BusinessDictionary is a free easy-to-use FREE business glossary with over 30, definitions that span across critical business-related topics including. Basic Business Dictionaries Compared. Rutgers University has made this article freely available. Please share how this access benefits you. Your story matters. jinzihao.info Easy-to-use free business glossary with over terms. Concise, clear, and comprehensive.
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jinzihao.info - Free download as PDF File .pdf), Text File .txt) or read online for free. which may be used as an ordinary dictionary of business terms. The reader is invited, after having found the expres- sion he wants, to look up the corresponding. AOB n [U] any other business; the time during a meeting when items not on the bankrupt3 v [T] to make a person, business, or country go bankrupt bankruptcy.
Credit Union - A financial institution, similar to a bank, whose members create the funds from which they can obtain loans at low rates of interest. Creditor - A person, business, etc. Accounts - An individual's or company's financial records. Thanks days 41 minutes ago. Karamjit Sran Difference between reorder level and reorder quantity days 7 hours 59 minutes ago. Back Shift - A group of workers or the period worked from late afternoon until late at night in an industry or occupation where there is also a day shift and a night shift.
The slang term dog may also refer to other poor-performing elements within a business, for example a product or service within a company range, as in the widely used 'Boston Matrix'. The practice of investing a fixed amount of money at fixed times in particular shares, whatever their price. A higher share price means less shares are purchased and a lower share price means more shares can be purchased.
Dolly - In the entertainment industry, a piece of equipment on wheels which allows the camera to move smoothly for long walking shots. Double - In the film and TV industry, a person who stands in, or is substituted, for a principal actor.
Double-Blind - A method of testing a new product, usually medicine, in which neither the people trying the product nor those administering the treatment know who is testing the real product and who has been given a placebo containing none of the product.
Double-dip recession - A recession during which there is a brief period of economic growth, followed by a slide back into recession. Double-dipping - The practice, usually regarded as unethical, of receiving two incomes or benefits from the same source, for example receiving a pension and consultancy income from the same employer.
Double-Entry Bookkeeping - An accounting method which results in balanced ledgers, i. Double Indemnity - A clause in a life insurance policy where the insurance company agrees to pay double the face value of the policy in the event of accidental death.
Doula - A birthing or labour coach, from the greek word doule, meaning female slave. Drayage - The fee charged for, or the process of, transporting goods by lorry or truck. Drip Advertising - An advertising campaign in small amounts over a long period of time to ensure that the public is continually aware of a product or service.
Drum-Buffer-Rope - A method, usually in manufacturing, which ensures an efficient flow of work in a production process by taking into consideration any possible delays or problems which may occur. Duopoly - Two companies, or a situation, in which both companies control a particular industry. Dutch Auction - A type of auction which opens with a high asking price which is then lowered until someone accepts the auctioneers price, or until the sellers reserve price has been reached.
Dystopia - The opposite of Utopia, a society in which conditions are characterised by human misery, depirvation, squalor, disease, etc. Earn-Out - An arrangement in which an extra future conditional payment is made to the seller of a business in addition to the original price, based upon certain criteria being met.
Easterlin Paradox - A theory that beyond satisfaction of basic needs, increasing wealth of a country does not produce increasing happiness, suggested by US professor of economics Richard Easterlin based on his research published in Easy Monetary Policy - A policy which enables the public to borrow money easily, at low interest rates, in order to expand the economy by investing the money in business activities.
E-Business - Electronic Business. Using the internet to conduct business or enable businesses to link together. E-Commerce - Electronic Commerce. The buying and selling of products and services over the Internet. Econometrics - Using mathematics and statistics to study the economy. Economic Growth - An increase in a region's or nation's production of goods and services.
Economic Life - The period of time during which an asset, e. Economic Union - Also known as a Common Market. An agreement between a group of countries which allows the free flow of goods, services, labour, etc.
Economies Of Scale - In manufacturing, the more units being made the cheaper each unit costs to produce. Economy - The management of money, currency and trade of a nation. The efficient management of resources. Ecotourism - Nature based travel to unspoilt places in the world with a view to conservation and to bring economic benefit to the local people.
