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Bulk Purchasing
Bulk purchasing or mass buying is the purchase of much larger quantities than the usual, for a unit price that is lower than the usual. Wholesaling is selling goods in large quantities at a low unit price to retail merchants. The wholesaler will accept a slightly lower sales price for each unit, if the retailer will agree to purchase a much greater quantity of units, so the wholesaler can maximize profit. A wholesaler usually represents a factory where goods are produced. The factory owners can use economy of scale to increase profit as the quantity sold increases. Retailing is buying goods in a wholesale market to sell them in small quantities at higher prices to consumers. Part of this profit is justified by logistics, the useful distribution function of the retailer, who delivers the goods to consumers and divides those large quantities of goods into many smaller units suitable for many transactions with many small parties of consumers. Retailers can also benefit from econom ...
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Unit Price
A product's average price is the result of dividing the product's total sales revenue by the total units sold. When one product is sold in variants, such as bottle sizes, managers must define "comparable" units. Average prices can be calculated by weighting different unit selling prices by the percentage of unit sales (mix) for each product variant. If we use a standard, rather than an actual mix of sizes and product varieties, the result is price per statistical unit. Statistical units are also called equivalent units. Average price per unit and prices per statistical unit are needed by marketers who sell the same product in different packages, sizes, forms, or configurations at a variety of different prices. As in analyses of different channels, these product and price variations must be reflected accurately in overall average prices. If they are not, marketers may lose sight of what is happening to prices and why. If the price of each product variant remained unchanged, for ex ...
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Dynamite (BTS Song)
"Dynamite" is a song recorded by South Korean boy band BTS, released on August 21, 2020, through Big Hit Entertainment and Sony Music Entertainment. It is the band's first song fully recorded in English. The song was written by David Stewart and Jessica Agombar and produced by Stewart. It has been described as an upbeat disco-pop song with elements of funk, soul, and bubblegum pop, and takes influence from 1970s music—it features snapping handclaps, echoing synths, and celebratory horns. Intended to soothe listeners during the COVID-19 pandemic, the song talks about joy and appreciation for the little things that make life valuable. Upon release, "Dynamite" received positive reviews from music critics, with praise towards its catchiness and broadly appealing retro sound. It garnered the band their first Grammy nomination, for Best Pop Duo/Group Performance at 63rd Annual Grammy Awards, making them the first Korean pop act to be nominated for one. "Dynamite" experienced large ...
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Bulk Sale
A bulk sale, sometimes called a bulk transfer, is when a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business. This type of action is often used in an attempt to dodge creditors who intend to seize such business's inventory; in order to protect the purchaser from claims made by creditors of the seller, the seller must usually complete an affidavit outlining its secured and unsecured creditors, which must usually be filed with a government department, such as a court office. Such procedures are outlined in the bulk sales act of most jurisdictions. If the buyer does not complete the registration process for a bulk sale, creditors of the seller may obtain a declaration that the sale was invalid against the creditors and the creditors may take possession of the goods or obtain judgment for any proceeds the buyer received from a subsequent sale. History Bulk sales legislation came into place to prevent th ...
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Billboard Hot 100
The ''Billboard'' Hot 100, also known as simply the Hot 100, is the music industry standard record chart in the United States for songs, published weekly by '' Billboard'' magazine. Chart rankings are based on sales (physical and digital), online streaming, and radio airplay in the U.S. A new chart is compiled and released online to the public by ''Billboard''s website on Tuesdays but post-dated to the following Saturday, when the printed magazine first reaches newsstands. The weekly tracking period for sales is currently Friday–Thursday, after being changed in July 2015. It was initially Monday–Sunday when Nielsen started tracking sales in 1991. This tracking period also applies to compiling online streaming data. Radio airplay is readily available on a real-time basis, unlike sales figures and streaming, but is also tracked on the same Friday–Thursday cycle, effective with the chart dated July 17, 2021. Previously, radio was tracked Monday–Sunday and, before Ju ...
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Billboard (magazine)
''Billboard'' (stylized in letter case, lowercase since 2013) is an American music and entertainment magazine published weekly by Penske Media Corporation. The magazine provides music charts, news, video, opinion, reviews, events and styles related to the music industry. Its Billboard charts, music charts include the Billboard Hot 100, Hot 100, the Billboard 200, 200, and the Billboard Global 200, Global 200, tracking the most popular albums and songs in various music genres. It also hosts events, owns a publishing firm and operates several television shows. ''Billboard'' was founded in 1894 by William Donaldson and James Hennegan as a trade publication for bill posters. Donaldson acquired Hennegan's interest in 1900 for $500. In the early years of the 20th century, it covered the entertainment industry, such as circuses, fairs and burlesque shows, and also created a mail service for travelling entertainers. ''Billboard'' began focusing more on the music industry as the jukebox ...
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Miley Cyrus
Miley Ray Cyrus ( , born Destiny Hope Cyrus, November 23, 1992) is an American singer, songwriter, actress and director. Regarded as a contemporary pop icon, Cyrus has been recognized for her evolving artistry and image reinventions. She is a daughter of singer Billy Ray Cyrus, and was deemed a Child actor, child star before having a successful entertainment career as an adult. Cyrus emerged as a teen idol as Miley Stewart, the title character in the Disney Channel television series ''Hannah Montana'' (2006–2011), which evolved into a commercially successful franchise. As Hannah Montana, she achieved success on the Billboard charts, ''Billboard'' charts with two number-one soundtracks. Cyrus's solo career started with the US number-one pop rock albums ''Hannah Montana 2: Meet Miley Cyrus, Meet Miley Cyrus'' (2007) and ''Breakout (Miley Cyrus album), Breakout'' (2008). The single "Party in the U.S.A." from her EP ''The Time of Our Lives (EP), The Time of Our Lives'' (2009) ...
