Outrageously Funny Word Dictionary :: Porters

👉 Portership is a concept in business management that refers to the role of an individual or organization as a facilitator, agent, or intermediary between two or more parties. It involves the ability to make decisions and solve problems on behalf of others, often with the assistance of other people. This can be achieved through collaboration, communication, and coordination among individuals or organizations involved in a project or task. Portership is an important aspect of business management as it helps ensure that projects are completed efficiently and effectively

portership

👉 Porter defines a "porter" as a person or company that manages and operates a business, manufacturing, or other enterprise. They are responsible for overseeing the operations of their organization and ensuring that it is efficient and effective in its efforts to produce goods or services. Porter believes that a good porter should be able to identify opportunities for growth and development within their organization, as well as handle challenges and obstacles that may arise during this process.

porters

👉 Porter's principle states that a product must be sold at a price equal to its cost plus its normal profit margin, given by: \[ \text{Price} = \text{Cost} + \frac{\text{Normal Profit Margin}}{100} \] where the profit margin is calculated as \( \text{Normal Profit Margin} = (\text{Sales Price} - \text{Cost}) / \text{Sales Price} \).

Porters