What Is a Target Market? A target market refers to a specific group of consumers that a company aims…
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What Is Opportunity Cost? Opportunity cost refers to the potential benefits an individual, investor, or business misses out on…
What Is a Sunk Cost? A sunk cost refers to a cost that the company has already incurred and…
What Is a Revenue Stream? A revenue stream is simply a source of income for a business or individual.…
What Is a Supply Chain? A supply chain is the entire network of entities involved in the creation and…
What Is Wholesale? Wholesale refers to the sale of goods or services in large quantities to be resold by…
What Is a Fiscal Year? A fiscal year (FY) is a 12-month accounting period used by organizations for budgeting,…
What Is Branding? Branding is the process of defining and creating a distinct positive identity for a business in…
What Is a Dividend? A dividend is a portion of a business’s earnings that is distributed to shareholders. It…
What Is Vertical Integration? Vertical integration is a strategy where a company takes ownership of multiple stages of its…