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Profit Center

A logical subdivision of the company that is responsible for both sales and costs. Compares to revenue center or cost center. Usage : The analyst assumed that the Starbucks coffee shop was a profit center for the bookstore.

Product Development

The full range of processes and activities, from idea creation to market launch, associated with improving a product or service. Usage : Product development includes setting up the operations as well as preparing the marketing message and materials.

Word Crimes Fun

ExecuSpeak Dictionary doesn’t generally get involved in grammar but this is the exception: http://youtu.be/8Gv0H-vPoDc

Risk Tolerance

The ability to manage stress and expectations when the outcome of events is unknown. Usage : Different people have different levels of risk tolerance when it comes to gambling.

Product Life Cycle

The predictable stages, from development through decline, that every product or industry experiences. Usage : Product prices are generally highest in the introductory or early adopter stage of the product life cycle.

Product Position Map

A map that represents the perceived relationship among brands, the shorter distances between brands indicating greater similarity in perception of relative attributes. Usage : Product position maps make it easier to see the relationships between products in a specific market.

Pro Forma Financial Statement

Financial statement prepared using budgeted or forecasted numbers. Usage : After completing the budget, we can create pro forma financial statements to see what the net income might be.

NDA

NonDisclosure Agreement. A contract prohibiting an individual or organization from sharing information acquired from a company in the course of discussion or doing business. Usage : Before the inventor would discuss his new ideas he asked everyone in the room to sign an NDA.

A joke and a question

How can you tell the difference between a chemist and a plumber?  Ask them to pronounce unionized.

Do you want more of these?  Or is this trite? 

Like or share if you want more. 

Tell me what you’re thinking in comments.

OPM

Other People’s Money. Bank or personal loans, venture capital, investment, or grants that might be made available to a business. Usage : The business owner was looking for OPM instead of putting his own money at risk.

Book Sale

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Resources

Any and all time (manhours and elapsed time), money (capital investment, expenses, or cash flow), or people (executives, managers, clerical support, skilled and unskilled labor). Usage : The business plan identifies the resources that will be required to get the new business up and running.

Market Share

The percent of the potential customers that are actually purchasing a specific product or service. Usage : The product manager’s new marketing plan was designed to increase market share.

Product Position Map

A map that represents the perceived relationship among brands, the shorter distances between brands indicating greater similarity in perception of relative attributes. Usage : Product position maps make it easier to see the relationships between products in a specific market.

Risk Tolerance

The ability to manage stress and expectations when the outcome of events is unknown. Usage : Different people have different levels of risk tolerance when it comes to gambling.