Category: Finance

1. A fee charged by banks to cover services or a penalty fee. 2. percentage added to a bill for tipping. 3. paid by tenants ofr general maintenance and cleaning of the

Service-product mix where both goods and services are provided and the service quality is more important than the product or goods.

Wastes resulting from, 1. over production, 2. waiting for next job, 3. unnecessary movement of material, 4. over processing due to poor design, 5. inventories bigger than the requirement, 6. unnecessary worker

A legal document that is issued to show proof of any ownership in a business. A paper share is being replaced by electronic shares.

A card or sign that brings products to the attention of the customer. Also known as a shelf screamer.

A form documenting all of the goods sent out against a particular order.

The detail drawings that show how a propsed material will be shaped and assembled to produce a finished product.

An SEC ruling that will prohibit the initiating of a short sale at lower prices than a previous sale. It is to prevent panic that is responsible for a market crash ike

A short range plan that has a short horizon of 5 years or less.

1. A percentage in short fall of a planned output amount. 2. a percent of inventory lost due to errors, theft and spoilage or waste.

A person who places their signature on an agrrement that causes them to be bound by the terms of it.

Latin- without which not. A thing that is absolutely indispensible or essential.

The method that is used to save money that will be used for a future payment of benefit where the money is paid direct to an insurer or into a trust fund.

The preparation of a work site or web site that enables it to perform its intended function.

The range of abilities that are needed in order to perform a specific task. Jobs requring a lot of different skills are said to need a high skill set.

A measurement of being able to move inventory during a small period of time.

A group providing help to small businesses in the USA, from loan programs, coun seling, deuactional opportunities to contract negotiation.

Used in marketing when demand is exceeding production ads and promotional material are withdrawn from the market until production has caught up.

A person working in ideas and innovations to improve the life of others and society.

A philosophy in business that takes the well being of a society into account as well as the customers’ satisfaction.