Examlex
Darren is considering setting up a blog for his company in order to create buzz around their products. Darren is using the technique of moblogging.
Economic Decisions
Choices made by individuals, firms, or governments regarding the allocation of resources to optimize benefits.
Sunk Cost
A cost that has already been incurred and cannot be recovered. It should not impact future business decisions because it cannot be changed.
Depreciation
The reduction in the value of an asset over time, particularly regarding tangible assets like machinery and vehicles.
Outsourcing
The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.
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