Phil SteventonMar 5, 20224 min readJARGON BUSTER - Sunk Cost FallacyA sunk cost (or "retrospective cost") refers to money that has already been spent and cannot be recovered. This could be money that...
Phil SteventonJul 5, 20213 min readJARGON BUSTER - Brand strategies (Branded House and House of Brands)When a company considers brand strategy, there are often two options - the Branded House approach, or the House of Brands approach. With...
Phil SteventonMar 15, 20215 min readJARGON BUSTER - Drag-along and Tag-along clausesA Shareholders' Agreement is an arrangement among a company's shareholders that describes how the company should be operated. It also...
Phil SteventonFeb 5, 20213 min readJARGON BUSTER - Loan NoteA Loan Note is a legally binding 'promissory' agreement made between parties that the borrower will repay money they have borrowed. It...
Phil SteventonJan 27, 20212 min readJARGON BUSTER - Horizontal IntegrationHorizontal integration is where one business merges with/acquires another business operating at the same level of value in the same...