A mindset that prevails in most businesses is that the customer is king. “Customer is always right” is another phrase that emphasizes the customers’ role in the business. The customer has become the center of every business stemming from when customers run after the business; the reverse is now the case. Customers today have many …
Definition: Encroachment occurs when a property owner violates a neighbor’s property rights by occupying their property. Encroachment is also known as intrusion or sometimes invasion in violent terms. It can be a legal term regarding boundaries between two or more properties. The encroachment is not only confined to the legal framework; it is a common …
Visiting a physical store and paying cash for goods is no longer the only way to engage in business in today’s modern world. Customers may now shop the market online from the comfort of their own homes, examine a variety of offers, read customer reviews, buy products, and make payments online. On the internet, buyers …
Definition: A vendor is an individual or an entity that sells products and/or services to businesses or consumers in exchange for payments. The vendor is a strategic business partner in the supply chain that provides goods and services to the business. A bidder moves from a selected source to a supplier or vendor in a …