What is K in price?

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

Do longer videos do well on TikTok?

Best length for TikTok videos A study performed by a marketing firm reports that 50% of the surveyed TikTok users found videos that were over one...

Last updated Sep 2, 2020

How is social media effective?

Building an effective social media presence helps you to reach out and create positive interactions, with each interaction building on the last....

Last updated Apr 21, 2021

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

What is the most successful side hustle?

What are the most profitable side hustles to make money? A dropshipping business. Selling your own handcrafted products. Creating and selling your...

Last updated Jun 21, 2019

What is the quickest degree to earn?

If you can't find a fully accelerated program to pursue your bachelor's degree, there are still a variety of ways to earn your degree fast....

Last updated Nov 21, 2018

Promotion

How much is 1.1 K means?

Verify Number Formats: English Numeric Format Compact-Short Compact-Short +Currency 1,000 1K € 1K 1,100 1.1K €1.1K 1,500 1.5K €1.5K 2,000 2K €2K 27 more rows

unicode-org.github.io - Verify Number Formats: English

Verify Number Formats: English

Index

To correct problems in compact numbers below, please go to Compact Decimal Formatting.

Numeric Format Compact-Short Compact-Long Compact-Short

+Currency 1 1 1 €1 1.1 1.1 1.1 €1.1 1.5 1.5 1.5 €1.5 2 2 2 €2 10 10 10 €10 100 100 100 €100 1,000 1K 1 thousand € 1K 1,100 1.1K 1.1 thousand €1.1K 1,500 1.5K 1.5 thousand €1.5K 2,000 2K 2 thousand €2K 10,000 10K 10 thousand €10K 100,000 100K 100 thousand € 100K 1,000,000 1M 1 million € 1M 1,100,000 1.1M 1.1 million €1.1M 1,500,000 1.5M 1.5 million €1.5M 2,000,000 2M 2 million €2M 10,000,000 10M 10 million € 10M 100,000,000 100M 100 million €100M 1,000,000,000 1B 1 billion € 1B 1,100,000,000 1.1B 1.1 billion €1.1B 1,500,000,000 1.5B 1.5 billion €1.5B 2,000,000,000 2B 2 billion €2B 10,000,000,000 10B 10 billion € 10B 100,000,000,000 100B 100 billion €100B 1,000,000,000,000 1T 1 trillion € 1T 1,100,000,000,000 1.1T 1.1 trillion €1.1T 1,500,000,000,000 1.5T 1.5 trillion €1.5T 2,000,000,000,000 2T 2 trillion €2T 10,000,000,000,000 10T 10 trillion €10T 100,000,000,000,000 100T 100 trillion € 100T 1,100,000,000,000,000 1100T 1100 trillion € 1100T

Plural Rules

Look over the Minimal Pairs to make sure they are ok. Then review the examples in the cell to the left. All of those you should be able to substitute for the numbers in the Minimal Pairs, with an acceptable result. If any would be incorrect, please file a ticket.

For more details, see Plural Rules.

What is the #1 social media site?

Facebook is currently the largest social media site in the world. With 2.96 billion monthly active users as of 2022, it's safe to say that nearly...

Last updated Dec 13, 2018

How can I make 100k without college?

Real estate agents, sales jobs, dental hygienists, network architects, and massage therapists are some jobs that pay the most without the need for...

Last updated Jan 18, 2019

Promotion

Who is the most successful Indian YouTuber?

Here are the Top 10 YouTubers of India who are popular, not just in India, but around the world too. 01 – Ajey Nagar (CarryMinati) ... 02 – Total...

Last updated May 17, 2019

Promotion

How many books do you have to sell for it to be a bestseller?

To achieve bestseller status on the Times not only do you have to sell at least 5,000 – 10,000 copies in one week, but these sales have to be...

Last updated Aug 10, 2020