to maximize profits
121Law Of Supply — A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services offered by suppliers increases and vice versa. As the price of a good increases, suppliers will… …
122Stakeholder — A party that has an interest in an enterprise or project. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers. However, modern theory goes beyond this conventional notion to embrace additional… …
123juggle — jug‧gle [ˈdʒʌgl] verb [intransitive, transitive] 1. to buy and sell different investments frequently in order to make as much profit as possible: • Traders juggle stock and options to maximize profits from temporary price differences. • Some… …
124price sensitivity — ➔ sensitivity * * * price sensitivity UK US noun [U] ► ECONOMICS, COMMERCE the situation in which the sales of a product or service go up or down in relation to its price: »In order to maximize profits, it is important to understand how price… …
125music industry — The market for rock and pop music is dominated by a handful of companies known as the Big Six: WEA, Sony, Polygram, CEMA, BMG and UNI. The global market remains under the power and influence of the Big Six because of their control over… …
126maginal-cost transfer prices — Transfer prices set by marginal cost pricing. When there is no market for the goods and services that are bought and sold between the divisions of an organization, the transfer price should be the marginal cost, which is normally assumed to be… …
127cost minimization — The behavioural assumption that an individual or firm will seek to purchase a given amount of goods or inputs at the least cost, other things being equal. By making certain assumptions, there will exist a single cost minimizing combination of… …
128marginal-cost transfer prices — Transfer prices set by marginal cost pricing When there is no market for the goods and services that are bought and sold between the divisions of an organization, the transfer price should be the marginal cost, which is normally assumed to be… …
