6 Terms
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Sales
Sales is the process of selling goods or services. The process begins with the request to buy by a customer or a offer to sell by a seller. Then follows the payment and change of title.
Industry: Professional careers
Add a new termContributors in Sales
Sales
Financial leverage
Professional careers; Sales
A measure of the extent to which a firm uses debt in its total capital structure; the higher the component of debt the more leveraged is the firm, leverage is calculated by dividing total assets by ...
Response elasticity
Professional careers; Sales
A measure of the degree to which individuals or groups respond to a marketing program.
Elasticity of demand
Professional careers; Sales
A measure of the degree to which any change in the price of a product will affect the demand for it.
Cross elasticity of demand
Professional careers; Sales
A measure of the affect a change in the price of one product will have on the demand for a substitute or complementary product.
Average variable cost
Professional careers; Sales
A measure of cost control, calculated by dividing the total variable cost of the goods produced by the number of units sold.
Average fixed cost
Professional careers; Sales
A measure of cost control, calculated by dividing the total fixed cost of the goods produced by the number of units sold.
Return on equity
Professional careers; Sales
A measure of a firm's profitability, profit achieved in a given period is expressed as a percentage of the total amount invested in the firm by its owners.
