Risk evaluation is the process of identifying and assessing the risks that an organization or individual may face. It is…
The law of demand is a fundamental principle in economics that states that, all other factors being equal, the quantity…
A latent need is a customer need that is not currently being met by the market and is not actively…
Technology is an important component of every business, constantly reshaping entire industries. Keeping pace with new and emerging technology can…
Sales is the process of establishing relationships with potential customers, discovering their needs and preferences, presenting solutions to their problems,…
Customer convenience refers to any aspect of the customer experience that makes it easier and more efficient for them. This…
Segregation of duties is a principle in internal control that aims to reduce the risk of fraud or errors by…
A continuous process is a series of steps that are designed to be executed concurrently, meaning that all the steps…
Infrastructure risk refers to the potential negative consequences that a business may face as a result of failures in core…
