Implicit costs can also be thought of as intangible costs that are not easily accounted for. For example, the time and effort that an owner puts into the maintenance of the company, rather than working on expansion, can be viewed as an implicit cost of running the business.
Android is a mobile operating system developed by Google, based on the Linux kernel and designed primarily for touchscreen mobile devices such as smartphones and tablets.
Today, an app headquartered in Israel called Waze was acquired by Google. The price: $1 billion, plus $100 million in employee retention and incentives. Waze is an interactive navigation app for iOS and Android with more than 40 million registered users. It was founded in 2007 by Ehud Shabtai, Amir Shinar and Uri Levine. Noam Bardin is the company's CEO. It previously raised $67 million from investors. Now you know what it is.