Implicit and explicit business transactions relate to a company's opportunity costs and cash expenditures. A business incurs explicit costs from a variety of sources, including hiring workers and ...

Implicit web is a new concept coined in 2007. Due to the first Defrag conference, discussion of this new term is timely. Generally this concept implicit web intends to alert us to the fact that ...

Explicit costs are direct, out-of-pocket expenses that a company incurs during its operations. These costs are easily identifiable and measurable, typically involving monetary transactions. Explicit ...