What are Search Terms? Oftentimes, web users launch queries on search engines, they seek relevant information, website contents, news articles, images, maps and other snippets relevant to their topic of search. A search query can only be initiated using a search term. A search term refers to a word or a strong of words that a web user types in a sea...

What is the Calvo Doctrine? In international law, the Calvo Doctrine is a policy that guides or regulates the jurisdiction of governments in international disputes and treaties. Notably, the Calvo Doctrine or Calvo Clause prohibits the use of force in collection of debts and directs that the country in which an investment is located holds the jurisd...

What is an Asset Acquisition Strategy? An asset acquisition strategy seeks to achieve growth or expansion through the purchase of other companies or their assets. This is an inorganic growth strategy.  Related Topics Organizational Strategies Growth-Based (Expansion) Strategies Inorganic Growth Organic Growth Diversification Concentration Integratio...

What is an Electronic Product Code? An Electronic Product Code (EPC) is a numerical code used to identify different commodities. An EPC is basically an identifier but it has many more functions. For instance, an electronic product code contains numbers that can be used to track different information about the products, such as manufacturing date, pr...

What is the Settlement of a legal dispute? A settlement means that the parties to a legal dispute work out their differences and enter into an agreement to resolve the situation.  How Does a Legal Settlement Work ? By voluntarily entering into an agreement to resolve the situation, the parties enjoy numerous advantages over litigation.  First, the p...

What is Organizational Commitment? Organizational Commitment (OC) is the psychological attachment and the resulting loyalty of employees to an organization, based on the pride of being part of the organization and the belief that their organization values them.  Organizational Commitment is part of the field of organizational behavior which defines,...

What is the Resources Processes Values Framework? The Resources Processes Values Framework is utilized to efficiently allocate employees to certain tasks or responsibilities. Three sets of factors have an effect on what an organization's capabilities, its processes, resources, and values.  What are Resources in the Organization? Resources include eq...

How do Monopolistic Competitors Affect Market Entry? If one monopolistic competitor earns positive economic profits, other firms will be tempted to enter the market.  The entry of other firms into the same general market  shifts the demand curve that a monopolistically competitive firm faces. As more firms enter the market, the quantity demanded at ...

What is the Break Even Point on the Cost Curve? Again, the perfectly competitive firm will choose the level of output where Price = MR = MC.  At this price and output level, where the marginal cost curve is crossing the average cost curve, the price the firm receives is exactly equal to its average cost of production. We call this the break even poi...

What is the D.I.C.E Framework? DICE framework is a formulation to assess the likely success of a project based on objective measures. It is a widely accepted tool for tracking projects, managing portfolios of projects, and initiating two-way conversation at multiple levels of an organization. How to Use the DICE Framework Partners (both present and ...