Tag: customers
Back Order
What is a 'Back Order' A back order is a customer order that has not been fulfilled. A back order generally indicates...
Bad Debt Reserve
What is 'Bad Debt Reserve' An account set aside by a company to account for and offset losses that arise as a...
Queuing Theory
DefinitionQueueing theory is the mathematical study of waiting lines, or. A queueing model is constructed so that queue lengths and waiting time can be...
Value Proposition
DefinitionA value proposition is a promise of value to be delivered, communicated, and acknowledged. It is also a belief from the customer about how...
Vendor Financing
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...
Value Network Analysis
What is 'Value Network Analysis' The analysis of the members and the interactions of these members within a value network. Value network...
Value Network
Three Ways to Define a Value Network
A value network is a graphical representation of social and technical resources. Each node represents people, roles, and...
Value-Based Pricing
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...
Federal Farm Credit System (FFCS)
What is 'Federal Farm Credit System - FFCS' In the United States, a network of federally chartered financial institutions designed to provide...
Geographical Pricing
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...