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The parties, by agreement, may divide the risk and shift the allocation of risk.
Cost Classifications
The categorization of costs based on their characteristics, purposes, or behavior, such as fixed vs. variable or direct vs. indirect costs.
Service Organisations
Entities that provide intangible products or services to customers, such as healthcare, education, and financial services.
Professional Services
Professional services refer to specialized, knowledge-based services provided by experts in fields such as law, accounting, consulting, and architecture, to solve particular client problems or needs.
Front Office Orientation
Refers to a business approach focused on direct interaction with the customers, emphasizing customer service and satisfaction as key to success.
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