Also known as Ecological Tourism. E-Currency - Electronic currency.
Used on the Internet for making and receiving payments. Companies which provide this service include Paypal and E-Gold. Edutainment - Products or media which both educate and entertain at the same time, such as TV, books, computer software. Egalitarian - Believing that everyone is equal and should all have the same rights and opportunities in life.
E-Lance - Freelance working using the Internet to sell services or goods anywhere in the world. Elasticity Of Demand - The measure of whether people require more or less of a product or service after a price change. Electronic Cottage - A home which has the necessary electronic equipment, such as telephone, computer, etc. Electronic Data Exchange - A means of exchanging documents between businesses using electronic equipment such as computers. Electronic Purse - A type of microchipped smartcard which stores small amounts of money to enable payment for purchases, especially on the Internet, instead of having to use cash.
Embezzlement - Dishonestly appropriate goods or money from one's employer for personal gain; steal from one's employer, typically by electronic administrative methods, thus abusing a position of trust or responsibility. Emolument - Total wages, benefits or compensation paid to someone for the job they do or the office they hold. Emoticon - Used in e-mails, internet chat rooms and text messages, symbols which represent facial expressions, e.
Emotional Capital - Emotional experiences, values and beliefs of a company's employees that make good working relationships and a successful business. Low emotional capital can result in conflict between employees, low morale and poor customer relations. Emotional Intelligence - The ability or skill of a person to understand and control their emotions, and to understand and assess and respond appropriately to the feelings and situations of others.
Commonly abbreviated to EQ Emotional Quotient, alluding to the concept of IQ - Intelligence Quotient , Emotional Intelligence theory seeks to enable a sophisticated practical appreciation and application of the concept of intelligence, especially in work, management, leadership and human relationships.
Empirical - Information derived from experience, observation or experiment rather than from theory or subjective opinion. From Greek - empeiros, meaning skilled - in turn from peira, meaning trial or experiment.
Employee - An individual who is hired and paid by another person, company, organisation, etc. Employee Buyout - A transaction in which employees purchase all or most of a company's shares, thereby gaining control of the company. Employee Ownership - A business model and constitutional framework in which staff hold significant or majority shares of a company, thereby ensuring higher levels of loyalty and commitment, and fairness in the way that business performance relates to employee reward.
The John Lewis Partnership is one of the prime and most successful examples of the concept. Employee Self Service - An Internet based system which enables an employee to access their personal records and payroll details, so they can change their own bank account details, contact details, etc. Employee Stock Option - Allows specified employees the right to purchase shares in the company at a fixed price. Employer - A person, business, organisation, etc. Employment Equity - Promotes equal employment opportunities for everyone, regardless of gender, race, ability, etc.
Employment Law - Also known as Labour Law. The branch of the law that deals with the legal rights of employees, e. Encrypt - Convert data into code which cannot be easily understood by people who have no authorisation to view it. End Marker - Used at the end of a take in a film, TV program or audition to cover a mistake or to remind people who the person auditioning was during auditions.
Enterprise - A company or business. Enterprise Application Integration - Software technology that links computer programs, data bases, etc. Entrenpreneur - An ambitious person who starts new business ventures in order to make a lot of money, often taking financial risks. Environmental Impact Assessment - The effect that a proposed project, such as a new building or development, will have on the environment. Environmentalist - An individual who is concerned about the protection, conservation and improvement of the natural environment.
Some eponymous names have become very well-known and entered language to the extent that the origins of the word are not widely appreciated, or largely forgotten altogether. There are thousands of famous eponyms eponymous names in business and life in general.
Here are a few varied examples, starting with some very big examples of words which have acquired generic descriptive meanings far beyond their original eponyms:. Biro - in many parts of the world this means generally any ballpoint pen, in addition to being the Biro brand of ballpoint pen. Biro is named eponymously after its Hungarian inventor Lszl Br, Levi jeans are named after Levi Strauss, the US businessman who co-registered the original riveted design and begain producing the eponymous working jeans in the late s.
They built a very big household equipment business, and the word. Jacuzzi, the brand, and the general reference to a bubbling hot tub, is named after seven Jacuzzi brothers, Italian US immigrants whose business developed in the early s from aeronautics, though water pumps, to whirlpool bathtubs. The Victorian age is obviously, but often disregarded an eponymously named era, after Queen Victoria. Glastonbury, the huge music festival event and brand is named after its village location of Glastonbury.
Homer's ancient Greek classic The Odyssey and therefore the modern word odessey too is named after the main character, Odysseus. The Heimlich manoeuvre abdominal thrusts emergency firstaid treatment is named after its conceiver Henry Heimlich.
The Pavlova fruit-meringue dessert is named after Russian ballerina Anna Pavlova, , for whom Australia and New Zealand claim to have devised the pudding when she visited on tour.
The giant Casio corporation was established in by Japanese engineer Tadao Kashio. Casio's second product. E-Procurement - Electronic procurement. Businesses using the internet to purchase from, or sell goods and services to, other businesses. Equal Pay Act - In Britain, a government Act of which gives women the right to earn the same money and to receive the same benefits as men for performing the same job.
Equilibrium Price - The price at which the demand of a particular product or service is equal to the quantity supplied. Equity Accounting - When a company records, in its financial records, profits which can be claimed from an affiliated company which they part own. Escape Clause - A condition in a contract which allows the contract to be broken in particular circumstances. Ethics Committee - In medicine, an independent body which is appointed to examine and consider the rights and safety of people taking part in clinical trials.
Ethnic Monitoring - Recording and evaluating the racial origins of employees in a company to ensure that all races are represented fairly. Euroland - Also known as the Eurozone. European Union - EU. Previously called the European Community.
An international, economical and political organisation which brought the nations of Europe together so that people, goods, money, services, etc. The rate, which can vary from day to day, at which a country's currency can be exchanged for another country's currency.
Exchange Rate Exposure - When a business risks losing money because of the need to change one currency for another of lower value. Execution Risk - The risk that a company's plans, or a project, will fail because of changes being made, e.
Executive Director - Also called Internal Director. A person who usually works as a full-time senior employee for a company, and is responsible for the day to day running of the business, and is often a member of the company's board of directors. Ex Gratia - Something given or carried out as a favour or gift, rather than as a legal duty. Exit Strategy - Also called Harvest Strategy. A plan by an investor to dispose of an investment, such as shares in a company, to make a profit, or a business owner to dispose of their company, e.
Ex Officio - Someone who has a right to be included because of their job or position, e. Latin - by virtue of office or position Experience Curve - In business, when costs fall and production increases as a result of increase in workers skills and lower material costs.
Expectancy Theory - A theory of motivation developed by Canadian Victor Vroom, Yale professor of management and psychology, established in his book, Work and Motivation, which essentially states that motivation necessarily comprises and is determined by three elements of belief: Effort will produce success.
Success will produce reward. These outcomes will be personally satisfying. Expert System - A computer software system which can provide expert knowledge for a specific problem when users ask a series of questions. Export Credit - A loan taken out by an importer with a bank in an exporters country, so that the importer can buy foreign goods and pay for them at a later date.
Export Factoring - A facility offered by banks to exporters. The bank is responsible for collecting payments for exported goods, so that the exporter can borrow money from the bank before the goods have been paid for by the customers.
Ex Stock - Goods which are available for immediate delivery because the supplier has them in stock. Extension Strategy - A marketing strategy to stop a product going into decline by making small changes to it, reaching new customers or finding new uses for it, e. External Competitiveness - Being able to sell goods and services to customers in foreign countries at a competitive price.
External Debt - Also known as Foreign Debt. Money that is owed by the government, organisations or individuals to creditors in other countries. External Equity - A situation in which an organisation's employees receive similar pay for the same type of work as employees in other organisations, i. Extranet - A private computer network to which a company's customers and suppliers can link and communicate using the Internet.
Extrapolation - The estimation or determination of what will happen in the future by extending extrapolating known information or data. The verb usage 'extrapolate' is common and means using mathematics or other logical process to extend a proven trend or set of data.
