Economics

Economics

basics of economics

Industry: Economy

Add a new term

Contributors in Economics

Become a Contributors

Economics

Abnormal Demand

Economy; Economics

Demand in any period that is outside the limits established by management policy. This demand may come from a new customer or from existing customers whose own demand is increasing or decreasing. ...

Classification of a group of items in decreasing order of annual dollar volume or other criteria. This array is then split into three classes called A, B, and C. The A group represents 10 to 20% by ...

ABC Model

Economy; Economics

In cost management, a representation of resource costs during a time period that are consumed through activities and traced to products, services, and customers, or to any other object that creates a ...

ABC Inventory Control:

Economy; Economics

An inventory control approach based on the ABC volume or sales revenue classification of products (A items are highest volume or revenue, C - or perhaps D - are lowest volume SKUs.)

ABC System

Economy; Economics

In cost management, a system that maintains financial and operating data on an organization's resources, activities, drivers, objects and measures. ABC Models are created and maintained within this ...

ABC Analysis

Economy; Economics

A classification of items in an inventory according to importance defined in terms of criteria such as sales volume and purchase volume.

Unit volume quota

Economy; Economics

A common form of sales assignment, goal or target used to measure a salesperson's performance; the salesperson is expected to sell a certain number of units of the product or product range in each ...