Tradeoff between price and performance that provides the greatest overall benefit under the specified selection criteria.
Lowest rate that allows a buyer to fulfill his or her requirements in a convenient, efficient, and safe manner.
Purchase that offers an optimal combination of delivery, price, quality and other benefits in meeting a buyer's specific need.
This method is used to determine a company's financial status at any time during the current fiscal period. The ratio is determined by taking the gross income over the amount of operational costs.
Desirable and measurable outcome or result from an action, investment, project, resource, or technology.
Person or other legal entity for whose present or future interest (benefit) an annuity, assignment (such as a letter of credit), contract, insurance policy, judgment, promise, trust, will, etc., is made.
Entity that enjoys the possession and/or benefits of ownership (such as receipt of income) of a property even though its ownership (title) is in the name of another entity (called a 'nominee' or 'registered owner'). Use of a nominee (who may be an agent, custodian, or a trustee) does not change the ...
Right to enjoy and use a property, and to otherwise benefit from its possession. Beneficial interest usually accrues to the legal owner but may be vested in some other party, such as the beneficiary of a trust. See also contingent beneficial interest and equitable interest.
