Archives: Vocabulary

A recliner is an armchair or sofa that reclines when the occupant lowers the chair’s back and raises its front. It has a backrest that...

Al-Debei and Avison (2010) define a business model as an abstract representation of an organization, be it conceptual, textual, and/or graphical, of all core interrelated...

In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the...

In law and business, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets...

Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is...

A cafeteria is a type of food service location in which there is little or no waiting staff table service, whether a restaurant or within...

In a supply chain, a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock items...