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Glossary / Lexicon

What are General Terms and Conditions (GTC)?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
General terms and conditions (GTC) are contractual terms and conditions that a company provides to its customers when they purchase a product or service. They specify what the customer can expect from the company, how the company provides certain services, and what rights and obligations the customer has. They also protect the company by setting rules and guidelines that must be followed by both parties.
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What does a startup do?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A startup is a young, innovative company that seeks to use new technologies or business models to solve existing problems or create new opportunities. A startup usually has a small team, a limited budget, and an idea that can make it a successful business. A startup may develop a new product, offer a new service, or use a new business model.
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What is a target group?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A target group is a group of people who share a common goal based on their similar characteristics and preferences. A target group can be identified in terms of age, gender, occupation, income, place of residence, interests, attitudes, behavior and other criteria. Market researchers use target group analysis to determine the best strategies and campaigns for a company.
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What is a media distributor?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A media distribution list is a system for sending media such as news, images, videos, documents and audio to a group of people at the same time. It is an effective tool for reaching people who are interested in the same content. A media distribution list can be used to send information to customers, employees or other target groups.
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What is news?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
News is information that is published or transmitted to inform people about events or developments. News can be local, regional, national, or international, and can take a variety of forms, including television broadcast, radio broadcast, magazine, newspaper, online report, or social media.
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