The Business Professor
Sherman Act Vertical Price Fixing Maintenance
Sherman Act Vertical Price Fixing Maintenance
The Business Professor
Revenue Recognition Across Industries
Business employ various approaches to revenue recognition. Any revenue recognition method must be in accordance with ASC 606 which provides steps for determining when revenue should be recognized.
The Business Professor
Understanding Material Variance and its Importance in Operations
This video provides an explanation of material variance and its different types. Material variance refers to the variation in material use during an operational process. The video discusses four types of material variance: material cost...
The Business Professor
Transfer Pricing and Policies
Transfer pricing is applicable to the transfer of goods and services between mutually-controlled entities. This video explains transfer pricing and provides guidance with regard to policies that comply with treasury regulations.
The Business Professor
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private...
The Business Professor
Business Plan - Marketing Section
What should be included in the Marketing Section of a business plan? The marketing portion of a business plan addresses four main topics: product, price, promotion, and place.
The Business Professor
Business Customers are different than Consumers
Business Customers are different than Consumers
The Business Professor
Break-Even Point - Units Calculation
The units calculation for the break even point in an activity is used to determine exactly how many units of output must be produced and sold for the company to breack even monetarily.
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Break Even - Units vs Dollar Value of Sales
The break even point for an organization can be calculated as either the total number of units sold or the total value of units sold.
The Business Professor
Commoditize
Commoditize means a product or service has become identical to the same type of offering presented by a rival, distinguished only by its price.
The Business Professor
Drag-Along Rights - Term Sheet
What are Drag-Along Rights in a Term Sheet? Drag-along rights, on the other hand, are control provisions that can protect against minority shareholders holding up a deal for the sale of the company. Specifically, it requires a...
The Business Professor
Disintermediation
Disintermediation is the removal of intermediaries in economics from a supply chain, or "cutting out the middlemen" in connection with a transaction or a series of transactions.
The Business Professor
Income Recognition and Valuation of Liabilities
How does income recognition and the valuation of liabilities associated with deferred income affect the profitability or performance of a company. Income recognition principles give rise to deffered income and the associated liabilities....
The Business Professor
How does Ethics Interact with Marketing
How does Ethics Interact with Marketing