OPERATIONAL GEARING is the higher the proportion of fixed costs relative to variable operating costs, the higher the operational gearing. This results in greater business risk. A retailer has high fixed costs relative to variable costs, so has a lot of business risk. See GEARING and FINANCIAL GEARING.
BOOKING, in import / export, is an arrangement with a shipping company to load and carry a shipment.
IN THE RED means losing money; the opposite of "in the black."
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