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Definitions
This page is dedicated to define terms that may be new for you, or that you may want to clarify.
Vision
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Networking
Networking is the exchange of information and ideas among people with a common profession or special interest, usually in an informal social setting
Opportunity Cost
Opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives.
Profit
Profit is the difference between revenue that an economic entity has received from its outputs and total costs of its inputs. It is equal to total revenue minus total cost, including both explicit and implicit costs
Revenue
Revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Mutually Exclusive
In logic and probability theory, two events are mutually exclusive or disjoint if they cannot both occur at the same time. A clear example is the set of outcomes of a single coin toss, which can result in either heads or tails, but not both.