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  2. Indian Institute of Social Welfare and Business Management

    en.wikipedia.org/wiki/Indian_Institute_of_Social...

    As per Economic Times B-School Survey, IISWBM was ranked 33rd in Human Resource Management and 37th in Overall Ranking. [5] In August 2017, Chief Minister Mamata Banerjee suggested IISWBM upgrade to a university. [6] In 2019 the alumni association also demanded university or deemed university status for IISWBM. [7] [8]

  3. List of price index formulas - Wikipedia

    en.wikipedia.org/wiki/List_of_price_index_formulas

    The Törnqvist or Törnqvist-Theil index is the geometric average of the n price relatives of the current to base period prices (for n goods) weighted by the arithmetic average of the value shares for the two periods. [16] [17]

  4. Dimensional weight - Wikipedia

    en.wikipedia.org/wiki/Dimensional_weight

    If the package is a right-angled rectangular box , then this will be equal to the true volume of the package. However, if the package is of any other shape, then the calculation of volume will be more than the true volume of the package. Dimensional weight is also known as DIM weight, volumetric weight, or cubed weight.

  5. Shrinkflation - Wikipedia

    en.wikipedia.org/wiki/Shrinkflation

    In economics, shrinkflation, also known as package downsizing, weight-out, [2] and price pack architecture [3] is the process of items shrinking in size or quantity while the prices remain the same. [4] [5] The word is a portmanteau of the words shrink and inflation. Skimpflation involves a reformulation or other reduction in quality. [6]

  6. Cost price - Wikipedia

    en.wikipedia.org/wiki/Cost_price

    Cost price is also known as CP. cost price is the original price of an item. The cost is the total outlay required to produce a product or carry out a service. Cost price is used in establishing profitability in the following ways: Selling price (excluding tax) less cost results in the profit in money terms.

  7. Average cost - Wikipedia

    en.wikipedia.org/wiki/Average_cost

    If the firm is a perfect competitor in all input markets, and thus the per-unit prices of all its inputs are unaffected by how much of the inputs the firm purchases, then it can be shown [1] [2] [3] that at a particular level of output, the firm has economies of scale (i.e., is operating in a downward sloping region of the long-run average cost ...

  8. Relative price - Wikipedia

    en.wikipedia.org/wiki/Relative_price

    A relative price is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices. A relative price may be expressed in terms of a ratio between the prices of any two goods or the ratio between the price of one good and the price of a market basket of goods (a weighted average of the prices of all other goods available in the market).

  9. Price variance - Wikipedia

    en.wikipedia.org/wiki/Price_Variance

    Price variance (Vmp) is a term used in cost accounting which denotes the difference between the expected cost of an item (standard cost) and the actual cost at the time of purchase. [1] The price of an item is often affected by the quantity of items ordered, and this is taken into consideration.

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