It's a way of predicting something by assuming a historical pattern will continue into the future. Ex Works - Goods which are delivered to the purchaser at the plant or place where they are manufactured. The purchaser then pays for transporting and insuring the goods from that point. Eyeballs - Advertising term. A name given to the number of people who visit a website advertisement, which can be counted by the number of click-throughs.
E-Zine - An electronic magazine which is published on the internet, or delivered by email. Also the collective name of the ordinary workers in a factory, rather than management.
Factory Price - The price charged for goods direct from the factory, not including transport costs, etc. Factory Price is often quoted by retailers or in advertisements to show that products are for sale at a very low price. Fairy Dust - A term often used in the entertainment business.
The final enhancement or touch on a project. The unknown factor which turns something great into something fantastic. Fallen Angel - Term used in finance to describe bonds which once had a good investment value, but have now dropped in value to a much lower rating.
False Accounting - A criminal offence. Giving false information in, or destroying, a company's accounts, usually for personal gain. False Bottom - On the stock market, selling prices which seem to have already hit their lowest level because of a subsequent price rise then fall through a false bottom because the price falls even lower. Fast Track - Quick route in a career to success and promotion, associated with high ambition.
Fat Cat - A wealthy person living off investments or dividends, or a chief executive of a large company or organisation who is on a very large salary, huge pension, etc. Fault Tolerance - Enables a system, especially in computing, to continue to operate properly even though a component in the system has failed.
Feasibility Study - A preliminary assessment of a new project, including costs, risks, etc.
Feather-Bedding - A term often used in industry describing the practice of hiring more workers than is necessary to carry out a job, often because of a contract with a union. Federation - An organisation which has been formed by the joining together of a group of companies, clubs, etc. Fidelity Bond - Also known as Fidelity Insurance. Protects an employer against any losses incurred because of dishonesty, or damage caused, by an employee.
Fiduciary - Describes an organisation or individual who manages money or property for a beneficiary. Figurehead - In business, organizations, politics, etc. Derived from the carved painted figurehead models which traditionally were fixed to the front of sailing ships. Filibuster - A person who attempts to delay or obstruct legislation by giving long speeches, but does not contravene rules concerning proceedings. Fill or kill - Also FOK, on the stock exchange, an instruction received by a broker from a client to buy or sell specified shares immediately or not at all.
Filofax - A personal organiser and the name of the company which makes it , which was very popular in the s, with pages which can be easily removed or added. This product was associated with 'Yuppies'. Finance - To provide or obtain funds for a business, commercial project, an individual, etc. The management of money.
To sell or provide goods on credit. Financial Engineering - The practice of solving financial problems or creating financial opportunities in a company, by changing the way money is borrowed, debts paid, etc. Financial Equity - The ownership of interest in a company, usually in the form of shares. Finite Capacity Scheduling - A process in which a computer program organises tasks, matching the resources available to the most efficient way of production. Firewall - A system in a computer which prevents unwanted or unauthorised access, but allows the authorised user to receive information.
Firmware - Describes the fixed programs, which cannot be lost or changed, in electronic devices such as digital cameras, calculators, remote controls, etc. First Mover - A business that gains an advantage by being the first to establish itself in a specific market by producing a new product or offering a new service, or by being the first to use new technology. First Order Of Business - The most important task to be dealt with.
Fiscal Drag - A situation in which wages rise because of inflation but income tax thresholds are not increased, which can push people into higher tax brackets and therefore makes them pay an increased proportion of their wages in tax.
Fiscal Policy - A government policy to regulate a nation's annual economic activity by setting tax levels and determining government expenditure. Five Nines - Refers to the Fixed Assets - Assets, such as property, equipment, furniture, vehicles, etc. Fixed Costs - Costs, or overheads , which are incurred by a business whether or not it is operating or generating income, such as wages, rent, insurance, utilities for example electricity, gas, water , etc.
Fixed Parity - In foreign exchange, when the currency of one country is equal in value to the currency of another country. A contract of employment which ends on a specific date, or on completion of a task or project.
