A rule of thumb is a general guideline or principle that can be used as a reference point when making decisions. It is not a hard and fast rule, but rather a general guide that can be helpful in making decisions. The term is often used in business, as businesses often have to make decisions … Read more
A golden parachute is a type of compensation package that is typically given to high-level executives when they are let go from a company. It is designed to help them financially while they are looking for new employment. The most common form of golden parachute is a severance package, which can include things like a … Read more
The term “understanding revolving doors” is a business jargon term that refers to the process of understanding how a business operates in order to make decisions that will improve the business. This term is often used in the context of business consulting, where consultants work with businesses to help them understand their own operations and … Read more
What You Should Know About Mega-Deals What is jargon in simple words? Jargon is a type of language that is used in a particular context and may not be understood by people outside of that context. Jargon is often used in fields such as business, medicine, and technology. What are technical jargons? Technical jargons are … Read more
In business, “Follow-the-Leader Pricing” is a pricing strategy whereby a company sets its prices based on what its competitors are charging. This strategy is often used by companies in highly competitive industries, where there is little room to differentiate products and services. By matching or slightly undercutting the competition, companies hope to win market share … Read more
The term “over and short” is used to describe a situation where an organization has more liabilities than assets. This can happen for a variety of reasons, but it typically happens when an organization has taken on too much debt or has made poor investment decisions. When an organization is “over and short,” it is … Read more
The term “Cover Your Ass” is generally used in business to mean taking actions to protect oneself from possible future criticism or legal action. This can include everything from keeping detailed records to making sure all company policies are followed. The phrase is often used as a negative, implying that someone is more concerned with … Read more
A shotgun clause is a type of clause often found in business contracts that allows either party to the contract to terminate the agreement if the other party fails to meet certain obligations. The clause gets its name from the fact that it allows one party to “shoot” the other party out of the contract. … Read more
When two or more companies compete against each other by selling similar products or services at lower and lower prices, it’s called a price war. Price wars can be a good thing for consumers because they can drive prices down. But they can also be bad for business because they can hurt profits and lead … Read more
The phrase “boil the ocean” is often used to describe the process of trying to do too much at once, or taking on more than is necessary. The phrase is most often used in a negative way, to describe someone who is trying to accomplish too much or who is taking on more than they … Read more
