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[A] cost driver is any factor which causes a change in the cost of an activity. [ citation needed ] However, a different meaning is assigned to the term by the business writer Michael Porter : "cost drivers are the structural determinants of the cost of an activity, reflecting any linkages or interrelationships that affect it". [ 1 ]
The Profit Impact of Market Strategy [1] (PIMS) program is a project that uses empirical data to try to determine which business strategies make the difference between success and failure. It is used to develop strategies for resource allocation and marketing. Some of the most important strategic metrics are market share, product quality ...
The impact factor relates to a specific time period; it is possible to calculate it for any desired period. For example, the JCR also includes a five-year impact factor, which is calculated by dividing the number of citations to the journal in a given year by the number of articles published in that journal in the previous five years. [14] [15]
An economic impact analysis only covers specific types of economic activity. Some social impacts that affect a region's quality of life, such as safety and pollution, may be analyzed as part of a social impact assessment, but not an economic impact analysis, even if the economic value of those factors could be quantified. [2]
Differences in customer profitability can arise from either differences in revenues and/or differences in costs. In other words, customer profitability depends not only on the revenue resulting from sold units of a product or service, but also on the 'back end' services provided, including marketing, distribution, and customer service. [1]
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Marketing strategy refers to efforts undertaken by an organization to increase its sales and achieve competitive advantage. [1] In other words, it is the method of advertising a company's products to the public through an established plan through the meticulous planning and organization of ideas, data, and information.
In any given year, the CiteScore of a journal is the number of citations, received in that year and in previous three years, for documents published in the journal during the total period (four years), divided by the total number of published documents (articles, reviews, conference papers, book chapters, and data papers) in the journal during the same four-year period: [3]