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  2. Managed services - Wikipedia

    en.wikipedia.org/wiki/Managed_services

    Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and reduced budgetary expenditures through the reduction of directly-employed staff.

  3. Hospitality industry - Wikipedia

    en.wikipedia.org/wiki/Hospitality_industry

    In 2020, the United States Department of Labor Standard Industrial Classification (SIC) defines the hospitality industry more broadly, including: [2]. 701 Hotels and Motels, including auto courts, bed and breakfast inns, cabins and cottages, casino hotels, hostels, hotels (except residential ones), inns furnishing food and lodging, motels, recreational hotels, resort hotels, seasonal hotels ...

  4. First Call Resolution - Wikipedia

    en.wikipedia.org/wiki/First_Call_Resolution

    Ideally, the FCR definition means no repeat calls or contacts are required from the initial call or contact reason from a customer perspective. The difference between First Call Resolution and First Contact Resolution is the contact channels measured for FCR (e.g., interactive voice response, chat, email, website, call center).

  5. Social media - Wikipedia

    en.wikipedia.org/wiki/Social_media

    The PLATO system was launched in 1960 at the University of Illinois and subsequently commercially marketed by Control Data Corporation.It offered early forms of social media features with innovations such as Notes, PLATO's message-forum application; TERM-talk, its instant-messaging feature; Talkomatic, perhaps the first online chat room; News Report, a crowdsourced online newspaper, and blog ...

  6. Quality (business) - Wikipedia

    en.wikipedia.org/wiki/Quality_(business)

    Traditionally, quality acts as one of five operations/project performance objectives dictated by operations management policy. Operations management, by definition, focuses on the most effective and efficient ways for creating and delivering a good or service that satisfies customer needs and expectations. [23]

  7. Service climate - Wikipedia

    en.wikipedia.org/wiki/Service_climate

    Research has shown that service quality is ultimately related to customer loyalty and retention and, eventually, to higher profits for the organization. "This skepticism about the value of service quality makes it imperative that research be undertaken to address the quantification of the impact of customer satisfaction on observable financial measures, to place programs to improve customer ...

  8. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application).

  9. Remittance - Wikipedia

    en.wikipedia.org/wiki/Remittance

    "Work in Poland legally" street advertisement in Transnistria. A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland.