Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?
Business Foundations Notes Week 1 Business Lingo -paradigm shift: a change from a conventional way of thinking. -buy in: agreement on a course of action. -think outside the box: to approach a business problem in an unconventional way. -leverage: a word used to describe how a situation or environment can be manipulated or controlled. -above the board: open and honest. -touch base: get in contact with or update. -circle back: to follow up with someone about a matter. -deep dive: to investigate an issue or matter in depth. -due diligence: the thoroughness required to ensure success in business marketing decisions. -synergy: two or more things together can produce a result not independently obtainable. -value proposition: the collection of tangible and intangible things that your product offers. -change agent: a person who can implement change within a business. -logistics: can refer to shipping, or the planning process.