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Term of the Day
BusinessDictionary.com
escalation of commitment
Definition
Tendency to invest additional
resources
in an apparently losing proposition, influenced by effort,
money
, and time already invested.
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Nearby Terms
errors and omissions clause
errors and omissions excepted (E&OE)
errors and omissions liability insurance
erudite
escalation
escalation clause
escalation of commitment
escalation procedures
escalation rate
escape clause
escheat
escrow
escrow account
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market orientation
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strategy
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