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 basics
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 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 Cy
Cy Cyber monday : In recent times the busiest online Shopping day of the year in the USA typically the Monday after Thanksgiving day in the UK typically the first Monday in December. Cyberspace : Term credited to author William Gibson in 1984 which describes the imaginary place where e mails ,website pages, etc., Go […]
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 […]
What are all the Functions of Marketing and Process
A. Exchange Functions: Buying- Buying is the one part of exchange process, other being the selling. Buying is the first step in the process of marketing. A manufacturer has to buy raw materials for production, a wholesaler has to buy goods to sell to the retailer, and a retailer has to buy goods to be […]
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 starts with ch
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 […]
GLOSSARY BUSINESS ADMINISTRATION – Words starts with By
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 […]
What is Marketing and Marketing Goal, Marketing Philosophy
Definition: Marketing is the management process responsible for indentifying,anticipating,and satisfying customer requirement profitable. Gole: * Attract new customers by promising superior value. * keep+grow current customers by delivering satifaction. Marketing a sale telling +selling Satisfying customer needs The importance of marketing : Marketing is valuable to a variety of organisation * corporate for- profit * […]
GLOSSARY BUSINESS ADMINISTRATION – Free Online Study Guide
Bi Biased assessment : Evaluating the performance of the human resources is an integral Part of human resource management. Bid bond: A sum agreed to be paid by a company that wins a contract if the work is not carried out. Bid: Offier to buy something at a certain price. Bidder : A person who […]
GLOSSARY of BUSINESS ADMINISTRATION
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 […]
GLOSSARY BUSINESS ADMINISTRATION – Topic and Its Meanings
Topics Start With BA Bachelor of laws : A degree granted to a person who has successfully completed graduation from a law school. This degree is abbreviated as L.L.B, and nowadays some law schools grant a juris doctor degree instead of the former. Back up : The process of making a copy of a file […]
GLOSSARY BUSINESS ADMINISTRATION – Words and its meanings used in Business
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 […]