Imagine that you ordered a bouquet of flowers for a loved one through a flower shop aggregator app. But it turned out that such a bouquet is no longer available, although it is available for order in the service. As a result, you have to cancel the order and look for a bouquet from another supplier, but now the flowers will not have time to arrive by the desired date. You're unhappy with the...

What is a factor of production? DefinitionFactors of production are the limited resources needed to create goods and services, including land, labor, capital, and entrepreneurial skills.In business terminology, this phrase also describes a resource that is used to create a product or service.Factors of production are divided into:- labor resources, or labor;- investment resources, or capital;-...

A head hunter is a specialist in finding candidates for key, responsible and high positions for the company. The head hunter is looking for candidates among successful people, "one-off" professionals who are not going to change their place of work. This is the difference between a head hunter and a recruiter. Among the objects of attention of headhunters, IT specialists are currently in the...

Capital (from the Latin capitalis "main, basic", from the root caput - "head, unit, thing", in the meaning of counting cattle by heads is a broad term that includes physical capital (capital goods - buildings, equipment, software, stocks), financial capital (money), human capital (education, training, intelligence, skills, health).  In macroeconomics, physical capital (capital goods,...

Product Development: In-House vs. OutsourcingThere are two approaches to developing digital products: doing it in-house and outsourcing it to a contractor. Let's look at the pros and cons of both options and what to choose for a business. What is in-house development and when is it usedIn-house development (from the English inhouse - internal) is the process of creating a website, application...

Outsourcing is the transfer by an organization on the basis of a contract of certain types or functions of production business activities to another company operating in the desired field. Unlike services and support, which have a one-time, episodic or occasional nature and are limited to the beginning and end, the functions of professional support for the uninterrupted operation of individual...