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    • Join Date: Mar 2008
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    Question business vocabulary

    I'm an English teacher myself. One of my students got an e-mail (part of a sring of emails) from one of his company's suppliers mentioning the terms "Rom price" and "firm fixed price" as opposed ideas... the thing is, i never got to figure out exactly what "Rom price" means. Could they have misspelt it?

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    re: business vocabulary

    Could this be it?

    ROM stands for rate of markup, FC stands for fixed cost, and VC/S stands for ratio of variable cost per unit to Selling price.

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    • Join Date: Mar 2008
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    Lightbulb re: business vocabulary

    hi soup, it's nice to meet you. and , yeah, it makes sense now. thanks for the answer! i've been trying to find a clue on it for the last week!

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