Archive for the ‘Business & Financial Word of the Day’ Category


Value Based Pricing – Pricing method based on the perceived worth of good or service to its intended customers.


Jun 30

Variable Cost – Periodic cost that varies, more or less, in step with the output or the sales revenue of a firm.



Government Accounting – Non-commercial accounting in which budgets and encumbrances form parts of the accounts, and assets are restricted for specified purposes.