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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 […]
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 […]
Words and Its Meanings Chain of command : A system in a business or in the military in which authority is wielded and delegated from top management down through every level of employees.in a chain of command instructions flow downwards and accountability flows upwards. Challenging jobs : Knowledge workers want to have in which require […]
Ca CAD : Computers Aided Design. Cadit quaesitio: The matter admits of no further arguments. CAI: Computers Aided instruction. Calculated risk: A risk which has been undertaken after careful consideration has been given to the likely outcome. Call account : A bank account which usually pays a higher rate of interest from which investors can […]
By- law : The set of laws adopted and enforced by a local authority. Generally used to denote those rules which are passed for the government of a corporation or other entity. Byte: This is a unit of data storage that is roughly synonymous with one character of data storage. The big board: An informal […]
Situation: Laurie, Christie, and Sarah are making plans for the coming weekend.Laurie: So, what are your plans for this weekend?Christie: I don’t know. Do you want to get together or something?Sarah: How about going to see a movie? Cinemax 26 on Carson Boulevard is showing Enchanted.Laurie: That sounds like a good idea. Maybe we should […]
Situation: Every year, Rooster Run, a country music band holds a concert at Silverado park.Alex and his two friends are heading toward the park to attend the concert.Alex: Hey Jane, John, there is a musical concert in the park. You want to go see the band play?Jane: I am done with my homework; I can […]
Words starts with BE Bean counters : An important derogatory term for an accountant, especially one who is perceived or suggested to be overly concerned about expenditure detail. Beanfeast: Also known as a Beano an annual party dinner or outing given by an employer for its employees. Bear market : In the stock market a […]
Situation: Jane just received a new purchase order from one of the customers. She tries to discuss the necessary actions with Lynn.Jane: Lynn, please come to my office. I just received a revised purchase order from one of our customers.Lynn: I am here.Jane: Lynn, remember the order we received from Colors House two weeks ago?Lynn: […]
Situation: A seminar on Management is at the Hilton hotel. Tom and Ana are among the many attendants. They try to strike a conversation during break-time.Tom: Hi, I am Tom.Ana: I am Ana.Tom: This is a pretty good seminar so far, huh?Ana: Yes, I like it. Prentice Hall always delivers good seminars. All of its […]
Situation: Charlotte and Michael have just finished taking the SAT test and are talking about it.They also discuss the next steps of the process of applying for college.Michael: That test was so long! Four hours! I really do not understand why we have to take this test anyway. Are our grade point averages (GPAs) not […]
GIVING A SPEECHSituation: Jennifer is going to give a speech on Global Warming, and she is quite nervous about the whole process. Mary is trying to calm Jennifer down by giving her some tips on how to deliver a good speech.Jennifer: I will have to give a presentation on global warming on Friday, and I […]
Situation: Two college students, Mary and Alexis, are studying for an upcoming sociology test.Mary: Hey Alexis, I am glad you decided to come over to my house to study for our upcoming exam. The sociology test seems to be very difficult. I have studied all the materials, but I am still not confident about my […]
Situation: Tom and Mary are on their way to their grandparent’s home to celebrateThanksgiving with the rest of their family.Mary: Mom, are we almost there yet? I am so hungry I could eat this whole dish of cornbread!Mom: Not quite, Mary. We have about another hour of driving before we reach Grandma’s house. I know […]
Economic objective : (1). Profit. (2). Growth. (3). Innovation. (4). Service of society. (5). employees satisfaction and development. (6). Fair return to inveship. (7). Good carports citizenship. (8). Quality products and services. Profit : Profit making is the primary objective of business. Business should grow in all directions over a period of time. Growth : […]
Words start with a letter A A1 : Top quality rating applicable to various business situations,e.g., credit worthiness and More general reference to qualify and fitness for purpose. Abandoned property : Property which has been abandoned by the owners. Abandonment : The voluntary relinquishment of a right by express worlds or by action. This term […]