Category: C

When a business sticks to a single market. The loss is more but compeition is increased.

A business is set up in a location with the understanding of being the only firm offering a particular commodity.

The possiblity that an item will not work during a time if it is still running at the time of that specific period.

Preparing taxes that lets deductions, income, and claims pass from one to another. It prevents double taxes.

1.following a standard. 2. filling a contractual obligation

A situation where a less productive member of the team holds the rest of them back.

A forecast that different departments add their forecast to, to reflect all levels of management.

Abbreviated form of Consolidated Fund Annuities, representing PERPETUAL DEBT issued by the UK government as part of its GILT program. Consols, which form part of the government

An industry where units are of comperable cost regardless of volume or growth potential. Input costs don’t go up when demand does in this case.

Teaching idea that considers learning what happens in the students brain based on their own thoughts being related to a new experience. They each make their own models of the world to

The way a customer buys from a business on the internet.

Preventing the consequences of a bad event in a company.

Charging commission based on profit from reinsurance. The ceding company gets this plus the normal commission.

The way a business manages their system without disrupting their services or delivery. A computer program is often used for this purpose. If the company handles data or communication needs it must

Sum agreed upon during deal dialogues, outside which the main (customer or project proprietor) has no duty to pay.

Procurement article conclusively specified in a request for bids or IFB paper. The bidder is expected to give separate pricing for this item. Deals for line articles may, under the conditions of

An entity or a person who grants a deal for an assignment and takes the responsibility of paying the contractor. Also known as principal, client, contractee or owner (project

Contract year is the amount of time between the effective date and the expiration date.

A formula which shows the amount an employer would pay for any plan of profit sharing. This formula could also be used for plan related to purchasing money.

A provision detailing what portion of a claim the insurer pays and what portion the insured pays.