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A hot site is a separate and fully equipped facility where the company can move immediately after a disaster and resume business.
Rent
A periodic payment made to an owner or landlord for the use of a property, building, or piece of land.
Neighborhood
A geographically localized community within a larger city, town, or suburb, often characterized by social interactions and shared amenities among residents.
Theory of Profit
A concept that explains how profit emerges from the difference between a firm's revenues and its costs and how it acts as an incentive for business operations.
Joseph Schumpeter
An economist known for his theories on business cycles, innovation, and economic development, including the concept of "creative destruction."
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