Economic Bubble – Explained

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

What is an Economic Bubble?A bubble as an economic season with a very fast increase in the asset prices with subsequent shrinkage of the economy. Bubble creation occurs when there is inrush in the asset prices unwarranted by the asset’s primary principle and...

Backflush Costing – Explained

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

What is Backflush Costing?Backflush costing is a product costing system that is normally used in a just-in-time (JIT) inventory environment. Backflush costing, also referred to as backflush accounting, is used to delay the costing process until the completion of the...

Book to Bill Ratio – Explained

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

What is a Book-to-Bill Ratio?The Book to Bill is the ratio of received orders to the units shipped and billed for a particular period, generally monthly or quarterly. The ratio is commonly used by semiconductor equipment manufacturers in the technology industry....

Break-Even Analysis – Explained

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

What is a Break-Even Analysis?Break-even analysis is an economic assessment of the mathematical correlation between sales and expenses revenue, under a specified set of assumptions concerning variable and fixed costs. Plainly stated, it is a measure of how long it...

Backcasting – Explained

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

What is Backcasting?Backcasting is a method used in planning that begins with the desired result and plans action backwards to achieve that result.How to Backcast? Backcasting begins with outlining a desired goal or object. Next, identify the programs and policies...

Box-Cox Transformation – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is a Box-Cox Transformation?A Box-Cox power transformation refers to a way of transforming response to satisfy the usual regression assumption of homogeneity and normality of variance. The regression model is therefore used to fit the transformed response. The...

Boulwarism (Negotiations) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is Boulwarism?Boulwarism refers to a negotiating tactic invented by Lemuel Boulware, the former vice president of General Electrics. The term is also commonly referred to as Take-it or Leave-it.How do Take it or Leave it Offers Work?In labor union negotiations,...

Benefit Segmentation – Explained

by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing

What is Benefit Segmentation?Benefit segmentation is the clustering that is done based on the perceived value or benefits to the end customer. That is, most products offer one or more value proposition to intended customers. Customers may value the various value...

Boolean Logic – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is Boolean Logic?In mathematical concepts and mathematical logic, the term Boolean algebra refers to the branch of algebra that deals with the true value of variables. These values are based on determining whether a number is true or false and usually assigned 1...

Behavioral Targeting – Explained

by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing

What is Behavioral Targeting?Target advertising is an online advertisement that involves the use of sophisticated techniques to reach out to the receptive target audience with particular traits. The technique chosen by an online advertiser always depends on the type...