What are Diminishing Returns? Diminishing returns are the idea that the more you utilize something, the less value you get from it. Diminishing returns are…
Differential Cost – Definition, Examples and Applications
What is Differential Cost? Differential cost is the difference in total cost between two alternatives. Differential costs can be used to make decisions about which…
Distribution Network – Definition, Examples and Benefits
What is a Distribution Network? A distribution network is a group of interconnected storage facilities and distribution methods that are used to send goods from…
Distribution Management – Definition, Importance, Types and Factors
What Is Distribution Management? Distribution management is a strategic business process that plans, implements, and controls the efficient movement of goods from point of origin…
What are Developing Countries?
What are Developing Countries? Development countries are those that have not yet reached “developed” status. The United Nations Department of Economic and Social Affairs defines…
Inelastic Demand – Definition, Types and Examples
What is Inelastic Demand? Inelastic demand is a situation in which demand for a good or service does not change very much in response to…
Demand Forecasting – Definition, Types and Examples
What is Demand Forecasting? Demand forecasting is the technique of estimating future consumer demand over a specified period based on past data and other information….
Haggle – Definition and 10 Ways of Haggling
What is Haggle? The term haggle is the art of bargaining or negotiating prices. Haggling can also be seen as a way to gain power…
Development Economics – Definition, Types, Theories
What Is Development Economics? Development economics is a branch of economics that focuses on the economic aspects of the development process of developing countries. The…
Demand Function – Definition, Types, Formula, Examples
What is Demand Function? The demand function is an equation that showcases the demand for a product or service as a function of its price,…
Destination Store – Definition, Overview, Types and Examples
What is Destination Store? A destination store is a type of retail store that is designed to be a destination in and of itself. Destination…
Blind Testing: Definition, Types and Examples
What is Blind Testing? Blind testing is a type of experimentation in market research in which participants do not know that they are part of…
Departmental Accounting – Definition, Types and Advantages
Departmental accounting is the process of allocating financial resources and performance measurements to specific departments within an organization. This type of accounting can help businesses…
Depth of Market (DOM) – Overview, Examples and Factors
What Is Depth of Market? Depth of market (DOM) is a measure of the number of buy and sell orders for a security or asset…
Capital Asset – Definition, Importance and Example
What is Capital Asset? A capital asset is a type of asset that is used in business operations to generate value or revenue over a…
Discontinuous Innovation – Definition, Pros and Cons
What is Discontinuous Innovation? Discontinuous innovation is a major innovation that creates a new market or significantly transforms an existing one. It is a type…
Disinflation – Definition, Causes, Examples and Benefits
What is Disinflation? Disinflation is a reduction in the rate of inflation – or the pace at which prices are rising. It’s the opposite of…
Capitalism vs. Socialism – The differences between them
Understanding Capitalism vs. Socialism Capitalism vs socialism is an analysis of two opposing economic and political systems whose primary concerns revolve around economic equality and…
Difference Between Face Value and Market Value
What Is Face Value? Face value is the value of a financial instrument, typically a bond or stock, that is stated on the instrument itself….
Disguised Unemployment – Definition, Overview and Types
What is Disguised Unemployment? Disguised unemployment is the underutilization of employees or workers based on their talents and skills. When there are a lot of…
Coercive Power – Definition, Characteristics and Types
What is Coercive Power? Coercive power is the use of force or threat by a manager or leader to get an employee, subordinate, or team…
Distributable Net Income (DNI) – Definition, Calculation and Importance
What is Distributable Net Income (DNI)? Distributable Net Income (DNI) is the net income of a company that is available for distribution to its shareholders….
Distributed Leadership – Definition, Principles and Benefits
What is Distributed Leadership? Distributed leadership is a pattern of shared leadership among individuals in an organization, typically characterized by collaborative decision-making and collective action….
Buyout – Definition, Types, Advantages and Disadvantages
What is Buyout? A buyout is a process of acquisition and an investment transaction of buying all or a controlling percentage of the shares of…
Database Management System – Definition, Examples and Functions
What is a Database management system? A database management system (DBMS) is a software package designed to define, manipulate, retrieve and manage data in a…
Business Tax – Definition, Meaning, Types and Calculation
What is the Business Tax? Business tax is a tax on the business income. It is a tax on the profits or capital of companies…
Buy In Management Buyout (BIMBO)
What is A Buy-In Management Buyout bimbo? A buy-in management buyout (BIMBO) is a corporate takeover in which an outside management team joins a company,…
Heavy Industry – Definition, Examples and Benefits
What is a Heavy Industry? Heavy industry is an industrial sector characterized by one or more features such as big and heavy products, large and…
Bridge Loan – Definition, Types, Pros and Cons
What is Bridge Loan? A bridge loan is a short-term loan used for funding an enterprise or business until the company finally gets its long-term…
Face to Face Interviews – Process and Tips
What is Face to Face Interviewing? Face-to-face interviewing is a type of qualitative research or data collection method in which data is collected through personal…
Earned Income and Earned Income tax Credit (EITC)
What Is Earned Income? Earned income is the money received as pay for work or labor performed. When you earn money, it is usually taxable…
Budget Variance – Definition, Types and Analysis
What is a Budget Variance? A budget variance is the accounting discrepancies in which actual costs are either lower or higher than the standard, baseline,…
Hard Money – Definition, Meaning, Examples, Pros and Cons
What is Hard Money? Hard money is a currency that is backed by a valuable commodity. The most common commodity backing hard money is gold…
How to Close a Sale: 20 Powerful Closing Techniques
Closing techniques are the ways through which a sales manager, sales rep, or sales team converts a lead into a sales deal. It is a…
Conflict Theory by Karl Marx – Definition, Overview and Examples
What is conflict theory? Conflict theory is a theory developed by Karl Marx that postulates that due to the world’s never-ending competition for finite resources,…
Buy and Hold – Definition, Strategy, Pros and Cons
What is Buy and Hold? Buy and hold is a passive investment strategy that encourages investors for buying stocks and holding them for the long…
Hard Power – Definition, Meaning and Real world Examples
What is Hard Power? Hard power is the “ability to use military or economic coercion to influence the behavior of another state, group, political body…
Conceptual Framework in Research – Definition, Types and Procedure
What is Conceptual Framework? A conceptual framework is a description of an expected relationship between variables that are either written or visual in nature. It…
What is Conflict? Definition, Types and Causes
What is Conflict? Conflict is a condition or state of human interaction in which there is disharmony or a perceived difference in interests, needs, or…
Hierarchy of Effects – Overview, How It Works and Stages
What is the Hierarchy of effects? The hierarchy of effects is a theory that explains how advertising affects the decision-making of target audiences when it…
