The activity of setting an item’s selling price by adding either a set percentage or some additional amount to an item’s cost price.

Steels that contain very little nickel or other alloying metal, yet a high amount of chromium. Heat treatment of these steels hardens them and makes them stronger but also more brittle. they

Economic, social, and political philosophy as a organized method based on the view that social change is definable in terms of economic factors. The means of production is the economic base that

National press, radio, and television, utilized as mass media method of delivery of messages to general public.

Non-combustible materials for the roof and floor, and brick or concrete on the outside walls of a structure are the main ingredients in this type of construction.

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,

Goods that many people, even most people, consume each and every day. Candy, diapers, milk, snacks, soft drinks, and toilet paper are a very short list of examples of products mass merchandised,

Within a specified geographical area, a distributor with the right to appoint sub-distributors is authorized by a manufacturer in this specific type of arrangement.

The processes, people, strategies, and technologies used to build and manage a complete master data system that gives a business its process. MDM solutions give full views of customers, vendors, equipment, materials,

One legal document that consolidates separate but related agreements between the same signing parties. Also known as master contract.

Several related subplans incorporated together to make one master plan.

An identification consisting of letters, numbers, and/or symbols painted, printed, stamped, written, or otherwise affixed to cargo containers or packages. The shipper is responsible for marks. Any backfreight or overcarriage due to

A comprehensive product manufacturing schedule that covers what is to be assembled or made, when, with what materials acquired when, and the cash required translated into a business plan. Material requirements planning

1. In Equipment leasing, this is on ongoing type of lease arrangement. Additional equipment is leased by simply doing a new lease schedule for the new equipment rather than doing a new

Vicarious liability rule in agency law. A principal or employer is responsible and accountable for any negligent acts of the agent or employee. Even when the agent’s specific acts were unknown to

The contract issued to the employer under a group insurance policy issued for employees. An insured who is able to issue certificates of coverage to others can obtain this type of property

A commercial contract offered to an investor with periodic investment instruments.

A given event is dependent to some degree on recent previous events in this type of situation. Research may find that a bull week in the stock market is followed by another

Producer’s substitution rate of a small input variable’s amount for another small input variable’s amount. This rate indicates the opportunity cost of a unit of each commodity in terms of another.

more than one billion dollars in annual operating revenue earns an air carrier this US designation. American, Northwest, and United Airlines are so designated. Also known as major carrier.