negative operating cycle
n.— «You can buy an iPod nano on Apple, Best Buy, etc. for about $149. Amazon sells it for $134. That’s probably cost price. It turns out that Amazon can sell almost everything at cost price and still make a product because of volume. It’s all down to the Negative Operating Cycle. Amazon turns over its inventory every 20 days whereas Best Buy takes 74 days. Standard retail term payments take 45 days. So Best Buy is in debt between day 45 and day 74. Amazon, on the other hand, are sitting on cash between day 20 and day 45. In that time, they can invest that money. That’s where their profit comes from.» —“Revealing Design Treasures from The Amazon” by Jeremy Keith Adactio (Brighton, England) June 22, 2009. (source: Double-Tongued Dictionary)
Further reading
Some people work hard to lose their accent in order to fit in. Others may be homesick for the voices they grew up with and try to reclaim them. How can you regain your old accent? Also, a compelling book about scientific taxonomy shows how humans...
Nadine in San Antonio, Texas, disagrees with her boyfriend, who insists that the word surprise suggests something inherently good, so it’s impossible to call something a bad surprise. A quick look at data from the Brigham Young University corpora of...