Price Margin
Price margin refers to the difference between the selling price of a product and its cost, usually expressed as a percentage. It reflects profitability per unit and is a key performance metric in pricing strategy, especially in retail and manufacturing. High margins generally indicate stronger financial health.
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Purchase Order
A purchase order is a formal document issued by a buyer to a supplier, confirming the purchase of goods or…
Petty Cash
Petty cash is a small fund kept on hand for minor or incidental expenses, such as office supplies or travel…
Provision
A provision is an estimated liability recorded when a business expects a future obligation from a past event but the…
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