Which is higher K or M?

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.

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

Why am I so lazy and unmotivated?

You are overwhelmed by choices When we are faced with too many options, we can actually start to feel overwhelmed and stressed out. This can make...

Last updated Feb 17, 2020

Which YouTube channel makes more money?

Gaming Channel Many other YouTubers make money by playing games and leaving comments. Building a game channel takes effort. Gaming channels expand...

Last updated Dec 4, 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 skills do you need to be a social media influencer?

All influencers must know how social media platforms work, know which platform is the best match for their target audience, and stay up-to-date...

Last updated Sep 19, 2018

What is the toughest degree to earn?

What Are the 10 Most Difficult College Majors? Economics – 2.95. Biology – 3.02. Geology – 3.03. Philosophy – 3.08. Finance – 3.08. Physics – 3.10....

Last updated Feb 18, 2022

Promotion

What does G stand for?

gram (g or gm) The gram (abbreviation, g or gm) is the cgs (centimeter/gram/second) unit of mass.

techtarget.com - gram - TechTarget

The gram (abbreviation, g or gm) is the cgs (centimeter/gram/second) unit of mass. A force of one dyne (1 dyn), applied to a mass of one gram (1 g), will cause that mass to accelerate at one centimeter per second squared (1 cm/s2). Mass is often specified in larger or smaller units than the gram, by changing the power-of-10 prefix multiplier. A mass of one kilogram (1 kg) is 1000 g. A mass of one milligram (1 mg) is 0.001 g. A mass of one microgram (1 µg) is 10-6 g. A mass of one nanogram (1 ng) is 10-9 g. In the International System of Units (SI), the kilogram is the preferred unit of mass. Also see kilogram, mass, small-unit metric system, and International System of Units (SI).

Which gender is more happy?

Women around the world report higher levels of life satisfaction than men, but at the same time report more daily stress.

Last updated Aug 6, 2018

Is Data Analytics a stressful job?

Several data professionals have defined data analytics as a stressful career. So, if you are someone planning on taking up data analytics and...

Last updated May 5, 2021

Promotion

Is Kafka TCP or UDP?

Kafka uses a binary protocol over TCP. The protocol defines all APIs as request response message pairs.

Last updated Aug 10, 2019

Promotion

What company has the longest maternity leave?

12 Companies With The Best Maternity Leave Capital One. Capital One offers 18 weeks of paid maternity leave which is months more than you get in...

Last updated Feb 21, 2020