It is called a Unique Selling Proposition. This refers to the distinctive aspect of a business that sets it apart from competitors and makes it stand out in the market.
This stands for Maximum Retail Price. It signifies the highest price at which a product can legally be sold, beyond which it is prohibited to sell.
A pink slip is a formal notification indicating to an employee that they have either been laid off or terminated from their job.
Employees receive company shares as part of their compensation package through the Employee Stock Option Plan, which contributes to their overall earnings.
With sweat equity, like ESOP, you get company ownership after the company's first year, but you can't sell or access it for three years.
With a convertible note, a startup borrows money from an investor and commits to repaying it not with interest, but by offering equity in the company at a later date.
With Software as a Service (SaaS), customers can use software by paying a subscription fee instead of buying it outright.
PaaS is known as Platform as a Service. SaaS companies rely on platforms to operate their software. Instead of building their own, they can utilize services provided by Platform as a Service (PaaS) companies.
When a product is in its initial stages of development, the internal testing conducted by the company is referred to as an Alpha release.
Once a product has been tested internally and is then made available to the public for testing and feedback, it enters the beta release phase.
IMAGE: PEXELS