The process of buying an undervalued company (usually in financial
difficulties) with the intent to sell off its assets for a profit.
A technique used in market research for obtaining the opinions of
consumers on a product where all of the product’s identifying marks are
This term refers to the free generation of ideas by the members of a
group for the purpose of solving a specific problem.
The point in an organization’s financial life at which expenses and
revenue are equal.
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.
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
(c) a heavy emphasis on rules and procedures.
A market situation in which buyers have more power to influence
prices and conditions of sale than sellers, usually because supply exceeds
An invoice sent in advance of shipment, usually to enable the buyer
to obtain an import permit or foreign exchange permit, or both.
Allocation of funds or the estimation of costs for a department,
project, etc., over a specific period.
The management of spending and saving money.
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.
Anything of value which is owned by an individual, company, organization,
A defective product which is poor quality and fails to function as
An influential teacher or an expert in a particular subject who
shares their knowledge, often by writing books.
The repayment of a loan by installments.
Guiding and leading people.
process by which businesses or other organizations start operating on a global
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.
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
Economic system in which the means
of production are publicly owned and economic activity is controlled by a
A method of mathematically based
analysis for providing a quantitative basis for management decisions.