Tag: units

What is 'Backorder Costs' A cost incurred by a business when it is unable to fill an order and must complete it...

What is the 'Variable Cost Ratio' The variable cost ratio is an expression of a company's variable production costs as a percentage...

What is Last In, First Out (LIFO)? LIFO is an inventory accounting method in which the most recently acquired items are the first ones to...

What is the law of diminishing marginal utility The law of diminishing marginal utility is the principle that as a person consumes more of a...

What is the 'Learning Curve' A learning curve is a concept that graphically depicts the relationship between cost and output over a...

What is 'Law Of 29' A belief held by some marketers that on average a prospective customer will not purchase a good...

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output...

What is the 'Vacancy Rate' The vacancy rate is the percentage of all available units in a rental property, such as a...

What is a naked option When most people think of options trading, they picture someone buying or selling a call or put option on an...

IPO or Initial Public Offering refers to the first stock sale made by a private organization to the public. This move is typically used...