MARGINAL BENEFIT
All other factors remaining constant, an activity’s overall benefit increase caused by a unit increase in the level of that activity. Also known as marginal utility.
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All other factors remaining constant, an activity’s overall benefit increase caused by a unit increase in the level of that activity. Also known as marginal utility.
With all other factors remaining constant, this is the resulting output from hiring one more worker. Output of a firm or economy as a measured physical increase.
Additional income unit’s paid tax rate. Marginal tax rates increment as income increases in a graduated or progressive tax regimen. The highest marginal tax rate applies to the highest income bracket or
Consumer demand driven action leading to a vendor’s decision to retain a cost level.
With little or no control exercised by individual suppliers or producers, tough competition determines prices between similar goods and services in this situation.
Demand and supply drive are this aggregate influence over self-interested buyers and sellers haggling on goods and services pricing and quantities available in the market. Simplistically, prices rise with excess demand, which
In the best interest of the client, the broker has the discretion to execute this type of market order.
A targeted group, population, or market segment uniquely identified by this specific set of characteristics. it includes demographics, income, life style, psychographic, and socioeconomic information to formulate marketing plans,
A market’s interconnected characteristics. Buyers and sellers population size and relative strength, how much collusion exists, competitive levels and forms, Amount of product differentiation, and simplicity of market entry and exit are
Superior products, lower prices, extensive distribution, and effective promotion are the competitive edge.
Having maximum appeal to a targeted market segment as leverage in a central marketing idea or message, or a product benefit or feature.
Purchaser owns the underlying stock in this type of put option. It protects against the decline in the stock’s price as the owner can sell the stock at a higher price prior
One legal document that consolidates separate but related agreements between the same signing parties. Also known as master contract.
A trust company manages several trust properties as a single trust property acting as a trustee for a group of associated trustors or firms under this type of custody arrangement.
If known to the other party, a contract, deal, or transaction could have been aborted, or significantly altered by this deliberate hiding or falsification of a material fact.
Forecasting future behavior method of simulated real-life situations with mathematical equations as this type of mathematical modeling. Decision-theory, queuing theory, and linear programming are typical tools. Large amounts of number crunching are
A contractual agreement, financial instrument, guaranty, insurance policy, loan, or offer is due for settlement on this specific date. Also known as redemption date for investments. Is also a synonym for settlement
Highest allowable chemical-concentration in a period-limited worker exposure. Some chemicals have short reference periods. MEL is usually expressed for an 8-hour reference period in parts-per-million (ppm).
Mean time between failures (MTBF) divided by the duration of a cycle is this value’s calculation.
Bending, brittleness, elongation, hardness, and tensile strength as these specific types of indicators and characteristics of a material’s elastic or inelastic behavior under pressure or force.
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