Captive Market – Explained

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

What is a Captive Market?A captive market is one in which there are suppliers who control the supply of specific goods. This scenario results in high demand for the little supply available. Consumers do not have a choice but to buy the presented supply. This leads to...

Current Account – Explained

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

What is a Current Account? Current account refers to the summary of all transactions (including imports and exports) involving goods and services which are related to income generation.The balance of trade or the current account balance which includes other...

CE Mark – Explained

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

What is a CE Mark?CE marking involves awarding a firm/organization a certification mark to indicate that it is conformity with environmental protection, health, and safety standards for traded products within the European Economic Area (EEA). CE marking is also...

Certified Business Analysis Professional (CBAP) – Explained

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

What is a Certified Business Analysis Professional?This is a professional certification and registered trademark from International Institute of Business Analysis (IIBA) that is granted to persons who have gained extensive business analysis experience. The...

Chaebol – Explained

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

What is Chaebol (Korea)?Chaebol is a business corporation structure that has its roots traced to South Korea during the 1960s. Chaebol is a worldwide multinational company with a large number of international operations. In Korea, the term Chaebol is used to refer to...

Chex System – Explained

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

Update Table of Contents What is the Chex System?What Does the Chex System Do? What is the Chex System?Chex system is a national customer reporting agency. During the screening of account applicants by banks, they request reports from Chex System to check whether...

Capability Index – Explained

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

What is a Capability index (Cp)?A process capability index (Cpk) is an arithmetic tool used for quantifying the proficiency of a process to produce products within the customer specification range. It values the producers ability to produce output within the...

Capability Maturity Model Integration – Explained

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

What is Capability Maturity Model Integration?Capability Maturity Model Integration (CMMI) refers to a process level improvement training as well as an appraisal program that is administered by the CMMI Institute, which is an affiliate of ISACA. The CMMI is a tool to...

Cartage – Explained

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

What is Cartage?Cartage refers to expenses related to freight, loading, and unloading. These expenses are related to purchase or sale of goods. In this case, goods refer to raw materials, semi-finished goods, consumable items, or already finished goods ready for...

Cash in Advance (Int’l Shipping) – Explained

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

Update Table of Contents What is Cash in Advance?How Does Cash in Advance Work?Cash In Advance: How It WorksTerms What is Cash in Advance?Cash in advance refers to a condition in the international trade providing that the importer must pay cash to the owner of the...