Tag: approach

What is 'Backflush Costing' Backflush costing is a product costing system generally used in a just-in-time inventory environment. Backflush costing delays the...

What is 'Bailment' The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the...

DefinitionIn monetary economics, the quantity theory of money states that the general price level of goods and services is directly proportional to the amount...

What is a 'Value Chain' A value chain is a high-level model developed by Michael Porter used to describe the process by...

What is 'Variable Cost-Plus Pricing' Variable cost-plus pricing is a pricing method in which the selling price is established by adding a...

What is 'Value Network Analysis' The analysis of the members and the interactions of these members within a value network. Value network...

What is 'Value At Risk - VaR' Value at risk (VaR) is a statistical technique used to measure and quantify the level...

DefinitionValue-based price is a pricing strategy which sets prices primarily, but not exclusively, according to the perceived or estimated value of a product or...

What is 'Wage-Price Spiral' The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising...

DefinitionWorking capital is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entities. Along with working...