The factor market, also known as the input market, is the market where the factors of production are bought and…
A figure of merit (FOM) is a value used to evaluate the performance of a system or device. It is…
A soft sell is an approach to sales and promotion that emphasizes building a relationship and reputation with customers, rather…
Complexity cost is the cost associated with making something more complex. Complexity can have a range of costs, including increased…
An air gap is a computer network that is physically isolated from other networks, including the internet. This isolation is…
Customer needs analysis is the process of identifying and understanding the needs and wants of customers in order to develop…
An exit strategy is a plan for how to end a business venture, investment, or project. It is a way…
Industrial IoT describes the ecosystem of devices, sensors, applications, and associated networking equipment that work together to collect, monitor, and analyze data across industrial operations.
A business capability is a broad term that refers to the things that a business is able to do or…
