Tag: production
Absolute Physical Life
What is 'Absolute Physical Life' The length of time that it takes for an asset takes to become fully depreciated, at which...
Absolute Advantage
DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...
Make To Stock (MTS)
What does 'Make To Stock - MTS' mean Make to stock (MTS) is a traditional production strategy that is used by businesses...
Absorbed Account
What is 'Absorbed Account' An account that has been combined or that has merged with another related account. Accounts are often absorbed...
Abnormal Spoilage
What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...
Above Water
What is 'Above Water' 1. Refers to the condition of a company's asset when its actual value is higher than the book...
Real Bills Doctrine
DefinitionThe real bills doctrine asserts that money should be issued in exchange for short-term real bills of adequate value. The doctrine was developed by...
Ramp Up
DefinitionRamp up is a term used in economics and business to describe an increase in a firm's production ahead of anticipated increases in product...
Saucer
DefinitionA saucer is a type of small dishware. While in the Middle Ages a saucer was used for serving condiments and sauces, currently the...
Sacrifice Ratio
What is the 'Sacrifice Ratio' The sacrifice ratio is an economic ratio that measures the costs associated with slowing down economic output...