Category: P

The introduction of a new product into the market. It signifies the point where buyers have access to the product for the first time.

The main reason behind involvement of a large number of people in enterprising sector.

A mode of financing the project where the repayment is based on the cash flows after the completion of the project and the fixed assets involved in the project are kept as

Used in marketing to highlight a product and promote it to the general public by advertising and publicity. It is a way to increase sales in a particular category as it is

This property relates to items such as furniture and other office supplies that are not included as either property or money that still have some value to the owner. It is used

This is the software that is protected by copyright laws and patents that belong exclusively to the publishers and developers of said software. This software cannot be copied without permission and is

This is carried out by a country in order to protect its own products against the importation of inferior and cheaper products. This is done by placing high duty tarrifs on goods

This is a server that acts as a firewall between an internal server and an external server. For example a company will use a proxy server to the internet so its original

The unsealing and reading of sealed bids that have been received in respinbse to an invitation for bids. Any interested member of the public as able to attend a bid opening. Bids

Known in some counrires as crown land. This is land that belongs to the government who owns the title to the land. This land is not owned by a company or individual

Also known as a public service utility or corporation. A company that is publicly or privately owned that will provide a service to the public. They provide transport, communications and the like.

Commuinicating a document or a message by way of media such as print, radio and television. A document that goes through the publishing process that means it can be seen or read

A trust that is irrevocable. The assets of the trust are acquired by a certificate exchange of beneficial interest instead of assets. This is different from gifting.

An arrangement that is made to replenish the stock after it has been sold. The stock will come from a central distribution centre that distributes to variuos centres for sale. Often the

The fee paid for an employee by the company for an association with a particular organization or group

The steps that need to be undertaken during the preparation of the design or layout before it is printed. It includes color separation, preflight camera work, proofing, stripping, etc.

The total amount that is paid that is not inclusive of the various taxes. Such taxes are existent in all types of transactions. For example, wages, plans, investments are inclusive of pre-tax.

The place which is considered to be the main living location. Majority of the time is spent by the individual at the primary residence.

A program on the computer that allows softwares to send commands to the printer. The driver software is unique for every model and for every operating system and as such the correct

A small telephone exhange, usually a replica that is connected to the telephone company’s exchange and is installed at the subscriber’s location. The PBX is capable of handling hundreds of telephone connections