OFFENSIVE COMPETITIVE STRATEGY
A strategy implemented by a company that intends to stay ahead of its competition, through investments in technology and research and development. This strategy is particularly useful when trying to change the
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A strategy implemented by a company that intends to stay ahead of its competition, through investments in technology and research and development. This strategy is particularly useful when trying to change the
The value of the nation’s reserve holdings encompassing gold reserves, tradable foreign currencies and special drawing rights.
A mutual fund that is located in financial center that is located in another country, which is also referred to as offshore financial center (OFC)
A layer of crude or refined oil covering a large area of the soil or sea water caused by a leaking oil tanker.
Common term used in shipping documents, such as bills of lading. Its use is not standardized, but the term usually means that the goods have been “received for carriage”. This may or
A consumer who purchases only one product or service from a business. With the correct incentives, a one-time buyer may become a repeat customer.
1. The country in which you legally reside (and whose courts have jurisdiction over you). 2. On dry land, not at sea.
A bidding contest that concludes with the opening of sealed bids in a public forum, enabling all interested parties to witness the bids.
Open framework software enables programmers to easily remove and replace modules to create new apps.
A system that enables insurers to use rates not previously approved by the state.
Balance at the beginning of a new accounting period, brought forward from the previous period.
The impact upon continued operations caused by accidents and disasters.
Explicit instruction not to send marketing materials to an individual.
A buyer of options who has yet to exercise or sell an option.
Verbal exchange of ideas or information.
Revenue generated by orderly sales.
UK / Commonwealth term for COMMON STOCK.
Study of all aspects of organizations, from structures to management styles.
Selfish pursuit of individual agendas by members of an organization, with no regard to the impact on the organization?s stated goals.
This charge is imposed by a lender on a borrower to cover costs incurred during the mortgage application.