Examlex
Because of advancements in technology,managers now have an easier time obtaining long-term commitments from workers.
Expansion
The growth of a business or its operations into new markets, territories, or product lines.
New Venture
Refers to a new business enterprise or startup that is typically characterized by high risk and potential for growth.
Replacement
Refers to the process of substituting an old asset with a new one to maintain or improve operational efficiency.
Payback Period
A capital budgeting technique that rates projects according to the speed with which they return invested money.
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