Fixed term employees have the rights to the same pay, conditions and benefits as full-time employees. Fixer - A person who makes arrangements for someone else, usually for a fee, by using their influence and often underhand, illegal methods. Flame - To send a rude or unacceptable message by e-mail, or to post a message on an Internet forum which is offensive or inciteful.
Flash Drive - A small portable device such as a 'pen drive' which connects to a USB port on a computer and is used to store data which can then be transferred to another computer. The term flash drive derives from 'flash' memory, invented by Dr Fujio Masuoka of Toshiba around The name flash apparently, according to Wikipedia, was suggested by Masuoka's colleague, Shoji Ariizumi, who likened the memory erasure function to a camera flash.
Flash Mob - A secretly-planned usually via modern computerised social networking technology , quickly-formed, organized group of people, assembled to engage in a quirky activity, typically for the amusement and entertainment of the participants. The expression is not new.
It originated in the s US underworld when it referred to a gang of thieves or confidence tricksters. The word flash has been used in various criminal contexts since the s and in the original s phrase flash mob, flash literally meant criminal.
The modern use of the flash mob expression naturally fits the notion of flash photography, a fast or fleeting appearance, a 'flash of inspiration', and especially the recent understanding of flash in relation to quick technology such as flash memory and flash drives.
See also mob. Flats - In the entertainment industry, these are painted canvas sheets fixed onto wooden frames used on film sets, etc. Flexecutive - A manager who works flexible hours, often from home using the Internet. A multi-skilled executive who can change tasks or jobs with ease. Flexitime - A work system in which employees work a set number of hours each week or month, but they decide when they are going to start and finish each day, usually between a range of given working hours.
Flight Capital - The movement of large sums of money from one of investment to another, or from one country to another, to avoid high taxes or financial instability due to political unrest. Flighting - A cost effective method of advertising. A commercial is scheduled to appear on TV, usually when viewing figures are high flight.
There are periods in between the flights when the commercial does not appear on TV hiatus. During the TV hiatus the product being advertised will often appear in newspapers or magazines, so the public is continually aware of it. Floatation - See definition for Flotation. Floor Limit - In retailing, the highest amount of money for a sale for which a debit or credit card can be used by a customer without authorisation from the customer's bank.
Floor Trader - Also known as a Local. An investor who is allowed on the trading floor of a stock exchange, to buy and sell shares, etc. Flotation - The process of financing a company by selling shares on the stock exchange for the first time.
Flyback - Also known as a Callback. A series of screening interviews for a job during which a person, usually a student, is interviewed several times, often on the same same day, by the prospective employer. Focus List - A list of companies, recommended by an investment firm, whose shares are worth buying or selling. Footer - In a report or document, a line or block of text that appears at the bottom of every page which is printed from a computer. Footfall is a crucial factor in retailing methods, and also in promotion and advertising which focuses on the physical presence - on foot - of consumers at a particular location.
Force Field Analysis - A technique developed by Kurt Lewin to support positive factors and decrease negative factors, as the result of a change in an organisation.
Force Majeure - A clause in a contract which exempts the contracting party e. The term force majeure is French, meaning loosely 'superior strength'. Fortune - Published by Fortune magazine, an annual list of the US corporations with the largest revenue. Forwarding company - Also called a 'freight forwarder', a company specialising in transfer of freight from businesses or individuals by finding an appropriate transporter of the goods. Forward Integration - A business strategy whereby a company takes control of its distributors, therefore guaranteeing the distribution of the controlling company's products.
Four-Colour Process - In printing, the use of four ink colours - yellow, magenta, cyan and black - which are combined together to produce the whole spectrum of colours. Fractional Ownership - An arrangement where a number of people or companies each buy a percentage of an expensive asset, such as a property.
The individual owners then share the asset, and when it is sold the profits are distributed back to the owners. Franchise - An authorisation or licence - effectively a business, which can be bought enabling someone franchisee to use the franchisor's company name and trademarks to sell their products services, etc. A franchise for a whole country is typically called a master franchise. Free Collective Bargaining - A situation in which workers and union members meet with employers to discuss working conditions, pay, etc.
