that of increasing revenues. The perception of success of the customer service interactions is dependent on employees "who can adjust themselves to the personality of the customer". [2]

  6. Two-sided market - Wikipedia

    en.wikipedia.org/wiki/Two-sided_market

    A two-sided market, also called a two-sided network, is an intermediary economic platform having two distinct user groups that provide each other with network benefits. The organization that creates value primarily by enabling direct interactions between two (or more) distinct types of affiliated customers is called a multi-sided platform. [1]

  7. Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here. ... Doritos' new flavor is in our top 5 of all time ...

  8. Glossary of project management - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_project_management

    Work breakdown structure (WBS) is a method and a kind of representation that defines a project and groups the project's discrete work elements in a way that helps organize and define the total work scope of the project. A Work breakdown structure element may be a product, data, a service, or any combination.

  9. I dined at a 3-star Michelin restaurant for the first time ...

    www.aol.com/dined-3-star-michelin-restaurant...

    Chef Patrick O'Connell opened the Inn at Little Washington restaurant in 1978. The Inn is now a five-star hotel, and the restaurant has held onto three Michelin stars since 2018.