Business & Organization
Human Resource
Final Accounts
Marketing
Operations Management
100
Unique Selling Point
What is any aspect of a product that makes it stand out form those offered by rival businesses
100
Conflict Resolution
What is Course of action taken to resolve conflict and differences in opinion
100
Cash Cow
What Refers to any product that generates significant sales revenue due to its large market share in a slowly expanding or mature market
100
Branding
_________Use of an exclusive name, symbol or design to identify a specific product or business
100
Just-in-time
What is Is the stock control system where materials and components are scheduled to arrive precisely when they are needed in the production service
200
E-commerce
What is the commerce Trading of good and services via the internet
200
Arbitration
What is the Process that involves an independent person or body, known as the arbitrator, deciding on an appropriate outcome to dispute.
200
Purchasing
What is the buying of raw materials, components and/or equipment needed for the production process
200
Patents
What is the legal protection for a finite period of time to the registered producer or user of a newly invented product or process
200
just-in-case
What is the traditional stock management system that recognizes the need to maintain large amounts of stock in case there are any emergencies or supply and demand fluctuations
300
Outsourcing
What is the practice of using external firms to provide goods or services as a method of reducing costs
300
Price Elasticity of demand (PED)
What is themeasures the degree of responsiveness of changes in demand due to a change in the products own price
300
Repositioning
What is the Strategy that involves changing the markets perception of a product or brand relative to those offered by rival firms
300
offshoring
What is it called when you use an overseas firm in another country as the subcontractor
400
B2B
What is Business-to-business and refers to online trade conducted directly for the business customer rather than the end-user, such as Amazon supplying books to other book retailers
400
Total quality management
What is the process that attempts to encourage all employees to make quality assurance paramount to the various functions of the organization
400
Balance Sheet
What is the Financial statement showing a firm's assets and liabilities at a specific point in time. It shows the sources of funds, such as long-term loans and owners equity, which must be balanced with the uses of funds, such as the purchase of fixed assets
400
Trademarks
What is a form of intellectual property right that uses signs or logos to represent a business or its brans and products
400
Innovation
What is the commercial development, use and exploitation of an invention or creative idea that appeals to the customers
500
BTC
What is Business-to-consumer and refers to online business conducted directly for the end-user
500
Total Quality Culture (TQC)
What is in the organizations that embed quality in all aspects of business activity, with every employee accustomed to being responsible for quality control and quality assurance
500
Liquidity
What is the Ability of a business to convert assets into cash quickly and easily without a fall in its value
500
Research and development (R&D)
What is the technological and scientific research that helps to generate a flow of new ideas and processes
500
Infrastructure
What is the term used to describe the transportation, communication and support networks in a certain area
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