Asset-stripping :
The process of buying an undervalued company (usually in financial
difficulties) with the intent to sell off its assets for a profit.
Blind test:
A technique used in market research for obtaining the opinions of
consumers on a product where all of the product’s identifying marks are
removed.
Brainstorming:
This term refers to the free generation of ideas by the members of a
group for the purpose of solving a specific problem.
Break-even point:
The point in an organization’s financial life at which expenses and
revenue are equal.
Benchmarking:
Benchmarking is the process of comparing one's business processes
and performance metrics to industry bests and/or best practices from other
industries. Dimensions typically measured are quality, time, and cost.
Bureaucracy
A term that describes an organization that has
(a) a clearly defined hierarchy with top-down authorization management,
(b) highly specialized responsibilities, roles and tasks for its
members,
(c) a heavy emphasis on rules and procedures.
buyer’s market:
A market situation in which buyers have more power to influence
prices and conditions of sale than sellers, usually because supply exceeds
demand.
Performa invoice:
An invoice sent in advance of shipment, usually to enable the buyer
to obtain an import permit or foreign exchange permit, or both.
Budget:
Allocation of funds or the estimation of costs for a department,
project, etc., over a specific period.
The management of spending and saving money.
Buyback:
The buying back of goods by the
original seller, especially a form of borrowing in which shares are sold with
an agreement to repurchase them later.
Asset:
Anything of value which is owned by an individual, company, organization,
etc.
Lemon:
A defective product which is poor quality and fails to function as
promised.
Guru:
An influential teacher or an expert in a particular subject who
shares their knowledge, often by writing books.
Amortization:
The repayment of a loan by installments.
Directing:
Guiding and leading people.
Globalization:
The
process by which businesses or other organizations start operating on a global
scale.
Entrepreneur:
A person starting a new company who
takes on the risks associated with starting a new and may require venture
capital to cover startup costs.
Joint venture:
An agreement between two or more firms
to undertake the same business
Just in time:
Denoting a manufacturing system in
which materials are delivered immediately before use in order to minimize
storage costs.
Command economy:
Economic system in which the means
of production are publicly owned and economic activity is controlled by a
central authority.
Operations research:
A method of mathematically based
analysis for providing a quantitative basis for management decisions.
