Category: F

A group of people, usually employees, that includes recognized income sources for paying income taxes based on all 40-hour, regular wage jobs. Contrast to informal sector. TLD Example: His primary source of income

Several types exist. (1) An English auction is the most common style. Bidding begins at the seller’s minimum acceptable price. Every new bid increases the price. Each bid is a fixed increment.

Commodity and currency markets hedge against sharp price fluctuations. Future, forward delivery market for commodities, currencies, and securities. Prices are agreed on today, setting the date of making the contract. Refer also

A receipt for the goods shipped with other cargo as one consignment, typically a full container. Consolidation is done to take advantage of better freight rates. Freight forwarder or consolidator issues it

Time. The three dimensions of length, width, and height are required for locating a point in space. This fourth dimension is required for locating an event at that point.

The beginning and end of a transmission packet. Scopes a variable-size packet of data bits in a particular format. Codes, called flags, delimit this scope. This scope usually contains its own control

Intentional illegal use of the business practices of contracts and marketing to essentially steal product, money, assets from another entity. Defrauding creditors using a deliberately designed business activity. For example, knowing that

While enjoying insurance coverage, a new policy-owner is allowed to review and return a policy for full refund of the paid premium. Typically, a 10-day period. Known also as free look period.

A reply coupon or discount voucher inserted in a newspaper or magazine as an advertising brochure, card, or leaflet.

The practice of liberal salvage, product reuse, bartering, and making products by hand. It is a lifestyle encouraging minimal consumption and little use of a capitalist economy.

Shipping industry term. Tariff class when paying one freight rate of a pooled collection of different goods for shipping. Also known as a consolidated shipment.

Advertising program by an airline for rewarding repeat, oft-airtravelers with mileage toward free flights and other goods and services. Also refer to frequent lodger program.

Hotel or restaurant’s customer reception desk.

Less advanced and mature developing countries’ capital markets. Seen as more risky, yet, payoff can be high. These investable stock markets are not as strong in emerging markets.

A place where orders are received, picked, packaged, and readied for delivery to the customer. Sometimes these location are independent third-party outsources used to complete taken orders.

Retailing a product family with relative prices and package discounting the line. Also refer to product family.

A person working 35 to 40 hours each week, every week. Refer to salaried worker.

Capable of performing one or more practical activities. Synonyms are worthwhile, useful, working.

Another name for business process improvement.

Another name for undifferentiated products.