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Economics
basics of economics
Industry: Economy
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Economics
Base-Point Pricing
Economy; Economics
A pricing method in which customers are charged freight costs from a base point; the base-point may be chosen arbitrarily, but the location of one of the company's manufacturing plants is commonly ...
Bargaining Power
Economy; Economics
The strength or influence one party has in a business negotiation; the capacity of one party to dominate by virtue of its size or position or by a combination of personality and negotiating tactics.
Bayesian Decision Theory
Economy; Economics
A statistical approach to decision making characterised by assigning probabilities to any degree of belief about the state of the world.
Battle of the Brands
Economy; Economics
A term used in reference to the often intense competition between manufacturers' brands, wholesalers' brands and retailers' brands. See Distributor's Brand; Manufacturer's Brand.
Basic Stock
Economy; Economics
The level of inventory required to meet the desired service standard taking into account the expected rate of depletion and the order lead time.