product

Tag: product

Product Life Cycle Stages

See also: Product Life Cycle Company Life Cycle Why You Need a New Pricing Strategy Increasing Pricing on Products What is the Product Life Cycle? A product life cycle includes stages the product experiences throughout its lifetime – from conception of the idea to the decline and abandonment of the product. Some products experience longer

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Marketing Fraud

See also: Intangible Assets: Protecting Your Brand and Reputation The Red Flags of Fraud Dealing with Employee Fraud Marketing Plan 7 Warning Signs of Fraud Marketing Mix Protect Yourself: A Guide to Non-Compete Agreements Does Your Business Need A Financial Audit? Becoming a Smart CEO Marketing Fraud Definition The marketing fraud definition is the false

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Increasing Pricing on Products

Recently, Netflix – streaming service giant – increased their pricing on two of their products by more than 10%. At first, media and customers displayed anger and backlash. But after the pricing increase, many customers remained at the increase was approximately a $1 difference. Plus, you have to factor in that many people are “cutting

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Vertical Integration

See Also: Horizontal Integration Business Cycle Business Segment Reporting Mergers and Acquisitions (M&A) Business Intelligence and Finance Vertical Integration What does vertical integration mean? Vertical integration is the process or a company’s domination of every aspect of the production line or process for a particular product. This includes the extraction of raw materials to manufacturing,

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Threat of Substitutes (one of Porter’s Five Forces)

See also: Porter’s Five Forces of Competition Threat of New Entrants Supplier Power Buyer Bargaining Power Intensity of Rivalry Complementors (Sixth Force) Porter’s threat of substitutes definition is the availability of a product that the consumer can purchase instead of the industry’s product. A substitute product is a product from another industry that offers similar

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Factoring: What, When, and Where

See Also: Another Way To Look At Factoring Accounting for Factored Receivables Journal Entries for Factored Receivables Can Factoring Be Better Than a Bank Loan? Factoring is Not for My Company History of Factoring How Factoring Can Make or Save Money What is Factoring Receivables What, Where, and When To Use Factoring In order to

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SKU Definition

See Also: Vendor Finance Inventory Cost Perpetual Inventory System Just in Time Inventory System Open Account SKU Definition A SKU, defined as a stock-keeping unit, is a unique number which distinguishes one product from another. It is used, most often, for the purpose of accounting for inventory. Each product has a unique number, allowing smooth

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Supply and Demand Elasticity

See Also: Economic Indicators Balance of Payments Stagflation The Feds Beige Book What are the Twin Deficits? Supply and Demand Elasticity Supply and demand elasticity is a concept in economics that describes the relationship between increases and decreases in price and increases and decreases in supply and/or demand. We have described it in greater detail

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Proforma Invoice Example

See Also: Proforma Invoice Proforma Invoice Example For example, Juan distributes products to and from Mexico. Juan’s business meets all legal specifications that would allow him to import his products into the United States. His company, a fleet of 18 wheel trucks, crosses the border several times each day. In an effort to make the

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Proforma Invoice

See Also: Proforma Earnings Proforma Financial Statements Credit Letter Balance of Payments Proforma Invoice Example Product Cost Proforma Invoice Definition Proforma invoice, defined as an invoice which is sent to a customer before they receive product, has more than one use. For customers it serves two main purposes. First, a proforma invoice allows customers to

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Research and Development

Research and Development Definition Research and development (R&D) in business refers to activities geared towards new product development or current product improvement. It typically involves conceptualizing and designing new products and then tailoring them to meet the needs of the target market. R&D is often a line item on a company’s income statement. Technology and

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Product Pricing Strategies

How you price your products and services can have an impact on your profits. Check out the following video for our product pricing strategies: Product Pricing Strategies The following are descriptions of standard pricing strategies. Cost-Plus Pricing Pricing products and services by applying a certain standard markup percentage on top of the total cost of

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