Tooltip Categories: Economics & Finance

operating profit

Operating Profit = revenue – cost of goods sold, labor, and other day-to-day expenses incurred in the normal course of business. Operating profit is also

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optimization

An act, process, or methodology of making something (as a design, system, or decision) as fully perfect, functional, or effective as possible. (source: http://www.merriam-webster.com/dictionary/optimization)

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opportunity cost

In economic terms, the opportunities forgone in the choice of one expenditure over others. For a consumer with a fixed income, the opportunity cost of

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oligopoly

A market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able

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one stop shop

Office where multiple services are offered; i.e., customers can get all they need in just «one stop.» The term originated in the United States in

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online banking

Online banking allows customers of a financial institution to conduct financial transactions on a secure website operated by the institution, which can be a retail

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online shopping

A form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser. (source:

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open a bank account

An arrangement between a bank and a customer that allows the customer to pay in and take out money. (source:http://www.ldoceonline.com/dictionary/account_1)

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