Tag: good

Abnormal Spoilage

What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...

Real Value

What is the 'Real Value' The real value is nominal value adjusted for inflation. The real value is obtained by removing the...

Ramani Ayer

DefinitionRamani Ayer is an Indian-American business executive, and the CEO and chairman of The Hartford from 1997 to 2009. Ramani Ayer What is...

Razor-Razorblade Model

What is the 'Razor-Razorblade Model' The razor-razorblade model is a business tactic involving the sale of dependent goods for different prices -...

Small Cap

What is Small Cap? Small cap refers to companies with small market capitalization. The definition tends to change a lot, but it generally refers...

Same-Day Substitution

What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change...

Bad Credit

DefinitionBad Credit was a comedy hip hop duo based out of San Diego, California which lasted from 2002 to 2008, fronted by musicians and...

Scarcity Principle

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

Bailor

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

Backorder

What is 'Backorder' An order for a good or service that cannot be filled at the current time due to a lack...

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