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The common law of business balance, often expressed as "you get what you pay for", is the principle that one cannot pay a little and get a lot. That is, paying a cheap price will not guarantee the buyer will receive a product of high quality value. In other words, a low price of a good may indicate that the producer compromised quality.
TANSTAAFL: a plan for a new economic world order. (Pierre Dos Utt, 1949) The earliest known occurrence of the full phrase (except for the "a"), in the form "There ain't no such thing as free lunch", appears as the punchline of a joke related in an article in the El Paso Herald-Post of June 27, 1938 (and other Scripps-Howard newspapers about the same time), entitled "Economics in Eight Words".
The expression is used to describe sacrifice during times of crisis, being used widely in the United States to express gratitude to the military for defending freedom. It may be used as a rhetorical device . The phrase is more generally used to describe how Americans responded to the 9/11 attacks, "...the aftermath of the attacks, our city, our ...
A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.
Financial quote. A financial quotation refers to specific market data relating to a security or commodity. While the term quote specifically refers to the bid price or ask price of an instrument, it may be more generically used to relate to the last price which this security traded at ("last sale"). [1] This may refer to both exchange-traded ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Henry Habberley PriceFBA(17 May 1899 – 26 November 1984), usually cited as H. H. Price, was a Welsh philosopher, known for his work on the philosophy of perception. He also wrote on parapsychology. Biography[edit] Born in Neath, Glamorganshire, Wales, Price was educated at Winchester Collegeand New College, Oxford.
e. In economics and finance, market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market; the most blatant of cases involve creating false or misleading appearances with respect to the price of, or market for, a product, security or commodity. [citation needed]
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