Filtered results for “O”

Operating Expenses

Operating expenses are the costs to a firm of activities not connected directly with the primary activity of the business.

Outsourcing

Outsourcing occurs when a business pays an outside supplier to provide goods and services, rather than doing the work in-house.

Opportunity Cost

Opportunity cost is an economics term that refers to the value of what you have to give up in order to choose something else.

Overhead Costs

Overhead costs refer to those expenses associated with running a business that can’t be linked to creating or producing a product or service.

Odd-Even Pricing

Odd-even pricing is a pricing strategy involving the last digit of a product or service price. Prices ending in an odd number, such as $1.99 or $78.25, use an odd pricing strategy.

Outdoor Advertising

Outdoor advertising is an advertising strategy that reaches consumers when they are outside their homes.

Organizational Structure

Organizational structure helps a company assign a hierarchy that defines roles, responsibility, and supervision.