What is Business Process Reengineering (BPR)? Business process re-engineering (BPR) is the redesign of fundamental aspects of business processes.  The objective of BPR is to achieve improvements in performance measures, such as cost, quality, service and speed. Redesign is generally centered around customer processes rather than functional hierarchi...

What is an Escalation Clause? An escalation clause (or escalator clause) refers to a provision permitting a rise in the price of goods, services, or labor wages. The escalation clause is often employed to account for price inflation.  Escalation clauses are common in real estate leases, tuition, and membership dues. ...

What is Capital Structure? Capital Structure is a company's or an organizations financial structure is its way of financing its operational costs or expansion. Most companies will resort to loans or shares. In this case, capital refers to the amount of money available to a company; this includes all monies contributed by owners/shareholders and that...

What is a Close Location Value? CLV is an indicator that states an asset closing price in relation to the High-Low range. This range is between +1 and -1. +1 indicates that the closing price is near its High and -1, near its low. This is used in technical analysis to analyze closing price within a stipulated time. How Does a Close Location Value Wor...

What is Supply?  Supply is the number or quantity of goods or service available for purchase or consumption within a market or economy.  Related Topics Budget Constraint Radner Equilibrium Opportunity Cost Opportunity Set Marginal Analysis Utility Self Interest Cost-Benefit Analysis Enlightened Self-Interest Fisher's Separation Theorem Ratchet Effec...

What is the ownership structure for a business entity? Ownership structure concerns the internal organization of a business entity and the rights and duties of the individuals holding a legal or equitable interest in that business. As owner of the business entity, it is important to understand how the ownership structure of a particular business ent...

What is Disparate Treatment? Disparate Treatment involves direct discriminatory treatment of an employee by the employer (or the employer's representative). The plaintiff must convince the court that the employer intentionally discriminated against the plaintiff. The plaintiff may demonstrate intent by showing that discrimination is a substantial or...

What are Brand Advocates?  We can't fully control publicity because that would mean having some way of controlling what people say about us. One thing we can do to try to encourage positive publicity or sort of manage publicity is encourage what we call brand advocates. In other words, we can try to encourage people to demonstrate their support for ...

What are Friends and Family Shares? Friends and family share refers to a program that offers a company's shares to persons such as employees, friends, and family before the company is listed. The program allows these individuals to have a stake in the business, which enables them to generate wealth for their loyalty and hard work. These shares usual...

What is Wage Elasticity?  The concept of elasticity applies to any market, not just markets for goods and services. In the labor market, for example, the wage elasticity of labor supply—that is, the percentage change in hours worked divided by the percentage change in wages—will reflect the shape of the labor supply curve. Specifically: Elasticity o...