Tag: customer

What are 'Back-To-Back Letters Of Credit' Back-to-back letters of credit consist of two letters of credit (LCs) used together to finance a...

DefinitionQuality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality...

DefinitionA value proposition is a promise of value to be delivered, communicated, and acknowledged. It is also a belief from the customer about how...

Definition Vendor finance is a form of lending in which a company lends money to be used by the borrower to buy the vendor's products...

DefinitionIn a supply chain, a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock...

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...

When determining how much goodwill a company possesses, there are several factors that must be considered. These factors include the measurement of goodwill, the...

DefinitionIn economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the...

What is a 'Day Order' A day order is an order to buy or sell a security that automatically expires if not...

What is 'Quality Control' Quality control is a process through which a business seeks to ensure that product quality is maintained or...