Over The Top (Ott )
The phrase “over the top OTT” is a common phrase used to describe a service or product that is excessive or over-the-top. Definition: Over-the-top (OTT): A term used to describe streaming services, such as Netflix, Hulu, or Disney+, that offer a wide variety of content, including movies, TV shows, and games, directly over the internet. […]
Due Diligence
Due Diligence Due diligence is the process of gathering and analyzing information about a company or investment opportunity to assess its financial health, operational capabilities, and overall suitability for a particular investment. It is a comprehensive process that involves a variety of activities, including: Key Elements of Due Diligence: 1. Financial Analysis:– Reviewing financial statements […]
Grey Market
Grey Market The grey market refers to the unauthorized sale and distribution of goods, services, or intangible assets outside of the legal framework established by the government. These goods are typically obtained through illegal means, such as counterfeiting, piracy, or smuggling. Characteristics of Grey Market: Unlawful: Transactions in the grey market violate laws and regulations. […]
Business Ecosystem
Business Ecosystem A business ecosystem is a network of organizations, individuals, and technology that interact with each other to create, deliver, and capture value. It includes the organization itself, its customers, suppliers, partners, and competitors. Key Components of a Business Ecosystem: Organization: The focal point of the ecosystem, responsible for producing and delivering value. Customers: […]
Video Conferencing
Video Conferencing Video conferencing is a technology that allows people to conduct meetings and communicate with each other in real time through the use of video and audio conferencing tools. It is widely used in business, education, and social gatherings. Key Features: Video and Audio Conferencing: Allows participants to see and hear each other as […]
Advance Payment
Definition: An advance payment is a payment made in advance of the delivery of goods or services. It is typically a partial payment made to secure a contract or agreement. Examples: A customer making a deposit on a car purchase. A student paying tuition fees in advance. A landlord receiving rent payment for the first […]
Ecommerce, What Is E-Commerce
E-commerce (electronic commerce) is a type of business transaction that occurs over electronic networks, primarily the Internet. It encompasses the sale and exchange of goods, services, information, and ideas between businesses and consumers. Key Characteristics of E-commerce: Electronic Transactions: E-commerce transactions take place electronically, typically through websites, mobile apps, or other online platforms. Distance Selling: […]
Laggard
The word “laggard” is an adjective meaning “slow, weak, or inefficient.” Synonyms:– Sluggish- Listless- Lackadaisical- Inept Antonyms:– Quick- Strong- Efficient- Energetic
Cts,Cheque Truncation System
Cheque Truncation System (CTS) The Cheque Truncation System (CTS) is a nationwide electronic system that facilitates the truncation of cheques. It is a secure and efficient way to process and clear cheques, reducing the need for physical transit of cheques. Key Components of the CTS: Cheque Issuer: Banks that issue cheques. Cheque Processor: Banks that […]
Barcode
Definition: A barcode is a type of two-dimensional (2D) barcode that consists of black and white modules arranged in a specific pattern. It is a visual representation of data that can be scanned and decoded by a barcode reader. Components: Barcode module: A single unit of black and white modules. Quiet zone: A border of […]
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