Posted inDefinitions

Benchmarking

Benchmarking is the process of comparing your company's performance to that of other companies in your industry. It can be used to identify areas where your company is doing well…
Posted inDefinitions

Variable Costs

In accounting and economics, variable costs are the costs that change in proportion to the level of production. They are the opposite of fixed costs, which do not change with…
Posted inDefinitions

Fixed Costs

In accounting and economics, fixed costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They tend to…
Posted inDefinitions

Capital

Capital is a broad term that can refer to a variety of things, including money, buildings, equipment, and intellectual property. In economics, capital is typically defined as any asset that…
Posted inDefinitions

Accounts Receivable (AR)

Accounts receivable (AR) is a current asset that represents money owed to a company by its customers for goods or services that have been sold but not yet paid for.…
Posted inDefinitions

Accounts Payable (AP)

Accounts payable (AP) is a short-term liability that represents money owed to suppliers for goods or services that have been purchased but not yet paid for. AP is a current…
Posted inDefinitions

Margin

In business, margin refers to the difference between the price at which a product or service is sold and the cost of producing it. It is expressed as a percentage…
Posted inDefinitions

Deliverable

A deliverable is any tangible or intangible product or outcome that is produced as a result of a project. Deliverables can be anything from physical products to software applications to…
Posted inDefinitions

Monetize

To monetize means to convert something into money. In the context of business, it refers to the process of generating revenue from a product or service. There are many different…
Posted inDefinitions

Incentivize

To incentivize means to motivate someone to do something by offering them a reward. Incentives can be financial, such as bonuses or commissions, or they can be non-financial, such as…