Covariance
Covariance is the value that reflects how much two random variables vary jointly with respect to their means. It allows us to know how a variable behaves based on what …
Social security contribution
The Social Security contribution is called each quota that both employees and employers must pay to the State as a contribution. Normally, the contribution will correspond to a monthly fraction or percentage of the salary of a worker, …
Transaction costs
Transaction costs refer to the costs incurred in order to carry out a market transaction. The concept of transaction costs was first developed by Nobel Prize Ronald Coase who wondered why companies exist. According to Coase, transaction …
Exchange costs
Exchange costs or exchange costs are those that the consumer faces when changing product, supplier or brand. The exchange costs are not only monetary, there are also psychological, effort and time costs. They can manifest themselves in …
Variable cost
Variable cost is the expense that fluctuates in proportion to the activity generated by a company or, in other words, that which depends on the variations that affect its turnover. …
Cost per acquisition (CPA)
The Cost per Acquisition (CPA) is the advertising cost that is paid for a sale made. In such a way that only one user is paid for each converted share, which …
Unit labor cost (CLU)
The unit labor cost (CLU) is a measure that indicates what it costs to employ a worker based on the productivity of the company. That is, it is the fraction of …