Freeconomics - A situation in which companies provide certain goods and services for free, and those businesses who don't follow suit are likely to fail.
Freedom Of Association - The right of individuals to join together to form, or join an existing, group or organisation, including a union. Free Enterprise - An economic system in which private businesses have the freedom to compete with each other for profit, with minimal interference from the government.
Free Market - A market in which prices of goods and services are affected by supply and demand, rather than government regulation. Free On Board - Maritime trade term. The supplier delivers the goods to a ship at a specified port.
The supplier then pays the shipping costs after obtaining official clearance. Once they have been put on board, the buyer is then responsible for the goods. Free Port - A port where goods can be brought and stored temporarily, without custom duties having to be paid, before being shipped to another country. Freepost - A UK postal system, usually used in business, in which the recipient business pays the postage on mail, rather than the sender or customer.
Free Rider - A person or organisation that enjoys benefits and services provided by others, and doesn't pay their fair share of the costs. Freeware - Computer software that is copyrighted by the author and offered, usually on the Internet, free of charge. Free Zone - An area in a country where importers can store foreign goods, prior to further transportation, without having to pay customs duties or taxes on them.
Frictional Unemployment - Unemployment of people who are temporarily between jobs, changing careers, changing location, etc. Fringe Benefit - A benefit given to employees in addition to their salary, such as a company car, pension scheme, paid holidays, etc.
Front-End Load - A fee charged for an investment, for example an insurance policy, limited partnership, mutual fund, etc. The fee is made with the initial payment, and subsequent payments are therefore lower.
There are various FTSE indices indexes , including most notably the FTSE , which is the index of the top shares on the London Stock Exchange, whose movement is regarded as an important indicator of national and wider economic health and buoyancy. For Pareto enthusiasts the ' Rule' that's 3.
When economic commentators say the. The 'footsie' is owned and operated by FTSE Group, which is basically a provider of economic information and data services, especially about stock and commodity exchanges. It is not likely that the 'Financial Times' origins of the FTSE abbreviation will be strongly acknowledged in future, given its change of ownership. Fulfilment House - A company which is paid for its services by another company, for example for dealing with mail, processing orders, etc.
Full-Time Contract - FT. A permanent or ongoing contract of employment in which the employee works at least the standard number of hours in a working week, usually Fungible - Describes goods or commodities which can be exchanged for something of the same kind, of equal value and quality.
Gagging Clause - A clause in an employment contract which prevents an employee from disclosing certain information about the company to the press, union officers, etc. Gagging Order - A legal order issued by a court to prevent the public reporting of a court case. Gainsharing - Also called profit sharing. An incentive system which enables employees to have a share in a company's profits.
Game Theory - Sometimes called Games Theory, this is a potentially highly complex branch of mathematics increasingly found in business which uses the analysis of competing strategies of for example market participants and their effects opon each other to predict and optimise outcomes and results. Relates strongly to cause and effect and chaos theory. Game Theory may also arise in military strategy. Gantt Chart - Developed by Henry Gantt in A type of bar chart which illustrates the scheduled and completed work of a project.
It shows start and finish dates, compares work planned to work done and tracks specific tasks. Gap Analysis - Enables a company to assess the gap between its actual performance and its potential performance, by comparing what skills, products, etc. Garden Leave - Also called Gardening Leave.
Term used when an employee's contract has been terminated but they are instructed by the company to stay away from work, on full pay, during their notice period. Often to prevent them from working for competitors during that time. Garnish - To take part of someone's wages, by law, to pay their debts, e. Gazump - In selling and buying property, a term used to describe when a purchaser has an offer accepted by the vendor but is then gazumped because someone else makes the vendor a higher offer which the vendor then accepts instead of the first person's offer.
Geek Speak - Technical language often used by computer experts which doesn't make sense to non-technical people. General Creditor - A person or company that lends unsecured money, so that the creditor is unlikely to recover much of the loan if the debtor goes bankrupt or does not pay it back.
