Operation
is an inventory management approach which ensures that the exact amount of material inputs will arrive only as they are needed in the operation process.
What is Just-in-time (JIT)?
A loan secured by the property of the borrower (business).
What is A mortgage?
a document that lists activities aimed at achieving particular marketing outcomes in relation to goods or services.
What is a Marketing Plan?
the use of third-party specialist businesses, for example, recruitment firms.
What is Outsourcing?
refers to the mutual dependence that the key business functions have on one another.
What is Interdependence?
Refers to employees losing their jobs, where the employees' job or work no longer needs to be done.
What is a Redundancy?
The proportion of debt (external finance) and the proportion of equity (internal finance) that is used to finance the activities of a business.
What is Gearing?
Introduction, Growth, Maturity and Decline
What is The Product Life Cycle (PLC)?
the legally enforceable minimum terms and conditions that apply to a business or industry.
What is an Award?
refers to a change in the nature and pattern of production of goods and services within an economy.
What is structural change?
involves the use of a system to ensure that set standards are achieved in production.
What is Quality assurance (QA)?
the bank allows a business or individual to overdraw their account up to an agreed limit and for a specified time, to help overcome a temporary cash shortfall.
What is Overdraft?
An organised system of collecting and analyzing information to help in making marketing decisions
What is Market Research?
provides a range of benefits to an employee suffering from an injury or disease related to their work.
What is Workers’ compensation?
the use of online systems to manage supply, allows suppliers direct access to the business’s level of supplies.
What is E-procurement?
the technology that is the most advanced or innovative at any point in time.
What is Leading edge technology?
deal with the purchase and sale of existing securities.
What is Secondary markets?
refers to disposable income that is available for spending and saving after an individual has purchased the basic necessities of food, clothing and shelter.
What is Discretionary income?
Laws made by federal and state parliaments; for example, laws relating to employment conditions.
What are Statutes?
Refers specifically to the projected changes to the level of economic growth throughout the world.
What is global economic outlook?
focus on how well the product meets the standard of a prescribed design with certain specifications.
What is Quality of conformance?
is a contract to exchange one currency for another currency at an agreed exchange rate on a future date.
What is forward exchange contract?
any practice by a business that is not reasonable and often illegal.
What is Unconscionable conduct?
refers to equitable policies and practices in recruitment, selection, training and promotion.
Equal employment opportunity (EEO)
exaggerated praise or flattery, especially when used for promotional purposes, that no reasonable person would take as factual.
Wfat is Puffery?