What is a white label?

The white label catalogs the line of generic products manufactured by a distributor (which is usually a supermarket), which sells to end consumers under its name or brand. The private label are few recognized products, with packaging and simple design. Another of the main characteristics of this type of product is that the price and … Read more

What is a Giffen good?

When we speak of a good Giffen, we are referring to the good whose demand increases when the price of the good increases. This behavior is exactly the opposite of what happens in normal goods, not complying with the law of demand. La demand law indicates that the higher the price of the good, the … Read more

What are word clouds?

Word clouds, also known as tag clouds or tag clouds, are the visual representation of the most important words that make up a text. This is one of the online business terms most used to summarize the labels of a website. This visual representation is made with different colors and sizes. Taking into account the … Read more

What is the labor market?

The labor market or labor market is called the confrontation between supply and demand for employment in a given country or region. Supply and demand will depend on the employment needs required by both companies and citizens of a country. The malfunction of this supply is essential for the development of a country, which depends … Read more

What is the weighted average price?

The concept of weighted average price refers to a valuation method widely used in accounting to measure the stocks that a company has. In order to obtain this information, a calculation must be made of the average value of the stocks that were at the beginning and of the entries weighted according to the quantities. … Read more

What is a webmaster?

The definition of webmaster refers to the person who is responsible for the development, coordination, programming and maintenance of a website. It is formed from two English terms such as web, which would be translated as 'network', and master, which means teacher or owner. A webmaster also goes by other names such as web developer, … Read more

What are the weaknesses of a company?

The concept of weaknesses in the business environment refers to the departments in which a company has deficiencies that prevent it from reaching the goals previously set. The term weaknesses is framed within the analysis DAFO, together with threats, strengths and opportunities, in order to find solutions to improve the activity of a business compared … Read more

What are WMS?

A WMS is a type of computer program applied to the logistics whose main purpose is to facilitate the management of warehouse operations. WMS is the acronym in English for Warehouse Management System, which in Spanish would be translated as Warehouse Management System or SGA for its acronym in our language. Warehouse management systems functions … Read more

What is Warrant?

The meaning of warrant refers to a financial derivative that provides its buyer with the right to buy a specific asset (underlying asset) from the issuer of the warrant, at a previously stipulated price (strike price) and within a specified period or with an expiration date. Specifying a little more, it is a negotiable security … Read more

What does the welfare state mean?

The Welfare State is a set of actions carried out by the State trying to seek the general welfare of the population. For the Welfare State to function, it is necessary for the State to intervene in the economía and in society, distributing wealth to improve the socioeconomic and health conditions of the population. In … Read more