Weights

Numbers that are multiplied by database values to determine model or RFM scores.

Welfare state

A set of government policies designed to provide improvements in the welfare of citizens by assisting with income smoothing (for […]

What the market will bear

The price which an undifferentiated set of potential buyers will support. Vendors (especially smaller ones) will be better off focusing […]

White elephant

An item that incurs maintenance costs far above its value, yet cannot be sold or disposed.

White good

Large household appliances so named due to the common use of enamel coating. Some authors use this term to refer […]

White mail

Mail received from a buyer or donor who has not included the response device, so you cannot determine the source […]

Wholesale

The bulk sale of goods to retailers who will themselves sell to end users.

Willingness to accept (wta)

The reservation price of a potential seller, who will be willing to sell a unit only for a price at […]

Willingness to pay (wtp)

An indicator of how much a person values a good, measured by the maximum amount he or she would pay […]