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My Business Terms
Category: Business model
Business ecosystem is a term that means a group of platform operators and complementary operators . For example, a product called iPhone consists of a platform operator called Apple, which has iOS software and terminals (iPhone), and a complementary operator that provides apps, accessories, communication ...
Vertical integration is a business model in which all processes in the supply chain from product research and development to manufacturing and sales are carried out within the company group. If the company does not have a process to manufacture or sell products, it may ...
Multi-level marketing(MLM) is a business model in which salespeople who sell their own products are set up outside the company, the salespeople are hierarchized vertically, and the higher-ranking person obtains a sales margin from the lower-ranking person . Also known as " network business " ...
Open business is a business model that creates value that cannot be achieved by individual companies by collaborating with other companies and sometimes consumers on research and development that is normally done only by the company . R & D of new technologies and new ...
BOP is an abbreviation for "Bottom of the Pyramid" and is a idea of doing business targeting low-income people in emerging countries who live on less than $ 3,000 a year . The population belonging to this BOP group is said to be 72% (about ...
A franchise 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 ...
No-frill 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 ...
Crowdsourcing is a service that mediates between a "company" who wants to procure goods and services necessary for business and an "individual" who undertakes the work . Until now, as a means for companies to procure internal and external operations to the outside, there was ...
Retailers' cooperative is a business model in which individual independent retailers build an organization together with retailers with the same purpose to create a chain store-like mechanism . There is a franchise in a similar business model, but in Retailers' cooperative,the franchise stores themselves form ...
