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When the will of a majority population group exclusively prevails in a system of government, it results in the potential for tyranny over minority groups.

Oct 20, 2020


In the age of the Internet, consumers frequently turn to social media networks for information before making a purchase. Since buyers now make many purchasing decisions on socia...

Oct 20, 2020


The product development process begins with market research and idea generation, and ends with a successful product offered to the general public.

Oct 20, 2020


In the world of business, it can be easy to place a higher value on avoiding losses than on potential gains. This principle is known as loss aversion.

Oct 20, 2020


When two partners in a business transaction have access to the same relevant information, their business relationship is completely symmetrical. In many transactions, however, o...

Oct 16, 2020


Some business endeavors incur costs that cannot be recovered. In business decision-making, such expenses are called sunk costs.

Oct 16, 2020


Purchasing a home requires many different payments to different entities. While most homeowners make years of monthly payments to cover their mortgage, they must first cover a s...

Oct 16, 2020


When two small businesses compete to reach new customers and dominate a target market, one may succeed and the other may fail. For decades, analysts have studied such cases to u...

Oct 16, 2020


Critical thinking skills are a common requirement in job descriptions, but what exactly does that mean?

Sep 30, 2020