Tag: quantity

What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing process, based...

DefinitionA natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of...

What is 'Off-Floor Order' An investor's directive to buy or sell securities when that directive is given to a broker, not to...

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...

What is 'Above The Market' An order to buy or sell at a price set higher than the current market price of...

DefinitionThe real bills doctrine asserts that money should be issued in exchange for short-term real bills of adequate value. The doctrine was developed by...

What is rationing and why was it used during World War II Rationing is a system of limiting the availability of goods or services to...

What is a 'Sales Mix' Sales mix is a calculation that determines the proportion of each product a business sells, relative to...

What is the 'Sales Mix Variance' Sales mix variance is the difference between a company’s budgeted sales mix and the actual sales...

What is 'Sales Price Variance' The difference between the amount of money a business expects to sell its products or services for...