Cost-plus pricing is a pricing strategy in which a company sets the price of a product or service at the sum of the cost of the good or service plus a percentage markup. The percentage markup is usually calculated as a percentage of the company’s total cost. The main advantage of cost-plus pricing is that … Read more
Barter economy is an economic system in which goods or services are exchanged for other goods or services without the use of money. In a barter economy, people engage in economic transactions by exchanging one good or service for another. For example, a farmer may trade a bushel of wheat for a pair of shoes. … Read more
A business case is a document that describes the justification for a proposed business initiative. It is typically used to secure funding from senior executives or from external investors. The business case should include a clear description of the proposed initiative, its objectives, the expected benefits, the costs, the risks, and the proposed implementation plan. … Read more
The conversion rate is the number of conversions divided by the number of visitors. The conversion rate is a key metric because it measures how well your website is performing in terms of converting visitors into customers or leads. A high conversion rate means that your website is doing a good job of converting visitors … Read more
Corporate division is a term used to describe the process of dividing a company up into smaller, more manageable divisions. This can be done for a variety of reasons, such as increasing efficiency or improving communication. It can also be used as a way to downsize a company without having to go through the process … Read more
The Respect for People principle is one of the guiding principles of the Toyota Production System. It is based on the idea that all people are creative and have the potential to improve the quality of their work. The principle is also based on the idea that all people should be treated with respect. What … Read more
Demutualization is the process of converting a mutual organization, such as a mutual insurance company or a mutual savings bank, into a stock company. A mutual organization is owned by its policyholders or depositors, while a stock company is owned by its shareholders. The primary reason for demutualization is to make the organization more attractive … Read more
The 5 Whys is a simple but effective tool for root cause analysis. The technique was developed by Sakichi Toyoda, the founder of the Toyota Motor Corporation. The 5 Whys is based on the principle that the root cause of a problem can be discovered by asking “why” five times. The 5 Whys is a … Read more
A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. The role of the broker is to provide the investor with access to the market, either through a trading platform or through a direct connection with market participants. In most cases, the … Read more
The term “golden handcuffs” is often used to describe the situation in which an employee is given a large amount of stock options as part of their compensation package. While the options may vest over time, they typically cannot be exercised until the employee leaves the company. This can effectively lock the employee into their … Read more
