Business

Customer
A customer is an individual or business that purchases goods or services from another business, essential for revenue generation.
Customer Relationship Management (CRM)
Customer Relationship Management (CRM) refers to strategies and tools that help organizations enhance customer satisfaction and loyalty through effective interaction.
Debtor in Possession (DIP)
A debtor in possession (DIP) is a business or individual that has filed for Chapter 11 bankruptcy yet continues to maintain control over their assets.
Decision Support System (DSS)
A Decision Support System (DSS) is a computerized tool designed to help in decision-making by analyzing large volumes of data.
Divestiture
A divestiture is the partial or full disposal of a business unit through various means including sale, exchange, or closure.
Domestic Corporation
A domestic corporation conducts its business primarily within its home country or state.
Early Adopter
An Early Adopter is a trailblazer in utilizing new technology or products, often taking both the honor and risk associated with being ahead of the curve.
Elevator Pitch
A brief and engaging speech designed to sell an idea or product in the time span of an elevator ride.
Excess Capacity
Understanding what excess capacity means and what causes it in various industries.
Executive Master of Business Administration (EMBA)
A specialized degree program tailored for corporate executives and senior managers seeking managerial excellence while balancing their careers.
Expansion in the Business Cycle
Expansion is the phase of the business cycle characterized by increased economic activity, leading to growth in real GDP.

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