Tag: product

What is an oligopsony and what are the effects on sellers An oligopsony is a market structure in which there are only a few buyers....

What is an 'On-Us Item' An on-us item is a check or draft that is presented to the bank where the check...

What does 'Make To Order - MTO' mean Make to order (MTO) is a business production strategy that typically allows consumers to...

What is 'Make A Market' An action whereby a dealer stands by ready, willing and able to buy or sell a particular...

What is a 'Make-Or-Buy Decision' A make-or-buy decision is the act of choosing between manufacturing a product in-house or purchasing it from...

DefinitionTotal absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service. TAC includes not just...

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...

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

What is 'Absolute Rate' The fixed portion of an interest-rate swap, expressed as a percentage rather than as a premium or a...

What is the 'Real Economic Growth Rate' The real economic growth rate measures economic growth, in relation to gross domestic product (GDP),...