What is K in money stands for?

one thousand K comes from the Greek world "kilo" which means one thousand and is used in metric / decimal systems. The corresponding prefix for one million is M. An amount in the accounting and financial world shown as $14K would equate to $14,000.00.

linkedin.com - Is it K or M when referring to ""per thousand""? Here's the answer

How social media can lead to depression?

When people look online and see they're excluded from an activity, it can affect thoughts and feelings, and can affect them physically. A 2018...

Last updated May 31, 2020

What are disadvantages of digital marketing?

One of the biggest disadvantages of digital marketing campaigns is their time-consuming nature. Unorganized tactics and strategies may consume a...

Last updated Sep 23, 2018

Promotion

Have you noticed... that the print / mailing / marketing services world uses "M" in their pricing quotes while the financial world uses "K" and each one means "per thousand?

In the marketing and data world, "M" stands for per thousand records of data. In the print world, it would stand for per thousand sheets of paper, or other print functions like inserting, or completed print pieces. Many manufacturers also use "M" in their per unit pricing. M and MM are Roman numerals where M stands for "one thousand" and MM is intended to denote "one thousand thousands"or "one million". A quote for mailing services would commonly show as $ /M. For example, a cost quoted as $25/M would equate to $25 for every thousand pieces. It has its roots in the British Imperial System using Roman numerals and can also be referred to as USCS (US Customary System). CPM - Cost Per Thousand (M=1,000) - is a marketing advertising term referring to the cost usually referred to for internet pricing. For example, the cost of a Google or Facebook ad might show as $10 CPM, meaning $10 for every thousand times your ad appears. CPC means "cost per click".

The financial world uses "K" when referring to "per thousand dollars". Why is there such a difference in terms when they basically mean the same thing?

K comes from the Greek world "kilo" which means one thousand and is used in metric / decimal systems. The corresponding prefix for one million is M. An amount in the accounting and financial world shown as $14K would equate to $14,000.00. It is entirely possible when dealing with a vendor that both terms could be used in the same sentence: An example would be a marketing quote for 80,000 records of data for a list order or pertaining to a large print order:

$45/M x 80 = $3.6k ($3,600.00)

One answer I came across as to why some industries uses USCS and not metric is that when the industrial revolution happened, measurements were based on the imperial system and as time went on, it was too cost prohibitive to change. Industries dealing with science, technology or those with international business would likely use metric. Otherwise, I can't really find an answer as to why these two professions use different ways of of expressing "per thousand". Trust me though -- it makes a big difference when talking with various vendors for services. It's good to understand that these differences exist.

DBS - helping you to mail smarter

Website: DBS Marketing Services / DBS Blog 480-227-8685

Which broker gives highest referral?

Top 10 Best Refer and Earn Demat Account Paytm Money Demat Account. ... Upstox Demat and Trading Account. ... Groww Demat Account. ... IIFL...

Last updated Apr 23, 2021

How many views on TikTok is considered good?

A good starting point is seeking an answer to the question, how many views is viral on TikTok? While there is no precise number when it comes to...

Last updated Nov 6, 2018

Promotion

How do I get 100 followers a day?

wikihow.com - How to Get 100 Followers on Instagram: 10 Steps (with Pictures)

This article was co-authored by wikiHow staff writer, Jack Lloyd . Jack Lloyd is a Technology Writer and Editor for wikiHow. He has over two years of experience writing and editing technology-related articles. He is technology enthusiast and an English teacher. This article has been viewed 290,505 times.

Article Summary

X

To get 100 followers on Instagram, create an interesting profile and post unique, quality photos and videos consistently. Remember to attach relevant and trending hashtags to your posts to increase your visibility. When users comment on your posts, be sure to respond to their comments directly to keep them engaged. It's also important to follow and interact with other Instagram users when you're building your own audience. For tips on posting at high-visibility times of the day, read on!

How many likes on a reel is good?

1.5% may not seem like much, but most social media marketing experts agree that between 1-5% is a good engagement rate. The more followers you...

Last updated Nov 13, 2022

How to earn money Snapchat?

Best practices for making money on Snapchat Understand your audience. ... Partner with influencers or create an affiliate program. ... Use...

Last updated May 25, 2022

Promotion

How long should my first YouTube video be?

Ideally, a YouTube video should be between 6 and 8 minutes long. Most video marketers agree that you risk losing viewers once your video goes over...

Last updated Feb 5, 2019

Promotion

Are some people meant to be single forever?

Many people believe that they need to have a significant other to be happy, but this isn't always the case. If you feel fulfilled in life, perhaps...

Last updated Jul 18, 2020