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Financial Terms | |
Product cycle |
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Definition of Product cycleProduct cycleThe time it takes to bring new and/or improved products to market.
Related Terms:product life cyclea model depicting the stages through Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Budget cycleThe annual period over which budgets are prepared. Business cycleRepetitive cycles of economic expansion and recession. Business CycleFluctuations of GDP around its long-run trend, consisting of recession, trough, expansion, and peak. by-productan incidental output of a joint process; it is salable, By-productA product that is an ancillary part of the primary production process, having ![]() By-productA material created incidental to a production process, which can be Cash conversion cycleThe length of time between a firm's purchase of inventory and the receipt of cash cash conversion cyclePeriod between firm’s payment for materials Cash cycleIn general, the time between cash disbursement and cash collection. In net working capital Cash CycleThe length of time between a purchase of materials and collection of accounts receivable generated by the sale of the products made from the materials. cost of production reporta process costing document that Cycle countingThe frequent, scheduled counting of a subset of all inventories, cycle timethe time between the placement of an order to economic production run (EPR)an estimate of the number ![]() equivalent units of production (EUP)an approximation of the number of whole units of output that could have been Expiration cycleAn expiration cycle relates to the dates on which options on a particular security expire. A Factor of ProductionA resource used to produce a good or service. The main macroeconomic factors of production are capital and labor. grade (of product or service)the addition or removal of product Gross Domestic ProductTotal output of final goods and services produced within a country during a year. Gross domestic product (GDP)The market value of goods and services produced over time including the Gross National ProductTotal output of final goods and services produced by a country's citizens during a year. Gross national product (GNP)Measures and economy's total income. It is equal to GDP plus the income Investment product line (IPML)The line of required returns for investment projects as a function of beta Joint productA product that has the highest sales value from among a group of products Lean productionThe technique of stripping all non-value-added activities from ![]() life cycle costingthe accumulation of costs for activities that Lifecycle costingAn approach to costing that estimates and accumulates the costs of a product/service over manufacturing cycle efficiency (MCE)a ratio resulting from dividing the actual production time by total lead time; Market cycleThe period between the 2 latest highs or lows of the S&P 500, showing net performance of a National Income and Product AccountsThe national accounting system that records economic activity such as GDP and related measures. Net Domestic ProductGDP minus depreciation. Net National ProductGNP minus depreciation. Non-production overheadA general term referring to period costs, such as selling, administration and financial expenses. Operating cycleThe average time intervening between the acquisition of materials or services and the final Payroll CycleThe period of service for which a company compensates its employees. Political Business CycleA business cycle caused by policies undertaken to help a government be re-elected. Process flow productionA production configuration in which products are continually process productivitythe total units produced during a period ProductAny item intended for sale. product complexityan assessment about the number of components in a product product contribution marginthe difference between selling price and variable cost of goods sold Product costThe cost of goods or services produced. product costThis is a key factor in the profit model of a business. product product costa cost associated with making or acquiring inventory Product costThe total of all costs assigned to a product, typically including direct product line marginsee segment margin Product marketA business’s investment in technology, people and materials in order to make, buy and sell products or services to customers. product- (or process-) level costa cost that is caused by the development, production, or acquisition of specific products or services Product riskA type of mortgage-pipeline risk that occurs when a lender has an unusual loan in production or Product/service mixSee sales mix. product varietythe number of different types of products Production-flow commitmentAn agreement by the loan purchaser to allow the monthly loan quota to be Production overheadA general term referring to indirect costs. Production payment financingA method of nonrecourse asset-based financing in which a specified Production yield varianceThe difference between the actual and budgeted proportions productive capacitythe number of total units that could be ProductivityOutput per unit of input, usually measured as output per hour of labor. Real Business Cycle TheoryBelief that business cycles arise from real shocks to the economy, such as technology advances and natural resource discoveries, and have little to do with monetary policy. Replacement cycleThe frequency with which an asset is replaced by an equivalent asset. Sales Revenue Revenue recognized from the sales of products as opposed to the provision ofservices. UNITS OF PRODUCTIONA depreciation method that relates a machine’s depreciation to the number of units it makes each build missiona mission of increasing market share, even at harvest missiona mission that attempts to maximize shortterm Horizontal mergerA merger involving two or more firms in the same industry that are both at the same KaizenA method of costing that involves making continual, incremental improvements to the Price riskThe risk that the value of a security (or a portfolio) will decline in the future. Or, a type of Vertical mergerA merger in which one firm acquires another firm that is in the same industry but at another Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |