Product cycle
The time it takes to bring new and/or improved products to market. |
Similar financial terms
Production-flow commitmentAn agreement by the loan purchaser to allow the monthly loan quota to be delivered in batches.
Production payment financing
A method of nonrecourse asset-based financing in which a specified percentage of revenue realized from the sale of the project's output is used to pay debt service.
Product risk
A type of mortgage-pipeline risk that occurs when a lender has an unusual loan in production or inventory but does not have a sale commitment at a prearranged price.
American Production and Inventory Control Society
American Production and Inventory Control Society (APICS) is a not-for-profit international educational organization respected throughout the world for its education and professional certification programs.
Net national product
The technical term for national income, it is GNP minus capital consumption.
Lean production
Lean production is a range of management techniques that aim to make business more efficient in its use of resources. This minimises waste, reduces costs, increases productivity and should expand margins.
Economic cycle
The economic cycle are predictable long-term pattern changes in national income. As for business cycles, the economic cycle has four (similar) stages:
- expansion
- prosperity
- contraction
- recession
After a recession, an expansion can start again. Some economists believe that major stock price movement patterns precede the stages of the economic cycle.
Business cycles
The patterns of fluctuation in growth patterns experienced by business caused by overall econimoc and financial trends, competitive forces and the nature of supply and demand. Cycles are predictable in patterns but not always in durations.
Replacement cycle
The frequency with which an asset is replaced by an equivalent asset.
Operating cycle
The average time intervening between the acquisition of materials or services and the final cash realization from those acquisitions.
Market cycle
The period between the 2 latest highs or lows of the S&P 500, showing net performance of a fund through both an up and a down market. A market cycle is complete when the S&P is 15% below the highest point or 15% above the lowest point (ending a down market). The dates of the last market cycle are: 12/04/87 to 10/11/90 (low to low).
Business cycle
Repetitive cycles of economic expansion and recession.
Cash conversion cycle
The length of time between a firm's purchase of inventory and the receipt of cash from accounts receivable.
Cash cycle
In general, the time between cash disbursement and cash collection. In net working capital management, it can be thought of as the operating cycle less the accounts payable payment period.
