London Financial Futures and Options Exchange – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the London International Financial Futures and Options Exchange?London International Financial Futures and Options Exchange, LIFFE, is a leading market for interchange options and characteristics on Euro money market derivatives. It is a platform through which...

London Interbank Mean Rate – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is the London Interbank Mean Rate?How Does London Interbank Mean Rate Work? What is the London Interbank Mean Rate?The London interbank mean rate refers to an interest rate used in the mid-market especially in the interbank markets of...

Laissez-Faire (Economics) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Laissez-Faire Economics?Laissez-faire is a philosophy that says the government should not be involved in business and a country’s economy; rather, it should instead focus on protecting the rights of the citizens. The objective is a stronger economy. What...

Long Tail (Strategy) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is Long Tail?Long tail refers to the outer edges of a statistical distribution. In strategy, it means focusing on a small number of specialized or niche goods – rather than focusing on mainstream or commoditized products that have a lower profit...

Business Cycle – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Business Cycle?From a conceptual observation, the business cycle is defined as the economy-wide fluctuations in trade and the general economic activity. The cycle is upward as well as the downward movement of various levels from gross domestic...

Open Financial Exchange – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is an Open Financial Exchange?OFX (Open Financial Exchange) is an electronic process that is known as online data streaming format that helps to exchange any financial data. This type of data emerges or gathered from Microsofts OFC known as (Open Financial...

Office of Export Licensing – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is the Office Of Export Licensing (OEL)?OEL (Office of Export Licensing) is responsible for issuing licenses to any organization that is exporting certain goods that require permission to be exported. International standards concerning importing and exporting...

Offshoring – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is Offshoring?Offshoring is when a business process carried out in a country is relocated outside of that country. The process may be outsourced to a third party or handled by a foreign controlled business. An offshored business process might include...

International Accounting Standards Committee – Explained

by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting

What is the International Accounting Standards Committee (IASC)?The International Accounting Standards Committee or IASC was an independent private-sector organization. The IASC aimed to achieve uniform accounting principles which businesses and organizations make use...

Open Platforms vs Closed Platforms (Technology) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is an Open Platform and Closed Platform?In the world of software computing, an Open Platform is a software program that has provision for:  open application programming interfaces (API),  flexible scope to use the software for purposes other than as it was...