Terms
| Term | Definition |
|---|---|
| Value |
The perception of benefits received for what someone must give up to obtain the benefits. |
| Variable Costs |
An important component in determining the cost of a product, these costs are directly associated with production and sales and, consequently, may change as the level of production or sales changes. |
| Vending |
Retail format represented by automated methods (i.e., via vending machine) for allowing consumers to make purchases and quickly acquire products. |
| Video News Release (also Audio News Release) |
A media relations tools used as part of Public Relations in which prerecorded video, often highlighting a company and its products, is distributed to news media for the purpose of being included within media programming such as within news stories. |
| VoIP - Voice over Internet Protocol |
Advancement in telephony that allows for telephone calls (e.g., customer service) to be delivered over the Internet at low cost and with multiple phones sharing the same connection. |




