Point of Purchase (POP) or Point of Sale (POS) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is the Point of Purchase?A point of purchase (POP), also known as Point of Sale (POS), is a spot where a sales transaction between a seller and a buyer is finalized. It is a form of checkout mechanism set up by retailers to facilitate calculation of the total...

Agglomeration Diseconomies – Explained

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

What are Agglomeration Diseconomies?An urban agglomeration is an urbanized area or human settlement that is typically characterized by vast spans of human-made surroundings and a high density of population. Agglomeration diseconomies refer to the economic...

Riegle Neal Interstate Banking Act – Explained

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

Update Table of Contents What is the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994?What is the Expansion of the Community Reinvestment Act?Effect  What is the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994?State-chartered...

Rubber Band Effect – Explained

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

What is the Rubber Band Effect?The Rubber Band Effect is used to describe a situation in markets whereby a force can create both enormous opportunities and high volatility. This paints a picture of rise and fall in security or capital markets. In as much as the market...

Rational Self Interest (Economics) – Explained

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

What is a Rational Self-interest?Rational Self-Interest is a behavioral assumption that economists make about how people act under different economic conditions. Acting in an economically rational way entails taking actions that reduce costs and increase benefits for...

Root Cause Analysis – Explained

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

What is a Root Cause Analysis?Root Cause Analysis (RCA) is the process of finding out the main reason or cause of a problem and the approach to resolve it. It differs from causal factors in its scale and impact on the resolution of a problem. Removal of a causal...

Razor Blade Business Model – Explained

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

What is a Razor and Blades Business Model?The Razor and Blades Business Model is the strategic positioning of one product as free or complimentary in order to boost the sales of the actual revenue generating product. It was first used by Gillette to increase sales of...

Web Portal – Explained

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

What is a Web Portal?A web portal cannot comprehensively be defined by a single explanation because of its correlation with websites and computer networks. A portal can be intranet, extranet or a gateway to the World Wide Web. Generally, web portals are specialized...

Peer to Peer Lending – Explained

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

Update Table of Contents What is Peer-To-Peer Lending?How Does Peer-To-Peer Lending Work?List of peer-to-peer lending sponsors What is Peer-To-Peer Lending?Peer to peer lending is a way of financing debt that allows lenders and borrowers transact without using an...

Airway Bill – Explained

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

What is an Air Waybill?An Airway Bill, also known as an “airway consignment note”, is a non-negotiable (cannot be transferred to others for value) document identifying goods being shipped with an international airline (carrier). It is a receipt issued by a...