Terminal Value – Explained

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

What is Terminal Value?Terminal value (TV) is a term in finance that refers to all future cash flows in an asset valuation. TV represents the value of all future cash flows, this is a sum of an investment beyond its forecast. Asset valuation is a process that examines...

Transfer Price – Explained

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

What is Transfer Price?Transfer price, which is also known as transfer cost, refers to the amount that is set for the transfer of goods and services from one branch of a company to another. It is the price of trade activities or goods and services transferred between...

Trailing Twelve Months – Explained

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

What is the Trailing 12 Months?Trailing 12 months (TTM) is a metric that allows one to carry out a full year worth analysis of a company’s financial performance. TTM represents the data reporting the financial figures of an entity for a fiscal year which is the...

Total Quality Management – Explained

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

What is Total Quality Management?Total Quality Management (TQM) refers to a structured process aimed at enhancing customer satisfaction through the improvement of a company’s output (goods and services) and internal processes. TQM is a continuous process of...

Thin Market – Explained

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

What is a Thin Market?A thin market can also be called a lean market or a narrow market. It is a market situation whereby the number of buyers and sellers are comparatively low. Due to a small number of sellers and purchasers, transactions in a thin market are also...

Tax Court – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is a Tax Court?The Tax Court is a restricted or specialized court that handles tax-related disputes. Although the tax court has no jury system, the court handles a wide range of tax matters or issues. As established by the Congress of the United States, the tax...

Tax Identification Number – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is a Tax Identification Number?A tax identification number (TIN) is a recognition number that the Internal Revenue service (IRS) issue to individuals and organizations for tax purposes. TIN is a nine-digit number that IRS uses in tracking tax obligations in the...

Attribution Theory – Explained

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

What is Attribution Theory?Attribution theory, proposed by Fritz Heider (1958), is a social psychology theory that deals with how individuals relate and make sense of the social world. More specifically, it is concerned with how people translate events around them and...

Seasonality Forecast – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is a Seasonality Forecast?In time series data, seasonality refers to the presence of variations which occur at certain regular intervals either on a weekly basis, monthly basis, or even quarterly (but never up to a year). Various factors may cause seasonality...

Always Be Closing (Sales Strategy) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is Always Be Closing?ABC, in the sales and marketing world, is acronym for the popular sales teams mantra Always Be Closing. It means that the bottom line for any salesperson is to close a sale, literally, to always be closing a sale to all potential prospects....