Tag: product
Sales Mix Variance
What is the 'Sales Mix Variance' Sales mix variance is the difference between a company’s budgeted sales mix and the actual sales...
Sacred Cow
What is 'Sacred Cow' A firmly held mainstream belief that is considered to be true without independent verification. In finance, and in...
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...
Sales Price Variance
What is 'Sales Price Variance' The difference between the amount of money a business expects to sell its products or services for...
Bait And Switch
DefinitionBait-and-switch is a form of fraud used in retail sales, but also employed in other contexts. Bait And Switch What is 'Bait And...
Backlog
What is a 'Backlog' A backlog is a buildup of work that needs to be completed. The term "backlog" has a number...
Sales Meeting
What is 'Sales Meeting' A gathering in which a product or service is being discussed, and the benefits are outlined to the...
Backward Integration
What is 'Backward Integration'
Backward integration is a form of vertical integration that involves the purchase of, or merger with, suppliers up the supply chain....
Bait Record
What is 'Bait Record' An internal control used in accounting to detect fraud and improper usage. Bait records are planted in computerized...
Backflush Costing
What is 'Backflush Costing' Backflush costing is a product costing system generally used in a just-in-time inventory environment. Backflush costing delays the...