Defining, Identifying, and Examples of a Turnaround.

What is a turnaround? A turnaround is a situation in which a company or organization that was previously in decline begins to recover and improve. This can involve a number of different changes and initiatives, all aimed at improving the overall performance of the company. Turnarounds can be challenging to achieve, but can be very … Read more

Norwegian Krone (NOK) Definition.

The Norwegian Krone (NOK) is the official currency of Norway. The Norwegian Krone is divided into 100 smaller units called “ore”. The ISO code for the Norwegian Krone is NOK. One Norwegian Krone is divided into 100 ore and is often presented with the symbol kr. The Norwegian Krone was introduced in 1875 and was … Read more

What is crisis?

The meaning of crisis in the field of economía refers to the periods in which the financial system goes through a delicate situation for a long period of time. When we speak of an economic crisis, it implies a series of negative changes in the main economic variables, especially in the Gross Domestic Product (GDP) … Read more