Business, Legal & Accounting Glossary
Getting the greatest value for one’s investment, or maximize outcome with the least amount of input. This phrase originated as a political term coined by Charles E. Wilson, the U.S. Secretary of Defense, in 1954, referring to massive retaliation policy proposed by John Foster Dulles. Also called value for the dollar.
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This glossary post was last updated: 20th November, 2021 | 0 Views.