An interest rate that states the true cost of obtaining credit for the durations of the loan.
Average Selling Price (ASP)
The average price for all items sold during a particular time frame, usually calculated for a specific category for a single seller's sales.
Chief Executive Officer (CEO)
Highest-ranking corporate officer who provides leadershipi for enter prise
Chief financial officer
The corporate executive responsible for the financial planning trackig of a company.
Doing Business AS
A situation in which a business owner operates a company under a different name than the one under which it is incorporated.
Enterprise Resource Planning
A system that consolidates and enterprise's planning, manufacturing, sales, and marketing efforts into one management system.
Generally accepted Accounting Principles
The standards used by firms and their audit partners for keeping and reporting accounting data in the United States.
Last in Fist out
An inventory namagement method in which the last goods purchased are assumed to be the fist goods sold, so that the ending inventory consists of the first goods purchased.
Mergers and Acquisitons
A term used by business and investment bankers to describe the straegy and management process dealing with the merging and acquiring of different businesses as well as other assests.
A contract that binds a person or business to maintaining nthe confidentaility of proprietary information.
profit and Loss Statement
A report on the performance of an enterprise ina specific time period.
Advertising and promotion at the location where the consumer actually purchases the products. May include displays strategically. Placed to stimulate impulse buying, usually neat a check-out counter.
Return on Equity
Measures the return on the owner’s (shareholders’) investment in the company; perhaps the most important measure of business’s financial viability.
Strategic Business Unit
A unit of the company that has a separate mission and objectives and that can be planned independently from the other businesses. An SBU can be a company division, a product line, or even individual brand-it all depends on how the company is organized.
statement of work
A description of the key elements of a project or program; a brief summary of financial aspects of a contract; technical details such as the scope, location, period of performance, deliverables, and applicable standards.