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  2. List of business terms - Wikipedia

    en.wikipedia.org/wiki/List_of_business_terms

    To sell a small solution and then grow it within the client's environment Make hay Productive or successful in a short time [1] Moving forward Making progress on an idea or scheme Move the goal posts Change the criteria for success [1] Pick the low-hanging fruit Go (initially) for the easiest options [1] Power to the elbow

  3. Willingness to accept - Wikipedia

    en.wikipedia.org/wiki/Willingness_to_accept

    In economics, willingness to accept (WTA) is the minimum monetary amount that а person is willing to accept to sell a good or service, or to bear a negative externality, such as pollution. [1] This is in contrast to willingness to pay ( WTP ), which is the maximum amount of money a consumer (a buyer ) is willing to sacrifice to purchase a good ...

  4. Business - Wikipedia

    en.wikipedia.org/wiki/Business

    A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired. [6] The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the ...

  5. Economics terminology that differs from common usage

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

    In economics, supply refers to the strength of one or many producers' willingness to produce and sell a good or goods at any in a range of prices. If, for example, a reduction in production costs causes a producer to be willing to provide more of a good than before contingent on each possible price, economists say that the drop in production ...

  6. Sample sale - Wikipedia

    en.wikipedia.org/wiki/Sample_sale

    While bridal sample sales are most common in early summer and late fall, some stores sell sample merchandise throughout the year and even online. [2] Sample sale websites are a new trend expanding upon the popular brick-and-mortar (B&M) sample sales that often occur in New York, Los Angeles, and other prominent locations. Sample sale sites are ...

  7. Risk appetite - Wikipedia

    en.wikipedia.org/wiki/Risk_appetite

    Risk appetite is the level of risk that an organization is prepared to accept in pursuit of its objectives, [1] before action is deemed necessary to reduce the risk. It represents a balance between the potential benefits of innovation and the threats that change inevitably brings.

  8. Value proposition - Wikipedia

    en.wikipedia.org/wiki/Value_proposition

    Perceived value and willingness to pay are correlated. Customers are willing to pay in several circumstances, a few examples being; when they are faced with different offers, when they are in a partnership with the supplier, when the need to buy is urgent, when there aren't any substitutes, and when there is a high positive relationship between ...

  9. Willingness to pay - Wikipedia

    en.wikipedia.org/wiki/Willingness_to_pay

    According to the constructed preference view, consumer willingness to pay is a context-sensitive construct; that is, a consumer's WTP for a product depends on the concrete decision context. For example, consumers tend to be willing to pay more for a soft drink in a luxury hotel resort in comparison to a beach bar or a local retail store.