Category: Finance Dictionary

various market conditions plotted on a map as this type of study of consumers and products to identify trends and corresponding variables. By examining these related variables, this tool is helping companies

A return rate carries a high risk being involved with this set of investments.

A brand, product, or company in a market it dominates, shown by total sales volume as a percentage of overall sales.

In a competitive market, many buyer and many sellers use a bargaining process to arrive at this type of price.

Commonly termed as 4Ps: product, price, place, and promotion as the controllable elements of a product’s marketing plan for this type of planned mix.

1. In Budgeting, this is a line-by-line budget review by a committee formed for the purpose of approval, disapproval, or modification. 2. In Distribution, this is the price increases at different stages,

Principally using the national newspapers, radio, and television for impersonal broadcasting a message through these various channels to the general public, .

Several related subplans incorporated together to make one master plan.

Product production’s monetary investment. Things that incur material costs, for example, are the ingredients of a meal or the parts of a machine. The cost of labor to produce the product is

In a manufacturing operation this is material’s standard cost minus material used actual cost. A company calculates that the materials needed to manufacture one of its products costs $5, as an example.

One that is functioning without change or innovation or has no growth.

With no regard to cost or expense this is choosing the path with the best or highest expected outcome. By contrast, optimization is selecting the most cost-effective alternative. Also refer to satisficing.

Board feet of lumber symbol for one thousand, not 1 million. One MBF equals 2.36 cubic meters or 83.33 cubic feet. Also refer to MCF.

slight price or volume upticks or downticks causing errors in determining the asset’s value. This type of noise is a short-term phenomenon. Also known as observational noise.

Newspapers, radio stations, television stations, and the like used in reaching intended audience as this type of specific medium.

Conducted by a doctor acting as the insured’s agent, a prospective insured receives this type of physical evaluation.

Medicare supplemental insurance coverage cannot duplicate the benefits provided to the insured by Medicare, but often times the insured’s deductibles or copayments will be paid.

No total increase or decrease occurs from this specific type of balance sheet transaction. Stock splits are a typical use.

Agent who a principal authorizes to purchase and liquidate assets, and to raise funds by using the principal’s assets as loan collateral. Also refer to commercial agent.

Electronic commerce through services associated with this specifically configured type of dedicated computer.