The advantages and disadvantages of credit cards

Credit cards can be very convenient and useful, but they can also lead to stressful financial situations. That’s why it’s helpful and financially smart to understand the pros and cons of credit cards. Here are the main advantages and disadvantages you’ll want to know about. Building credit, earning cash back and benefiting from fraud protection … Continue reading The advantages and disadvantages of credit cards

Capital

What is Capital? In economics, capital consists of assets used for the production of goods and services. A typical example is the machinery used in factories. Capital can be increased by human labor, and does not include certain durable goods like homes and personal automobiles that are not used in the production of saleable goods … Continue reading Capital

Cannibalization

What is Cannibalization? In marketing strategy, cannibalization refers to a reduction in sales volume, sales revenue, or market share of one product as a result of the introduction of a new product by the same producer. Market cannibalization is a loss in sales caused by a company’s introduction of a new product that displaces one … Continue reading Cannibalization

Accessorial charges

Definition of Accessorial charges Accessorial charges are all additional costs, going beyond the normal procedures for transporting in various type of transport, which the customer bears. These charges are called accessorial charges or chargeable services. For example, suppose that client is moving restaurant equipment to a small shopping center. Due to the complexity of the … Continue reading Accessorial charges

Acceptance testing

Definition of Acceptance testing In engineering and its various subdisciplines, acceptance testing is a test conducted to determine if the requirements of a specification or contract are met. It may involve chemical tests, physical tests, or performance tests. In systems engineering, it may involve black-box testing performed on a system (for example: a piece of … Continue reading Acceptance testing