Variable Pricing, Variance, Vendor, Venture




Variable Pricing, Variance, Vendor, Venture :




Variable Pricing : When the seller charges different prices from different buyers depending upon the different situations in market. The prices may differ just because of different cost factor such as packing, advertising, marketing etc.



Variance : Generally, the qualification or quantification of difference : it means the difference between the budgeted results and actual results. Like the difference between actual sales and expected sales, the difference between actual cost and expected cost. All these terms are calculated in accounting.



Vendor : Seller of goods is simply called vendor. It also includes supply of services.



Venture : It’s kind of try which implies an element of risk, as in starting a business which is faced by every businessman. Possibility of loss exists with the possibility of gain.




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