Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: C

COMPRESSED GAS

Gas, or a combination of more than one gas that is stored at an excess of 40 PSI – pounds per square inch – maintaining a temperature of 37.8 degrees Celcius goverened

CONCEPT TEST

A written presentation of an invention given to investors in hopes of convincing them that a product is worthy of their interest. Refer to concept optimization.

CONCRETE

Material used by Romans to make things. Its made up of coars aggregate, fine aggregate, portland cement, and water. Air is also an element used in mixing the ingredients. Steel can be

CONFIRMATION BIAS

Filtering information to suite a preference and reject the rest. Refer to cognitive bias.

CONGLOMERATE BOOM

The time of merger in the late 1960s. Businesses were not able to make it alone so they grouped together. Technology and defense companies inflated the stock value reaching some profit.

CONNECTIVITY

The amount the components are connected to eachother and the speed they can work together.

CONSERVATISM

An idea that supports free enterprise capitalism, traditional ideals, mininal government help, strict law, and gradual change. It started in 1750 and ended in 1850. It is nondoctrinated approach and practical outlook

CONSPICUOUS CONSUMPTION

A luxury spending that is targeted for psychologial craving or status. Thorstein Bunde Veblen first used the term.

CONSULTATIVE SELLING

Selling where a salesperson is a consultant. They help the buyer find their need and suggest products to them.

CONTAINER LOAD

The volume that can be shipped in a container without going over weight. There is a standard measure for this.

CONTESTABLE MARKET

A market that lets entry or exit occur at any time. It has a few businesses in this market leaving room for new members. If some profit is made than more businesses

CONTRA MARKET STOCK

An opposing movement of a stock compared to the general market such as an electric company stock increasing in value during a recession.

CONTRACT EMPLOYEE

A worker who works for a person under a contract. Contract employees are hired for performing definite jobs at a given rate. Contract employees do not add to the regular staff and

CONTRACT NEGOTIATION

Action of two (or more) parties consulting about a possible arrangement of partnership. Their goal is to make an agreement that will be advantageous for all parties involved. Talks may go on

CONTRACT RISK

1. Possibility of loss incurred due to the buyer abrogating the contract, and not because he is unable to pay. 2. Possibility of loss incurred from failure in deal performance. Vendors are

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