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Uniform Product
Code (UPC)
A standard product numbering and bar coding system used
by the retail industry.
UPC codes are administered by the Uniform Code Council;
they identify the manufacturer as well as the item, and
are included on virtually all retail packaging
Unit Cost
The cost associated with a single unit of product. The
total cost of producing a product or service divided by
the total number of units.
The cost associated with a single unit of measure
underlying a resource, activity, product or service. It
is calculated by dividing the total cost by the measured
volume.
Unit cost measurement must be used with caution as it
may not always be practical or relevant in all aspects
of cost management
Upstream
Refers to the supply side of the supply chain.
Upstream partners are the suppliers who provide goods
and services to the organization needed to satisfy
demands which originate at point of demand or use, as
well as other flows such as return product movements,
payments for purchases, etc.
Opposite of downstream.
undue influence
In Contract Law, what is meant by the terms Duress
and Undue Influence? Simply, Duress is when someone is
pressured into a contractual agreement, and Undue
Influence is when someone is tricked into a contract. If
a court finds there has been Duress and Undue Influence,
they can void the contract.
Upstream
Upstream
refers to business operations and activities at
the initial stages leading up to production.
For example, in the natural gas industry, Upstream
activities would include research & development,
exploration, preparation drilling, water management etc. |
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