Per Capita Gross Domestic Product – Explained

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

What is Per Capita GDP?The per capita Gross Domestic Product is ascertained by dividing the gross domestic product of a nation for an accounting year by its average population. GDP is the combined value of final goods and services that are manufactured in a...

PCI Compliance – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is PCI Compliance?How Does PCI Compliance Work?PCI Compliance and Breach of Data What is PCI Compliance?PCI Compliance involves the technical and operational framework that a company must abide by in order to safeguard the credit card...

Payday Loan – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Payday Loan?How Does a Payday Loan Work?Obtaining a Payday LoanPayday Loan Interest What is a Payday Loan?A payday loan refers to a short-term loan in which the lending party gives an extension for high interest loan depending on the...

Barriers to Exit – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is a Barrier to Exit?Barriers to exit are restrictions that make it difficult for a company to make an exit from the industry in case they want to separate or stop operating. The most common barriers to exit involve specialized assets that cannot be sold easily,...

Barriers to Entry – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

Update Table of Contents What are Barriers to Entry? What are Barriers to Entry?Barrier to entry is a term used in economics throwing light on what challenges a competitor would encounter when entering a specific sector or industry. Examples of general barriers to...

Asset-Based Lending – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is Asset-Based Lending?How Does Asset-Based Lending Work? What is Asset-Based Lending?Asset-based lending refers to an organizational borrowing backed up by a collateral security or asset. Asset-based loan is also known as line of credit...

Auditing – Explained

by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting

What is an Audit?An audit refers to the area that analyzes and evaluates the financial reports of a company so as to ensure that it keeps an accurate record of its transactions and business activities, and it gets reflected in the financial statements. Either the...

At a Premium – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles

What is At A Premium?At a premium is a term that describes a condition in which an item has a higher price because it is valuable, many people want it, but it is scarce. In asset valuation at a premium describes a situation where the current value of an asset is more...

At a Discount – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles

What is At a Discount?At a discount is a term that refers to a situation in which a stock is traded at a price below its regular price or par value. When a security is sold below the current market value or sold below its nominal price, the security is trading at a...

Asset Management – Explained

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

What is Asset Management?Asset management is any system or approach that manages and controls things of value (assets). This means a systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively. What is an Asset Management Plan?An...