Incremental Cost – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is an Incremental Cost?An Incremental Cost is a cost resulting from additional expenses associated with the production of an additional unit or product. Incremental Cost is also called marginal cost, it reflects changes that occur to the balance sheet of a...

Hard Sell – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is a Hard Sell?A Hard sell is a forceful or aggressive marketing strategy in which a salesperson mounts pressure on a consumer to purchase a product. When hard selling is used in consumers, it leaves them no option than to buy the product being marketed by the...

Hard Landing – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is a Hard Landing?A Hard landing is an economic concept that refers to a shift or downward turn of an economy that has rapidly experienced growth previously. This, in fact, is the government’s attempt to control inflation.How is the term Hard Landing used...

Green Field Investment – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is a Green Field Investment?A green field investment is a form of foreign direct investment where a company establishes operations in a different country. The company makes provisions for the independence of the subsidiary company by constructing new facilities...

Bureau of Labor Statistics – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Bureau of Labor Statistics?The Bureau of Labor Statistics is a Federal statistical agency saddled with the responsibility of collecting, processing, analyzing, disseminating and storing essential statistical data that reflect the economic position and...

Bureau of Economic Analysis – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

Bureau of Economic Analysis DefinitionThe Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official economic data used to confirm and predict trends, changes, and business cycles. These notable...

Balanced Budget, Deficit, and Surplus – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is a Balanced Budget?A budget deficit is an accounting situation that happens when expenses exceed income. Individuals, corporate organizations and even the government can experience budget deficit, it means more money was spent than earned. A budget deficit...

Bilateral Trade – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is a Bilateral Trade?Bilateral trade is a trade agreement between two countries. Generally it involves a plan for balanced trade between the two countries. That is, there will be no major deficit or surplus in trade between the countries.Also, in bilateral trade,...

Bid and Ask – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is Bid and Ask?The bid and ask is a term used in the stock market to describe the lowest amount sellers are willing to sell their stock and the highest amount buyers are willing to pay for the stock. The bid and ask is otherwise called bid and offer, this is the...

Co-Insurance Effect – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Co-Insurance Effect?The co-insurance effect takes place when risk is spread between two or more parties when two insurance companies share risks, it is coinsurance. The coinsurance effect is an economic theory that stipulates that when two companies are...