Business
In business the term "incumbent" is used for the largest company in a certain industry, for instance the traditional phone company in telecommunications, typically called the "incumbent operator". In a sales process, such as public tender, incumbent may also refer to the vendor that has the largest existing commercial relationship with the issuer of the tender.
In large corporations it is the incumbent who is the holder of an office, or one that occupies a particular position.
Read more about this topic: Incumbent
Famous quotes containing the word business:
“My business was great, and in such a case as mine a man may strain courtesy.”
—William Shakespeare (1564–1616)
“...we shall never be the people we should and might be until we have learned that it is the first and most important business of a nation to protect its women, not by any puling sentimentality of queenship, chivalry or angelhood, but by making it possible for them to earn an honest living.”
—Katharine Pearson Woods (1853–1923)
“A mere literary man is a dull man; a man who is solely a man of business is a selfish man; but when literature and commerce are united, they make a respectable man.”
—Samuel Johnson (1709–1784)