Brassboard Configuration – Explained

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

What is a Brassboard Configuration?Brassboard configuration is experimental model used outside of the laboratory environment (field testing) to determine the feasibility of the product under development. It is used in developing technical and operational data for...

Blocked Funds – Explained

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

Update Table of Contents What are Blocked Funds?How Does a Blocked Fund Work? What is a Blocked Fund?A blocked fund is defined as money or capital realized when a foreign operation involving the transfer of funds is blocked as a result of regulations imposed by the...

Agflation – Explained

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

What is Agflation?Agflation, as a term, was coined in 2007, and it is an agricultural commodity price increase which was observed since 2006 and made more intense in 2007. The major argument, which some government officials even defended, is that increased demand for...

Bank Confirmation Letter – Explained

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

Update Table of Contents What is a Bank Confirmation Letter?How Does a Bank Confirmation Letter Work? What is a Bank Confirmation Letter?A bank confirmation letter (BCL) refers to a letter from either a bank or any other financial institution asserting the existence...

Batch Level Allocation – Explained

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

What is a Batch-Level Allocation?Costing refers to the estimation of costs or expenses related to the production of a commodity or the delivery of a service. This might include direct costs and indirect costs. Batch-level costs refer to the costs of producing or...

Book of Original Entry – Explained

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

What is a Book of Original Entry?A book of original entry refers to an accounting book or journal where all transactions are initially recorded. This book can also be called a first entry or preliminary entry. It is the journal in which invoices, vouchers, cash...

Brand Stacking – Explained

by TheBusinessProfessor | Feb 23, 2025 | Advertising

What is Brand Stacking?Domain Stacking is also called brand stacking. Brand stacking refers to a case in which several pages from a single website are listed on a search engine result page (SERP) when a user makes a search query. Listed on a single SERP might also be...

Back Door Selling – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is Back Door Selling?Back door selling is defined as a strategy used by sales personnel to extract information about a company in order to have an edge over other investors. This is a dishonest tactic and it is regarded illegal. Sellers use this strategy to...

Balanced Matrix Organization – Explained

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

What is a Balanced Matrix Organization?A balanced Matrix Organization is one in which a matrix management strategy is put in place to balance the level of authority between the project group and the functional groups. As such, a balanced matrix organization is...

Bell Shaped Portfolio – Explained

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

What is a Barbell-Shaped Portfolio?A Barbell-Shaped Portfolio is an investment strategy in which half of a fixed-income portfolio contains long-term bonds while the other half is made up of short-term bonds. This type of investment strategy weighs heavily at both...