variety


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

Variety

One of two or more types of the same line of coin. For example, all the pennies made in one year may include a line of 100 with a double die. A variety may affect the value of the coin.

variety

the number of products sold by a firm as part of its PRODUCT RANGE. A firm may make many different products and many variants of each product in order to appeal to most market segments and maximize its potential sales. However, the providing of variety can be expensive if this is associated with short production runs, high stockholding costs, complex production scheduling and high marketing costs. Consequently, firms may aim to eliminate unnecessary variety in products or components by means of variety-reduction programmes and STANDARDIZATION of components.

variety

the number of products sold by a firm as part of its product range. A firm may make many different products and many variants of each product in order to appeal to most MARKET SEGMENTS and maximize its potential sales. Providing variety can be expensive, however, as short production runs increase unit production costs and the promotion of a large number of brands increases marketing costs. Thus, as part of their PRODUCT DIFFERENTIATION policies, firms often need to ‘trade off variety and STANDARDIZATION considerations.
References in classic literature ?
You will have much pleasure in being in London, and especially in being together; and if Elinor would ever condescend to anticipate enjoyment, she would foresee it there from a variety of sources; she would, perhaps, expect some from improving her acquaintance with her sister-in-law's family.
That, being convened from different parts of the country, they brought with them and communicated to each other a variety of useful information.
Does it consist in the greater security afforded by a greater variety of parties, against the event of any one party being able to outnumber and oppress the rest?
There was certainly a great variety of opinions on the subject of grace and free-will among the tenantry of Marmaduke; and, when we take into consideration the variety of the religious instruction which they received, it can easily be seen that it could not well be otherwise.
They were come too late in the year for any amusement or variety which Lyme, as a public place, might offer.
For the ordering of the ground, within the great hedge, I leave it to variety of device; advising nevertheless, that whatsoever form you cast it into, first, it be not too busy, or full of work.
Weevle prizes most of all his few possessions (next after his light whiskers, for which he has an attachment that only whiskers can awaken in the breast of man) is a choice collection of copper-plate impressions from that truly national work The Divinities of Albion, or Galaxy Gallery of British Beauty, representing ladies of title and fashion in every variety of smirk that art, combined with capital, is capable of producing.
Notre-Dame de Paris is, in particular, a curious specimen of this variety.
The Spencerian stanza, with its rich variety of movement and its harmonious closes, long shut "Childe Harold" from me, and whenever I found a poem in any book which did not rhyme its second line with its first I read it unwillingly or not at all.
Such an anthology, the compass and variety of our prose literature being considered, might well follow exclusively some special line of interest in it; exhibiting, for instance, what is so obviously striking, its imaginative power, or its (legitimately) poetic beauty, or again, its philosophical capacity.
They have also given me a variety of subjects to write about in the future: enough, in fact, to keep me busy for some time.
professionally speaking) rested on the ripe experience of more than thirty years; he had met with them in all their varieties-- especially the variety which knows nothing of the value of time, and never hesitates at sheltering itself behind the privileges of its sex.