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  1. Asked: July 31, 2024In: Business

    What is market share?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:18 am

    Market share is defined as the percentage of total sales in a market that can be attributed to a given company.

    Market share is defined as the percentage of total sales in a market that can be attributed to a given company.

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  2. Asked: July 31, 2024In: Business

    What is Business Analytics?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:16 am

    Business analytics is a process for making informed business decisions based on an analysis of data using statistical and analytical techniques.

    Business analytics is a process for making informed business decisions based on an analysis of data using statistical and analytical techniques.

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  3. Asked: July 31, 2024In: Business

    What does CAC stand for?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:15 am

    This stands for Customer Acquisition Cost, which refers to the cost of winning one new customer. It is normally measured as the total marketing and sales expenditure one spends to win one customer.

    This stands for Customer Acquisition Cost, which refers to the cost of winning one new customer. It is normally measured as the total marketing and sales expenditure one spends to win one customer.

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  4. Asked: July 31, 2024In: Business

    What is a business incubator?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:13 am

    This is an organization designed to support startups by providing them with the necessary resources, mentorship, and a place for working.

    This is an organization designed to support startups by providing them with the necessary resources, mentorship, and a place for working.

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  5. Asked: July 31, 2024In: Business

    What is economies of scale?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:12 am

    Economies of scale occur when increasing production lowers the cost per unit by having fixed costs spread over more units.

    Economies of scale occur when increasing production lowers the cost per unit by having fixed costs spread over more units.

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  6. Asked: July 31, 2024In: Business

    What is an exit strategy?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:10 am

    A plan showing how an investor or a business owner is going to sell their stake in a business and realize their investment.

    A plan showing how an investor or a business owner is going to sell their stake in a business and realize their investment.

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  7. Asked: July 31, 2024In: Business

    What does B2B stand for?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:09 am

    B2B stands for Business-to-Business, and it refers to transactions between businesses rather than between a business and individual consumers.

    B2B stands for Business-to-Business, and it refers to transactions between businesses rather than between a business and individual consumers.

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  8. Asked: July 31, 2024In: Business

    What is the meaning of diversification in business?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:07 am

    Diversification refers to entry into new markets or development of new products to spread risk.

    Diversification refers to entry into new markets or development of new products to spread risk.

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  9. Asked: July 31, 2024In: Business

    What is merger?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:06 am

    Merger is an amalgamation of two companies into a single entity.

    Merger is an amalgamation of two companies into a single entity.

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  10. Asked: July 31, 2024In: Business

    What is lean manufacturing?

    Asritha
    Asritha Curator
    Added an answer on July 31, 2024 at 11:04 am

    Lean manufacturing is a production methodology oriented to minimize waste and maximize efficiency.

    Lean manufacturing is a production methodology oriented to minimize waste and maximize efficiency.

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