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Justin Bieber
Justin Drew Bieber ( ; born March 1, 1994) is a Canadian singer. Regarded as a pop icon, he is recognized for his multi-genre musical performances. He was discovered by record executive Scooter Braun in 2008 and subsequently brought to the United States by singer Usher (musician), Usher, both of whom formed the record label RBMG Records to sign Bieber in October of that year. His debut extended play (EP), ''My World (Justin Bieber EP), My World'' (2009), was met with international recognition and established him as a teen idol. Bieber was ushered into mainstream stardom with his teen pop debut studio album, ''My World 2.0'' (2010), which debuted atop the US Billboard 200, ''Billboard'' 200 and made him the youngest solo male act to do so in 47 years. The album was supported by the single "Baby (Justin Bieber song), Baby" (featuring Ludacris), which became one of the List of best-selling singles in the United States, best selling singles of all time. His second studio album, ' ...
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Harry Styles
Harry Edward Styles (born 1 February 1994) is an English singer, songwriter, and actor. His showmanship, artistry, and flamboyant fashion have had a Cultural impact of Harry Styles, significant impact on popular culture. Styles's musical career began in 2010 as part of One Direction, a boy band formed on the British music competition series ''The X Factor (British TV series), The X Factor'' after each member of the band had been eliminated from the solo contest. They became one of the List of best-selling boy groups, best-selling boy bands of all time before going on an indefinite hiatus in 2016. Styles released his Harry Styles (album), eponymous debut solo album through Erskine Records, Erskine and Columbia Records in 2017. It debuted at number one in the UK and the US and was one of the world's top-ten best-selling albums of the year, while its lead single, "Sign of the Times (Harry Styles song), Sign of the Times", topped the UK Singles Chart. His second album, ''Fine Li ...
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Taylor Swift
Taylor Alison Swift (born December 13, 1989) is an American singer-songwriter. Known for her autobiographical songwriting, artistic versatility, and Cultural impact of Taylor Swift, cultural impact, Swift is one of the Best selling artists, world's best-selling artists, the List of highest-grossing live music artists, highest-grossing performer, the List of music artists by net worth, richest female musician, and the first billionaire with music as the main income. Swift signed to Big Machine Records in 2005, debuting as a Country music, country singer with the albums ''Taylor Swift (album), Taylor Swift'' (2006) and ''Fearless (Taylor Swift album), Fearless'' (2008). The singles "Teardrops on My Guitar", "Love Story (Taylor Swift song), Love Story", and "You Belong with Me" found Crossover music, crossover success on Country radio, country and Contemporary hit radio, pop radio formats. She incorporated Rock music, rock on ''Speak Now'' (2010) and Electronic music, electronic ...
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Stray Kids
Stray Kids (often abbreviated to SKZ; ) is a South Korean boy band formed by JYP Entertainment. The band consists of eight members: Bang Chan, Lee Know, Changbin, Hyunjin, Han (musician), Han, Felix (rapper), Felix, Seungmin, and I.N. For undisclosed personal reasons, Kim Woojin, Woojin left the band in October 2019. Stray Kids primarily self-produce its recordings; the main production team is named 3Racha and consists of Bang Chan, Changbin, and Han, and the other members frequently participate in songwriting. Bang Chan handpicked each member to be a part of the band before the filming of the eponymous Stray Kids (TV program), 2017 reality television show, which is uncommon in K-Pop where that power typically lies with executives and creative directors. The band released their unofficial debut extended play (EP) ''Mixtape (Stray Kids EP), Mixtape'' in January 2018 and officially debuted on March 25 with the EP ''I Am Not'', which was followed by the EPs ''I Am Who'' and ''I ...
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The Album (Blackpink Album)
''The Album'' is the debut studio album by South Korean girl group Blackpink. It was released on October 2, 2020, through YG Entertainment and Interscope Records. It is the group's first full-length work since their debut in 2016. For the album, Blackpink recorded over ten new songs and worked with a variety of producers, including Teddy, Tommy Brown, R. Tee, Steven Franks, and 24. Eight songs made the final tracklist, including two collaborations: "Ice Cream" with Selena Gomez, and " Bet You Wanna", featuring Cardi B. The album explores the themes of love and the complexities of growing up. Musically, ''The Album'' utilizes pop, R&B, hip hop, EDM, and trap elements. ''The Album'' was supported by three singles in total, two of which were pre-released and became top-forty hits on the US ''Billboard'' Hot 100. Lead single " How You Like That" landed at number thirty-three; "Ice Cream" peaked at number thirteen to become Blackpink's highest-charting song in the United States; ...
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Blackpink
Blackpink (, stylized in all caps or as BLɅϽKPIИK) is a South Korean girl group formed by YG Entertainment. The group is composed of four members: Jisoo, Jennie (singer), Jennie, Rosé (singer), Rosé, and Lisa (rapper), Lisa. Regarded by various publications as the "biggest girl group in the world", they are recognized as a leading force in the Korean Wave and an ambassador of the "girl crush" concept in K-pop, which explores themes of Confidence, self-confidence and Women's empowerment, female empowerment. Blackpink debuted in August 2016 with their single album ''Square One (single album), Square One'', which featured "Whistle (Blackpink song), Whistle" and "Boombayah", their first number-one entries on South Korea's Circle Digital Chart and the US ''Billboard (magazine), Billboard'' World Digital Song Sales, World Digital Songs chart, respectively. It was followed by the single album ''Square Two'' in November, whose song "Playing with Fire (Blackpink song), Playing wi ...
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