Bulk Buying
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Bulk Buying
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 econo ...
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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, written by David Stewart and Jessica Agombar and produced by Stewart, is 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" was a commercial success, debuting a ...
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Billboard (magazine)
''Billboard'' (stylized as ''billboard'') is an American music and entertainment magazine published weekly by Penske Media Corporation. The magazine provides music charts, news, video, opinion, reviews, events, and style related to the music industry. Its music charts include the Hot 100, the 200, and the Global 200, tracking the most popular albums and songs in different genres of music. It also hosts events, owns a publishing firm, and operates several TV shows. ''Billboard'' was founded in 1894 by William Donaldson and James Hennegan as a trade publication for bill posters. Donaldson later 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, phonograph, and radio became commonplace. Many topics it covered were spun-of ...
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Miley Cyrus
Miley Ray Cyrus ( ; born Destiny Hope Cyrus on November 23, 1992) is an American singer, songwriter, and actress. Known for her distinctive raspy voice, her music spans across varied styles and genres, including pop, country, rock, hip hop, and experimental music. She has attained the most US ''Billboard'' 200 top-five albums in the 21st century by a female artist, with a total of thirteen entries. Cyrus, a daughter of country music singer Billy Ray Cyrus, emerged as a teen idol while portraying the title character of the Disney Channel television series '' Hannah Montana'' (2006–2011). As Hannah Montana, she attained two number-one and three top-five soundtracks on the US ''Billboard'' 200, including the US ''Billboard'' Hot 100 top-ten single " He Could Be the One". Cyrus's own discography includes the US number-one albums '' Meet Miley Cyrus'' (2007), '' Breakout'' (2008), and '' Bangerz'' (2013); the top-five releases '' Can't Be Tamed'' (2010), '' Younger Now'' ...
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Justin Bieber
Justin Drew Bieber ( ; born March 1, 1994) is a Canadian singer. Bieber is recognized for his genre-melding musicianship and has played an influential role in modern-day popular music. He was discovered by American record executive Scooter Braun and signed with RBMG Records in 2008, gaining recognition with the release of his debut seven-track EP '' My World'' (2009) and soon establishing himself as a teen idol. Bieber achieved commercial success with his teen pop-driven debut studio album, '' My World 2.0'' (2010), which debuted atop the US ''Billboard'' 200, making him the youngest solo male act to top the chart in 47 years. The album spawned the internationally successful single "Baby", which became one of the highest certified singles of all time in the US. His second studio album, ''Under the Mistletoe'' (2011), became the first Christmas album by a male artist to debut at number one in the US. Bieber experimented with dance-pop in his third studio album, '' Believ ...
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Harry Styles
Harry Edward Styles (born 1 February 1994) is an English singer, songwriter, and actor. His musical career began in 2010 as a solo contestant on the British music competition series '' The X Factor''. Following his elimination, he was brought back to join the boy band One Direction, which went on to become one of the best-selling boy groups of all time before going on an indefinite hiatus in 2016. Styles released his self-titled debut solo album through 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", topped the UK Singles Chart. Styles' second album, '' Fine Line'' (2019), debuted atop the US ''Billboard'' 200 with the biggest ever first-week sales by an English male artist, and was the most recent album to be included in ''Rolling Stone''s " 500 Greatest Albums of All Time" in 2020. Its fourth single, "Watermelon Sugar", topped the US ' ...
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Taylor Swift
Taylor Alison Swift (born December 13, 1989) is an American singer-songwriter. Her discography spans multiple genres, and her vivid songwriting—often inspired by her personal life—has received critical praise and wide media coverage. Born in West Reading, Pennsylvania, Swift moved to Nashville at age 14 to become a country artist. She signed a songwriting deal with Sony/ATV Music Publishing in 2004 and a recording contract with Big Machine Records in 2005. Her 2006 self-titled debut album made her the first female country singer to write or co-write a U.S. platinum-certified album entirely. Swift's next albums, '' Fearless'' (2008) and '' Speak Now'' (2010), explored country pop. The former's " Love Story" and "You Belong with Me" were the first country songs to top the U.S. pop and all-genre airplay charts, respectively. She experimented with rock and electronic styles on ''Red'' (2012), which featured her first ''Billboard'' Hot 100 number-one song, "We Are Neve ...
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Stray Kids
Stray Kids (; often abbreviated as SKZ) is a South Korean boy band formed by JYP Entertainment through the 2017 reality show of the same name. The group is composed of eight members: Bang Chan, Lee Know, Changbin, Hyunjin, Han, Felix, Seungmin, and I.N. Originally a nine-piece group, member Woojin left due to undisclosed personal reasons in October 2019. Stray Kids released their pre-debut extended play (EP) ''Mixtape'' in January 2018 and officially debuted on March 25 with the EP '' I Am Not'', followed by other two ''I Am'' series EPs, '' I Am Who'' and '' I Am You''. Their ''Clé'' trilogy EPs were issued in 2019, consisting of '' Clé 1: Miroh'', '' Clé 2: Yellow Wood'', and '' Clé: Levanter''. The group's first studio album '' Go Live'' was released in 2020, becoming their first platinum-certified album by Korea Music Content Association (KMCA). That year, Stray Kids also made their Japanese debut with the compilation album '' SKZ2020'' through Epic Records Japan. I ...
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The Album (Blackpink Album)
''The Album'' is the debut studio album by the South Korean girl group Blackpink, released on October 2, 2020 by 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; " Love ...
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Blackpink
Blackpink (, commonly stylized in all caps or as BLɅϽKPIИK) is a South Korean girl group formed by YG Entertainment, consisting of members Jisoo, Jennie, Rosé, and Lisa. The group debuted in August 2016 with their single album '' Square One'', which featured "Whistle" and "Boombayah", their first number-one entries on South Korea's Gaon Digital Chart and the US '' Billboard'' World Digital Song Sales chart, respectively. Referred to as the "biggest girl group in the world", Blackpink is the most successful Korean girl group internationally. They are the highest-charting female Korean act on the US ''Billboard'' Hot 100, peaking at number 13 with "Ice Cream" (2020), and on the ''Billboard'' 200, peaking at number one with their second studio album ''Born Pink'' (2022), which is the best-selling album of all time by a Korean girl group and the first to sell over two million copies. They were the first girl group to top the ''Billboard'' Artist 100 and the first Korean gir ...
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Paper (magazine)
''Paper'' (also known as ''Paper Mag'') is a New York City-based independent magazine focusing on fashion, popular culture, nightlife, music, art, and film. Initially produced monthly, the magazine eventually became a quarterly publication, and a digital version was made available online at ''papermag.com''. In 2020, physical production of the magazine was paused following the onset of the COVID-19 pandemic in the United States. Digital content still continues to be published via the website. History ''Paper'' was founded in 1984 by Kim Hastreiter and David Hershkovits, former editors at the '' SoHo Weekly News,'' with help from Lucy Sisman and Richard Weigand''.'' Beginning as a monthly print magazine in the form of a black and white 16-page fold-out, it has since transformed into a quarterly print and digital magazine. Past cover models include Kim Kardashian, Katy Perry, Miley Cyrus, Prince, CL, Kacey Musgraves, Jennifer Lopez, and BTS. In 2017, Hastreiter and Hershkovits ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.75 million, of which roughly half live in the Seoul Capital Area, the fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was an ...
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