Tag: competition

What is 'Vendor Note' A type of debt instrument used in a particular type of short-term loan agreement in which the seller...

What is 'Wasting Asset' An item that irreversibly declines in value, as a function of time. Wasting assets include vehicles, machinery and...

What is 'Gazelle Company' A high-growth company that is increasing its revenues by at least 20% annually for four years or more,...

Definition Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended...

DefinitionA police raid is a visit by police or other law enforcement officers often in the early morning or late at night, with the...

DefinitionA demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the...

What is the 'Learning Curve' A learning curve is a concept that graphically depicts the relationship between cost and output over a...

What is 'Eat Your Own Dog Food' A colloquialism that describes a company using its own products or services for its internal...

DefinitionIn economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition. In theoretical models where conditions...

What is 'X-Efficiency' X-efficiency is the degree of efficiency maintained by individuals and firms under conditions of imperfect competition. According to the...