Knockdown cost refers to a reduced or lowered cost achieved through efficiencies, redesign, process improvement, negotiation, or cost-saving measures. It may be used informally in cost management discussions to describe a significantly improved cost structure. From a management perspective, the focus is on how the cost reduction was achieved and whether it is sustainable.
Known Liability
A known liability is an obligation that is certain in existence and can usually be measured with reasonable accuracy. Examples include unpaid salaries, supplier...
Knowledge Process Outsourcing (KPO)
Knowledge Process Outsourcing is the outsourcing of specialized, high-skill work that requires domain expertise and analytical ability. Examples include research, financial analysis, accounting support,...
Knowledge Capital
Knowledge capital refers to the value embedded in a company’s expertise, know-how, systems, intellectual ability, and organizational learning. It includes the experience of people,...
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