Glossary * Full employment : Persons who are willing to work and able to work must have employment or a job *Unemployment : when there are people, who are willing to work and able to work but cannot find suitable jobs. *Disguised unemployment : It is found in which when more people are doing work […]
Tag: business related terms
Economic Glossary – Vocabularies and its meanings
Glossary 1 GNP : Total money value of final goods and services produced in a country during a particular year (one year) including depreciation and net exports 2 NNP : Total money value of final goods and services produced in a country during a particular year (one year) excluding depreciation including net exports 3 NNP […]
GLOSSARY BUSINESS ADMINISTRATION
Dy Dying declaration: A dying declaration is the evidence provided by a person who is no his death bed and are given the same weight age as regular evidence. The reason behind this is that a person who is dying and know it generally will not tell a lie. Dynamic asset allocation: Dynamic asset allocation […]
GLOSSARY BUSINESS ADMINISTRATION
Do Docking station: A device to which notebook computer or a laptop can be connected so it can serve as a desktop computer. Doctrine: A legal doctrine is a rule or principal of law framework set of rules when established by a precedent through which judgements can be determined in given legal cast Document: Document […]
GLOSSARY BUSINESS ADMINISTRATION – Words starts with Di – Vocabularies
Di Diagnosis: Process of identifying a disease from its signs and symptoms. Didactic: Describes works of literature or art which are intended be to informative or instructional especially morally rather than entertainment. From the ancient Greek word didaskein which means to teach. Differential cost: The difference in the expected total cost of a project if […]
GLOSSARY BUSINESS ADMINISTRATION – Words starts with De
De De facto: Latin existing in reality or fact with or without legal rights. De facto: In fact De jure By right. De novo: This Latin term means new. It is usually used in case of a new or fresh trial. Deadbeat: A person or company who tries to avoid paying their debts. Dealer: A […]
GLOSSARY BUSINESS ADMINISTRATION – Words starts with Da
Da Damage limitation : The process of trying to limit or curtail the amount of damage or loss caused by a particular situation or event. Damages: Damages are pecuniary compensation given by the process of law to a person for the another has done him. Dangerous offender: A person who has committed a serious personal […]
GLOSSARY BUSINESS ADMINISTRATION – Words starts with Cu
Cu Cube farm: An open office which is divided into cubicles. Cum- means’with’ : A cum price includes the right to any recently declared divided or right share or bonus share. Culpability : Blame or liability for harm or damage to others from Latin colpa meaning fault. Currency bloc : A group of countries that […]
Interfaces with other Functions in The OrganiZation
Importance of marketing is mainly attributed to the following category: A. Importance to the Firms: 1. Business planning and decision-making- Marketing is helpful not only to plan the production but also in business planning and taking various decisions regarding business. In today’s economy, production is planned according to the sales forecasts and not according to […]
GLOSSARY BUSINESS ADMINISTRATION – Words Starts with Cr and Its Meanings
Cr Craft union: It is an organisation of workers employed in a particular craft trade or occupation. Therefore such unions lend to be well lenity and cohesive. Crayola: Items of little importance or poor quality rubbish. Crash cost : The cost associated with the normal time is called normal cost and the cost associated with […]
Five Major Concepts Involved In the Marketing Of Business Enterprises
Business enterprises conduct their marketing activity around these five concepts: 1) The Production Concept 2) The Product Concept 3) The Selling Concept 4) The Marketing Concept 5) The Societal Marketing Concept. 1) The Production Concept: The production concept emerges out of the production orientation of the firm.It is based on the idea that the more […]
GLOSSARY BUSINESS ADMINISTRATION – Words starts with CO
Co Commission : Payment to an agent for selling something. Commitment : The extent to which the employer are committed to their work and organisation has a significant bearing on an organisation performance. Committee: Found in every large organisation. Committee organisation : A committed is a group of person entrusted with certain task. Communication: Communication […]
GLOSSARY BUSINESS ADMINISTRATION – Words and Its meanings start with Letter Cl
Cl Class A spot : In the media commercial which are run on a prime time network. Class action : A lawsuit in which one person makes a claim and sues on behalf of a large group of people who have similar legal claims usually against a company or organisation. Class room training : Under […]