Low base effect in business and economics is the tendency of a small absolute change from a low initial amount to be translated into a large percentage change. [1] [2]
In the following example, focusing solely on the 33.3% growth of Company B in year 5 may give a misleading indication of the company's relative performance versus Company A.
Initial | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
Company A Value | 100 | 120 | 140 | 160 | 180 | 200 |
Change | – | 20 | 20 | 20 | 20 | 20 |
%Growth | – | 20 | 16.7 | 14.3 | 12.5 | 11.1 |
Company B Value | 100 | 90 | 80 | 70 | 60 | 80 |
Change | – | -10 | -10 | -10 | -10 | 20 |
%Growth | – | -10 | -11.1 | -12.5 | -14.3 | 33.3 |
In economics, a network effect is the phenomenon by which the value or utility a user derives from a good or service depends on the number of users of compatible products. Network effects are typically positive feedback systems, resulting in users deriving more and more value from a product as more users join the same network. The adoption of a product by an additional user can be broken into two effects: an increase in the value to all other users and also the enhancement of other non-users' motivation for using the product.
A transistor is a semiconductor device used to amplify or switch electrical signals and power. It is one of the basic building blocks of modern electronics. It is composed of semiconductor material, usually with at least three terminals for connection to an electronic circuit. A voltage or current applied to one pair of the transistor's terminals controls the current through another pair of terminals. Because the controlled (output) power can be higher than the controlling (input) power, a transistor can amplify a signal. Some transistors are packaged individually, but many more in miniature form are found embedded in integrated circuits. Because transistors are the key active components in practically all modern electronics, many people consider them one of the 20th century's greatest inventions.
Electro–optics is a branch of electrical engineering, electronic engineering, materials science, and material physics involving components, electronic devices such as lasers, laser diodes, LEDs, waveguides, etc. which operate by the propagation and interaction of light with various tailored materials. It is closely related to photonics, the branch of optics that involves the application of the generation of photons. It is not only concerned with the "electro–optic effect", since it deals with the interaction between the electromagnetic and the electrical states of materials.
A photodiode is a semiconductor diode sensitive to photon radiation, such as visible light, infrared or ultraviolet radiation, X-rays and gamma rays. It produces an electrical current when it absorbs photons. This can be used for detection and measurement applications, or for the generation of electrical power in solar cells. Photodiodes are used in a wide range of applications throughout the electromagnetic spectrum from visible light photocells to gamma ray spectrometers.
A Zener diode is a special type of diode designed to reliably allow current to flow "backwards" when a certain set reverse voltage, known as the Zener voltage, is reached.
Magnetic refrigeration is a cooling technology based on the magnetocaloric effect. This technique can be used to attain extremely low temperatures, as well as the ranges used in common refrigerators.
Pricing is the process whereby a business sets and displays the price at which it will sell its products and services and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of the product.
A neon lamp is a miniature gas-discharge lamp. The lamp typically consists of a small glass capsule that contains a mixture of neon and other gases at a low pressure and two electrodes. When sufficient voltage is applied and sufficient current is supplied between the electrodes, the lamp produces an orange glow discharge. The glowing portion in the lamp is a thin region near the cathode; the larger and much longer neon signs are also glow discharges, but they use the positive column which is not present in the ordinary neon lamp. Neon glow lamps were widely used as indicator lamps in the displays of electronic instruments and appliances. They are still sometimes used for their electrical simplicity in high-voltage circuits.
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an exporter; the foreign buyers is an importer. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights.
A topical medication is a medication that is applied to a particular place on or in the body. Most often topical medication means application to body surfaces such as the skin or mucous membranes to treat ailments via a large range of classes including creams, foams, gels, lotions, and ointments. Many topical medications are epicutaneous, meaning that they are applied directly to the skin. Topical medications may also be inhalational, such as asthma medications, or applied to the surface of tissues other than the skin, such as eye drops applied to the conjunctiva, or ear drops placed in the ear, or medications applied to the surface of a tooth. The word topical derives from Greek τοπικόςtopikos, "of a place".
Low-frequency oscillation (LFO) is an electronic frequency that is usually below 20 Hz and creates a rhythmic pulse or sweep. This is used to modulate musical equipment such as synthesizers to create audio effects such as vibrato, tremolo and phasing.
The Dunning–Kruger effect is a cognitive bias in which people with limited competence in a particular domain overestimate their abilities. It was first described by David Dunning and Justin Kruger in 1999. Some researchers also include the opposite effect for high performers: their tendency to underestimate their skills. In popular culture, the Dunning–Kruger effect is often misunderstood as a claim about general overconfidence of people with low intelligence instead of specific overconfidence of people unskilled at a particular task.
Tokyo Stock Price Index, commonly known as TOPIX, along with the Nikkei 225, is an important stock market index for the Tokyo Stock Exchange (TSE) in Japan, which tracks the entire market of domestic companies and covers most stocks in the Prime Market and some stocks in the Standard Market. It is calculated and published by the TSE. As of January 2024, there will be 1,716 companies listed on the TSE, since about 400 stocks with low liquidity will be phased out after the TSE reform in 2022.
Performance-related pay or pay for performance, not to be confused with performance-related pay rise, is a salary or wages paid system based on positioning the individual, or team, on their pay band according to how well they perform. Car salesmen or production line workers, for example, may be paid in this way, or through commission.
A ground-effect vehicle (GEV), also called a wing-in-ground-effect, ground-effect craft, wingship, flarecraft or ekranoplan, is a vehicle that is able to move over the surface by gaining support from the reactions of the air against the surface of the earth or water. Typically, it is designed to glide over a level surface by making use of ground effect, the aerodynamic interaction between the moving wing and the surface below. Some models can operate over any flat area such as frozen lakes or flat plains similar to a hovercraft.
In the United Kingdom, an electricity supplier is a retailer of electricity. For each supply point the supplier has to pay the various costs of transmission, distribution, meter operation, data collection, tax etc. The supplier then adds in energy costs and the supplier's own charge. Regulation of the charging of customers is covered by the industry regulator Ofgem.
Bioasphalt is an asphalt alternative made from non-petroleum based renewable resources.
A dead-end job is a job where there is little or no chance of career development and advancement into a better position. If an individual requires further education to progress within their firm that is difficult to obtain for any reason, this can result in the occupation being classified as a dead-end position. Based on human resources and career strategist Toni Howard Lowe, some individuals who have worked for the same company for several years may not be privy to the signs that they are currently employed in a dead-end job.
The Cult Movie Network is a Canadian-based English language online video-on-demand service consisting of programming devoted to cult films from a variety of genres, primarily horror, but also including fantasy, comedy, and action, among others. The channel is owned by the Cult Movie Channel Inc., a company owned by Dieter Kohler.
The field-effect transistor (FET) is a type of transistor that uses an electric field to control the current through a semiconductor. It comes in two types: junction FET (JFET) and metal-oxide-semiconductor FET (MOSFET). FETs have three terminals: source, gate, and drain. FETs control the current by the application of a voltage to the gate, which in turn alters the conductivity between the drain and source.