20140619

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Term of the Day

leader

person or thing that holds a dominant or superior position within its field, and is able to exercise a high degree of control or influence over others. See alsoleadership.
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Usage Example
Often times it is more important to be a leader rather than a manager when trying to inspire and develop a team.
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How to Finance a Short Sale

A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home...
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Term of the Day

outsourcing

The contracting or subcontracting of noncore activities to free up cash,personnel, time, and facilities for activities in which a company holdscompetitive advantageCompanies having strengths in other areas maycontract out data processinglegal, manufacturing, marketing, payrollaccounting, or other aspects of their businesses to concentrate on what they do best and thus reduce average unit cost. Outsourcing is often an integral part ofdownsizing or reengineering. Also called contracting out.
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Usage Example
Due to rising labor costs in the United States, many companies areoutsourcing factory work to less developed companies in hopes of saving money.
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Featured Article

5 Tips for Smart Franchise Investment

Investing in a franchise can be a smart way to start a business. Starting a company on your own without any assistance is extremely difficult. Not only do you...
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