Latest Business Terms

Growth–share matrix
Growth–share matrix, or product portfolio matrix, evaluates the attractiveness of a business and the competitiveness of the company for each business, distinguishes between businesses that generate cash and businesses that require investment, and then clarifies the positioning of the company. It is intended to be positioned as one of "Cash ...
FinTech
FinTech is a coined word coined from "Financial" and "Technology" and refers to financial services that make full use of IT. It is also called " Neobank " because it provides services such as settlement, financing, asset management, and stock trading that traditional financial institutions have been responsible for instantly ...
Cloud
Cloud (official name: cloud computing) is a system located in another location via the Internet line, instead of managing data such as images and texts by physically placing a server at home or in the office. Refers to the mechanism to use. It's not the name of the technology. In ...
Economies of scale
Economies of scale means that if production scale is expanded, the average production cost per unit of product will decrease as the production volume increases. Therefore, it is widely used in industries that require large-scale production equipment in one business. By pursuing one business more deeply, the know-how and technology ...
Economies of scope
Economies of scope is an economic phenomenon in which the cost per unit of a product or service decreases as the types of products and businesses handled increase. In other words, the cost per unit is lower if one company conducts multiple businesses and shares management resources rather than manufacturing ...
Razor and blade Model
Razor and blade Model is a business model in which the main body of the product is provided free of charge or at a low price, and accessories are continuously sold as consumables to maintain profits. This name is derived from the adoption by Gillette, a razor maker that sells ...
Freemium
Freemium is to provide basic services for free to acquire many customers, and to have some users purchase advanced features and easy-to-use paid versions to increase profits . Business model. Freemium is a coined word that combines "free" and "premium" created by American investor Fred Wilson, and was written in ...
Economies of density
The economy of density is the economic effect that opening stores intensively in a specific area reduces costs such as transportation costs and advertising costs . In order to obtain the economic effect of density, the minimum requirement is whether or not it is possible to secure sales that exceed ...
Economies of speed
Economies of speed is the economic effect that can bring economic benefits by speeding up the business and its management. Specifically, it will increase the speed of product development, production, and sales, speed up information acquisition, work speed, product development speed, and product turnover speed, and companies will enjoy the ...
Franchise Model
A franchising or Franchise Model is a company that has excellent products and services, and provides people and businesses aiming to open independently with the right to sell their products and services, trademarks, collation, and management know-how, with the aim of developing multiple stores. It is a business model that ...

Popular Business Terms

Divisional organizational structure
Divisional organization structure is one of the basic organizational structures as well as functional organizations and matrix organization ,and this organization is divided into roles according to the products and services provided.(ex. Television Division, Refrigerator Division, etc.) In addition, it is applied not only to each product or service, but ...
Functional organaization structure
Function structure is one of the structures of a management organization, and refers to an organization that is organized according to work content such as development, sales, production, personnel, and accounting, along with divisional organization and matrix organization. This is the basic organizational structure of. It is said that the ...
Matrix Organization
The matrix organization is an organizational structure that has the characteristics of both a divisional organization and a function-based organization. A matrix means a matrix in mathematics in which numbers and letters are arranged vertically and horizontally, and as shown in the figure above, it has a dual structure in ...
Long Tail
The long tail is a business model that not only sells well-selling products, but also has a large number of dead-line products that hardly sell, and matches dead-line products with people who have their needs to increase sales. Until now, it has been thought that it is the best-selling products ...
No frills
No frills is a business model that eliminates extra services as much as possible , but does not reduce the quality of core services, and provides users with a reduced price as much as they are omitted. By narrowing down to the minimum necessary services, we will attract a customer ...
Cloud
Cloud (official name: cloud computing) is a system located in another location via the Internet line, instead of managing data such as images and texts by physically placing a server at home or in the office. Refers to the mechanism to use. It's not the name of the technology. In ...
FinTech
FinTech is a coined word coined from "Financial" and "Technology" and refers to financial services that make full use of IT. It is also called " Neobank " because it provides services such as settlement, financing, asset management, and stock trading that traditional financial institutions have been responsible for instantly ...
Economies of scale
Economies of scale means that if production scale is expanded, the average production cost per unit of product will decrease as the production volume increases. Therefore, it is widely used in industries that require large-scale production equipment in one business. By pursuing one business more deeply, the know-how and technology ...
Economies of scope
Economies of scope is an economic phenomenon in which the cost per unit of a product or service decreases as the types of products and businesses handled increase. In other words, the cost per unit is lower if one company conducts multiple businesses and shares management resources rather than manufacturing ...
Economies of density
The economy of density is the economic effect that opening stores intensively in a specific area reduces costs such as transportation costs and advertising costs . In order to obtain the economic effect of density, the minimum requirement is whether or not it is possible to secure sales that exceed ...

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