Can Akdeniz's Blog, page 8
December 3, 2015
What is Make Redundant
Typically when a new position or technology fills an existing need better than the previous position or technology, the latter is done away with or fired.
What is Market Penetration
Market penetration is both a measure of brand popularity defined as the number of people buy a given brand divided by the number of people in the relevant market.
What is a Merger
When two businesses or entities combine into a single company.
What are Minutes
The written record of major decisions made at meetings.
What is Monetization
The conversion of free products or services into a money-making endeavor.
December 1, 2015
What is Target Audience
The intended audience for a product or service. In order for a business concept to be successful, it’s incredibly important to have a clear idea of who the target demographic is, in terms of age, gender, location, income, and interests.
What is Telecommuting
Working remotely, using via internet. With the rise of freelance employment and the increase use of internet and smartphones, telecommuting has become increasingly common.
What is USP
U.S.P. stands for Unique Selling Proposition, the thing that makes one product or service stand out from its competitors. In order for a product to have an edge on competitors, it needs to have a U.S.P.
What is Value Network
A value network is the network of resources within or between businesses.
What Is Venture Capital
Sometimes abbreviated as VC, venture capital is money that is invested in an up-and-coming business with good growth potential.
