Sealed Bid Auction – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is a Sealed Bid Auction?Sealed bid auction refers to an auction where all bidders submit bids to the auctioneer simultaneously, without knowledge of what the other has proposed for the item in question. In this type of bid auction, the highest proposal is mostly...

Affluenza – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Affluenza?Affluenza is a condition which results from a strong desire to be more wealthy or successful. Affluenza is mostly a social condition, and it impairs the possessors ability to see the consequences of his actions because of financial privilege and...

Wholesaling – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is Wholesaling?Wholesaling takes place when the merchandise are sold in bulk to a retailer who in turn repackages and resells those products in lesser quantum at a higher rate. The one who purchases the wholesale goods has to organize, reassemble, and repackage...

White Label Product – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is a White Label Product?White label products are the products that are sold in the market with the brand and logo of the retailers. However, its a third party that actually produces these products. White labeling takes place when the person who produces the item...

ADP National Employment Report – Explained

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

What is the ADP National Employment Report?The ADP National Employment Report is a monthly report on the U.S. nonfarm private sector employment, published by the ADP Research Institute in collaboration with Moody’s Analytics. The report is prepared by using...

Guerrilla Marketing – Explained

by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing

What is Guerrilla Marketing?Guerrilla marketing is an advertising tactic, employed as part of the marketing strategy of a company, that involves disrupting target consumers in their daily routines through unconventional methods of brand interaction (often...

Growth Curve – Explained

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

What is a Growth Curve?A growth curve is a graphical representation of the increase in a particular quantity over time. Growth curves can be typically classified into two types – Exponential growth curve, or, J Curve. Logistic growth curve, or S Curve. A growth...

Growth Company – Explained

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

What is a Growth Company?An established growth company is an industry leader that is typically associated with significant positive cash flows and earnings that grow exponentially at rates far exceeding the industry average. Note: A commonly confused concept is that...

Groupthink – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Groupthink?Groupthink is a psychological phenomenon occurring within a cohesive group of individuals wherein the independent and/or critical opinions of individual group members are disregarded in an effort to maintain conformity and unity within the...

Gross Profit – Explained

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

What is Gross Profit?The gross profit of a business, variously referred to as its sales profit or gross income, is the total profit that it makes from sales after deducting the costs associated with producing and selling its products or delivering its services. In...