Tag: costs

DefinitionRational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic...

DefinitionA saucer is a type of small dishware. While in the Middle Ages a saucer was used for serving condiments and sauces, currently the...

Stock prices and index levels are constantly graphed on charts to get a sense of the highs, and the lows, as well as the...

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

DefinitionIn finance, a short sale is the sale of an asset that the seller does not own. The seller effects such a sale by...

What is a 'Salvage Value' Salvage value is the estimated value that the owner is paid when the item is sold at the end of...

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

What is sales per square foot and why is it important for retailers Sales per square foot is a measure of how much revenue a...

The Scarcity Principle, like other principles of economics, comes from the principles of psychology and behavioral sciences. As per the simplest definition, it states...

What is a 'Back Order' A back order is a customer order that has not been fulfilled. A back order generally indicates...