Generation X - A term used for people born during the s and s, who are often described as disaffected and irresponsible. Gerontocracy - A government or political system which is ruled by old men elders. Get All Your Ducks In A Row - A term for getting organised, having everything in order and making sure all the small details are accounted for before embarking on a new project.
Get Go - From the start, the earliest stage of something. Used in the phrase 'From the get go. Giro - A system, used in some countries, of transferring money from one bank or post office account into another using a central computer. Giveback - An agreement in which employees accept a wage reduction or fewer benefits as a gesture of goodwill, usually because of an economic downturn.
The employees are often offered wage rises and new benefits at a later date. Glamour Stock - A company's shares, which are very popular with investors, because they have performed well on the stock exchange. Glamping - A portmanteau word meaning 'glamorous camping', for example staying in a posh serviced yurt a large Mongolian-style nomadic tent and eating luxury hamper foods. Glass Ceiling - An invisible barrier in the workplace which prevents women and minority groups from advancing to positions of leadership in a company, although some do manage to 'break through' the glass ceiling.
Glass Wall - An imaginary barrier in the workplace which prevents women and minority groups from being employed in other sectors of business or industry. Glitterati - Combination of Glitter and Literati. Glamorous, rich, famous people, often connected to show business.
Globalisation - The process of integrating nations, economically and socially, through free trade, international business activities, technology for example the Internet , etc.
Global Village - A term used to describe the whole world as a single community, connected by electronic communication systems, such as the Internet. Glocalisation - Global Localisation. A term used when an international company adapts its manufacturing methods, products or services to suit local conditions. Gofer - From 'Go for'. An employee who runs errands, as well as doing their normal job, usually in an office or on a film set.
A dogsbody. Golden Formula - In the UK, a term used to describe industrial action, or strikes, which are legal, i. Golden Handcuffs - Financial incentives or benefits given to a valued employee to ensure that they continue working for a company, and to discourage them from wanting to leave to work for another company. Golden Handshake - Usually offered to high-ranking executives in a large company. Gold Reserve - The amount of gold bullion or gold coins held by a country's central bank to support its currency and provide security for its international debts.
Gone To The Wall - Describes a business which has failed. Goodwill - The difference or premium which a purchaser pays, or which a seller asks, for a business or company compared to the 'book value' of its assets, typically representing intangibles such as brand value, intellectual property, talent, market relationships, etc. Over-estimating goodwill value, sometimes to an extraordinarily stupid degree, is a surprisingly common downfall of many big corporate takeover deals, when arrogance and blindness to market trends of the acquiring CEO and takeover team can lead to a reckless waste of shareholder funds and ruthless cost-cutting, post-acquisition, when performance, synergies and return on investment fail to reach required levels.
Googlewhack - Two proper words found in a dictionary which together produce just a single result from a normal Google search. A googlewhack tends not to retain its status indefinitely, and sometimes only fleetingly, because due to the strange popularity of the effect, googlewhacks are likely to be published on the web when discovered, which immediately produces a second occurrence.
Aside from the study of language and statistics there is no earthly purpose for this phenomenon, which apparently was first described by Gary Stock in and who runs a website dedicated to the concept. Grace - A period of time given to a debtor to enable them to pay an overdue bill or loan, or extra time given in a contract for a piece of work to be finished.
However, with the new Creative Cloud release it has become more versatile and is now a staple for print designers, web designers, video professionals and more. Read more. Debbie Dragon. Using Technology to Maximize Efficiency. How many times have you heard the saying, "time is money"? It's never been more true for the small business owner who simply can't afford to waste time.
Technology offers countless opportunities to maximize efficiency within your business operations, Ravinder Kapur. Uh oh! You're not signed up. Close navigation. Term of the Day April 12, Fairness and impartiality towards all concerned, based on the principles of evenhanded dealing.
Equity implies giving as much advantage , consideration , or latitude to one party as it is given to another. Along with economy , effectiveness , and efficiency , Read more. Debbie Dragon. Writing a Business Plan: A formal business plan is an important document for any business. Entrepreneurs just starting out may find putting their thoughts, goals and in some cases dreams to paper an intimidating process.