Are you a business professional looking to better understand the Latin prefix “per” and its meaning for your organization? Well, you’ve come to the right place! In this article, we’ll be discussing the definition of the term “per,” as well as a few examples of how this concept can be applied to various business decisions.
What Does ‘Per’ Mean?
“Per” is a Latin preposition that means “by,” “through,” or “for.” In the business world, it’s used to indicate division of a given unit. For example, when referring to cost-per-unit or revenue-per-unit, we’re talking about a figure that’s calculated by taking into account the cost or revenue of an item divided by the number of items in a unit.
Examples of Per in Business
Let’s take a look at a few examples of how per can apply to business decisions:
- By understanding how much a unit costs or earns you per sale, you can determine how much you need to charge to make a profit.
- When weighing the efficiency of a workplace, you can measure the cost per employee to determine the overall profitability of the operation.
- When setting a budget for your company’s marketing efforts, you can determine the cost-per-click to identify which advertising platforms are delivering you the most bang for your buck.
The Bottom Line
At the end of the day, understanding the definition of “per” and the importance of dividing a unit can prove invaluable to your business. By utilizing this Latin preposition, you’ll be able to make accurate and informed decisions that will drive your business forward.