Business encyclopedia
Learn everything there is to know about running a business
Filtered results for “O”
We found 7 results starting with the letter “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.