GLOSSARY

Accounts payable—The debts owed by a business, usually in relation to goods or services, inventory, or supplies.

Accounts receivable—The money owed to a business by its customers for products and services delivered to a customer.

Activity-based costing—A technique that logically allocates overhead to products based on actual usage of factory facilities or machinery.

Advisory (cross-functional) product team member—A cross-functional product team member providing consultative support on an as-needed basis. Advisory team members may come from Legal, Regulatory, Governance, or similar functions.

AIPMM (Association of International Product and Marketing Managers)—A professional association for those involved in product management or product ...

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