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Related Definitions
Lower cost products Lower cost products is the products introduced to compete with existing brands by offering a price advantage. The internet spawned a
Whistleblower Protection Act of 1989 Whistleblower Protection Act of 1989 means whistleblower protection is the federal law that provides protection to employees against retaliation for reporting
Market follower Market follower refers to a runner-up firm that wants to hold its share in an industry without rocking the boat.
Whistle-blower Whistle-blower is an individual who raises ethical concerns or issues to others.
Lower-of-cost-or market (LCM) basis Lower-of-cost-or market (LCM) basis is a basis whereby inventory is stated at the lower of either its cost or its market value as determined by current replacement cost.