- To Be Determined (TBD)
Definition of To Be Determined (TBD) To Be Determined (TBD) refers to a matter that is yet unknown or something that has not been decided yet, but will be known in the future.
- Original Equipment Manufacturer (OEM)
Definition of Original Equipment Manufacturer (OEM) An original equipment manufacturer (OEM) is a company that produces and sells products or parts of a product that another company used as a component of their own products and ultimately sells the items to the customers.
- Ethical behavior
Ethical behavior is behaving well under the values and moral principles set by a society.
As the name suggests, an estimate is a rough calculation or judgment of an idea for which there exists no exact approximation.
- Economic Interdependence
Economic interdependence is the state that exists when two or more individuals, people, groups, businesses, or countries transact with each other (exchanging goods and services) to satisfy their needs.
- Due Diligence
Due diligence entails the process of a detailed and sufficient research before taking any decision or action to make sure the risks are minimal.
Definition of Diversification Diversification is defined as a technique of allocating portfolio resources or capital to a mix of a wide variety of investments.
- Ad Hoc
Definition of Ad Hoc Ad Hoc is a word that originally comes from Latin and means “for this” or “for this situation”.
- Customer Satisfaction
In comparison to any marketing technique, “word-of-mouth” is still the cost efficient and effective marketing technique.
- Contract for Difference (CFD)
A contract for difference, often abbreviated to CFD, is an alternative means by which an individual can invest in a company or asset.
- What is Perpetuity?
Perpetuity is conventionally referred to in the business world as a security or bond that pays for an infinite amount of time in the future.
- What is Revenue?
Revenue, also known as sales or turnover, is an increase in the company’s equity due to the sale of a product or service.
- What is Retail Price?
The retail price of a product is the price that a customer will pay when purchasing a product at a retail store.
- What is Capital?
Capital is the financial resource that a company utilizes to fund their operations.
- What is a Management Company?
A management company is a business that was created to handle specific resources owned by a fund, it is usually managed by a team of experts.
- What is Interdependence?
Interdependence can be defined as the relationship between two or more parties that depend on each other for survival.
- What is Incurred Cost?
Incurred cost is an expense which a company becomes liable for in exchange for consuming or otherwise profiting from the usage of an asset.
- What is Profitability?
Profitability is the ability of the company to utilise their resources in such a way that they can generate more revenue than what they must pay in expenses.
- What is Market Economy?
Market economy is the free flow of products and services based on the supply and demand in the market.
- What is Liquidity?
Liquidity is the availability of cash or cash equivalents to meet short-term operational requirements.
- What is a Traditional Economy?
In a traditional economy, customs and traditions determine how trade will happen.
- What is Petty Cash?
Petty cash is cash that is kept on the company premises by a company, it is normally a small amount kept for covering minor purchases.
- What is Expenditure?
Expenditure refers to payments made or liabilities incurred in exchange for goods or services.
Reimbursement is money that is paid by an organization to cover a transaction that has already been made.