Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Strategic planning to improve competitive performance, usable by any firm in any market or industry. Differentiation strategy, focus strategy, and low cost strategy are three fundamental marketing strategies not mutually exclusive.
Boring, sampling, and testing the soil strata below ground. Investigation analysis to establish compressibility, strength, and other characteristics of the strata. This is done as input to a construction project, preparing a
Equivalent to: 1.34 million horsepower or one thousand megawatts or one billion (10^9) watts. Supply enough power to a medium size city. A unit of electric power.
Prohibited commercial banks from investment speculation. Speculation caused the collapse of many banks during the Great Depression. Became US law in 1933. Today, banks own brokerage firms and mutual funds and act
To provide satellite ranging, a system of 21 US satellites orbit earth twice a day at an altitude of 10,900 miles. Accurate to within a yard if supplemented by a ground-based transmitter.
Brief definitions related to a specific topic alphabetically arranged for reference. Known also as controlled vocabulary.
A good’s or service’s price in today’s market.
A part of the compensation package offered, such as large bonuses or company stock options, seeks to keep executives in their current positions when their company is acquired.
Measuring goodwill value over total asset value. Quantifies an intangible for monitoring. As in the saying of too much of a good thing can be bad, too much goodwill can financially impair
Students applying to business schools take this standardized exam. Before applying to a university’s MBA program, 2000 or so schools expect or recommend students to take this exam. Like SATs, this test
Representing or depicting an item as an image visually.
Environmental focus as an economic section that correlates relational impacts of economics and environmental positives. Each economic decision must have a focus on the environment is a foundational principle. Economic focus in
Un-adjusted, total calculated operational revenue. Pre-expense deduction.
After being translated into US dollars, this is the international equities and convertible securities price value .
Another name for gross registered tonnage (Refer to tonnage).
Reductions in costs, increases in productivity, progress in attaining firm’s objectives and the like are measures of performance linking pay to the compensation system.
A mortgage bond that passes through the Freddie Mac purchasing process. It is resold to investors. Incremental principal is sold and interest is paid semianually. Principal is paid annually.
Words printed on the top of a page in a reference work to help the reader find a word they are looking for. It is on the left or right hand page.
The analysis of hazards and control points. It can relate to food and its possible health hazards in its distribution. It prevents contamination and uses food inspectors to do the work. It
A way of selling that harms a customer. AKA high pressure selling.