Text 1 Flashcards
Commercial suppliers
Person, firm, or entity that regularly furnishes goods and supplies to the public or to a particular sector or industry.
Cost overruns
An unexpected change in the project budget that ends up increasing the total project cost.
Fixed price
A non-negotiable sum charged for a product service or piece of work.
Contractors
A person or firm that undertakes a contract to provide materials or labor to perform a service or do a job.
Approach
To come near or nearer to something or someone in space, time, quality, or amount / a way of dealing with a situation or problem.
Vying
Compete eagerly with someone in order to do or achieve something.
Exclusive domain
Something that is exclusive is used or owned by only one person or group, and not shared with anyone else.
Extant
Still in existence; surviving / currently or actually existing.
Purveyor
A person/group who sells or deals in particular goods or spreads.
Promotes an idea.
Bankruptcy
When a organization is unable to honor its financial obligations or make payments to its creditors / state of being bankruptcy
Flips
Move, push or throw (something) with a sudden quick movement.
Risk posture
An organization’s overall defense against cyber-attacks, including the overall management and strategy of protecting software, hardware, networks, services and information
Mature markets
When it has reached a state of equilibrium. A market is considered to be in a state of equilibrium when there’s an absence of significant growth or a lack of innovation.
(Oil industry)
Mitigated
To make (something) less severe, harmful or painful
Cutting-edge
To be at the forefront, where new developments are taking place
