Average cost

The total cost of the firms’s output divided by the total number of units of output.

Average product

Total output divided by a particular input, for example per worker (divided by the number of workers) or per worker […]

B2b

Business to business.

B2c

Business to consumer.

Back end

As in phrase “back end analysis” refers to the results of actions with people who have responded to your initial […]

Balance of payments (bp)

This records the sources and uses of foreign exchange. This account records all payment transactions between the home country and […]