Term of the Day

Economies of scale

The reduction in long-run average and marginal costs arising from an increase in size of an operating unit (a factory or plant, for example).Economics of scalecan be internal to an organization (cost reduction due to technological andmanagement factors) or external (cost reduction due to the effect oftechnology in an industry). See also diseconomies of scale.
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Usage Example
The marginal cost of producing more products was so minimal due to the largeeconomies of scale.
Term of the Day

Certificate of Deposit

CD. Short- or medium-terminterest-bearing, FDIC-insured debt instrumentoffered by banks and savings and loans. CDs offer higher rates ofreturn than most comparable investments, in exchange for tying up investedmoney for the duration of the certificate's maturityMoney removed beforematurity issubject to a penalty. CDs are low risk, low return investments, and are also known as "time deposits", because the account holder has agreed tokeepthe money in the account for a specified amount of time, anywhere from three months to six years.
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Usage Example
Many people invest in a Certificate of Deposit account since it bears low risk, but they could get a better return on investment if they were to select a different investment option.
We shared two very important terms today:
1. Economies of Scale and 2. Certificate of Deposit.
The Picture I painted is my new learning at Drawing and Painting the Zentangles and I am naming it ZenMentorAngle :). Reason is iPhone helps me enhance the painting in 6 different ways. For C Suite Strategist it is critical to study the impact of the Strategy atleast 6 different ways.