Term
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Definition
| represents an order that will not affect other sales and is usually a short-run occurrence. |
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Term
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Definition
| is defined as the sum of the fixed and variable costs of manufacturing and selling a unit. |
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Term
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Definition
are costs incurred in the past that cannot be changed by present or future
decisions. Sunk costs are not differential and therefore not relevant for decision making. |
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Term
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Definition
are costs that differ among alternatives. Differential costs change in
response to alternative courses of action. |
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Term
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Definition
refers to the process of estimating revenues and costs of alternative
actions available to decision makers and of comparing these estimates to the status quo. |
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Term
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Definition
| is defined as the period of time over which capacity will be unchanged, generally one year. |
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Term
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Definition
covers the time from initial research and development to the time at which
support to the customer ends. |
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Term
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Definition
is the practice of setting a selling price below cost with the intent to
harm competition by driving competitors out of the market or by creating a barrier to entry for new competitors. |
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Term
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Definition
occurs when a company exports its product to consumers in another country
at an export price below the domestic price. |
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Term
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Definition
is the practice of selling identical goods or services to different
customers at different prices. |
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Term
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Definition
is the practice of setting prices highest when the quantity demanded
for the product approaches the physical capacity to produce it. |
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Term
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Definition
represents the agreement among business competitors to set prices at a
particular level. |
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Term
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Definition
involves any decision concerning whether to make the needed goods
internally or purchase them from outside sources. |
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Term
| Theory of constraints (TOC) |
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Definition
focuses on revenue and cost management when faced with
bottlenecks, defined as operations where the work required limits production. |
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