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What is the minister doing when he tries to convince the congregation to contribute 10 percent of their income to the church? What is the salesperson doing when she tells a customer to forgo buying a used car and instead purchase a brand new Ford Focus Hybrid?
Billable Hour
The amount of time spent on a specific client's project that can be charged to that client, commonly used in legal and consulting services.
Realisation Rate
The percentage of billable hours or the revenue earned out of the total available hours or potential revenue, often used to measure the efficiency and profitability of professional services.
Chargeout Rate
The price charged by a business or professional for their services, often calculated to cover costs and generate profit.
Realisation Rate
The percentage of billable time or work that is actually charged or billed to clients, often used in professional services to evaluate profitability.
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