Category: P

A general method of predicting the requirements of cash, commonly done by expressing the expenses and the revenue as a percentage of the sales, and then using the percentage as an income

In a supply or demand curve, the appearance of infinite price elasticity is known as being ‘perfectly elastic’.

A tenant whose agreement continues from one period of lease to another until and unless terminated by the land owner himself through a statutory notice is known as a period tenancy.

Known as a perpetual injunction, a permanent injunction is one which is granted after the trial hearing is complete. It is not levied on a permanent basis.

The percentage by which the policies of an insurance company remain enforced, without any lapse or replacement on the part of other insurers.

The right of freedom of a person to behave as they would like. Though following the conduct code of the society in which a person resides is important.

Any fungi, insect, weed, nematode, or any member from the human or aquatic zone that can be harmful to the health of human beings, or damages logging/ agricultural activities.

A committee formed with doctors, who give advises and contribute to the overall health plan, giving information regarding different drugs, and their proper usage.

An alloy of copper which contains 4-10% tin, and

A legal document which provides guarantee on the part of the exporting country, stating that the agricultural shipment has been thoroughly checked, and contains no plant diseases or any dangerous pests.

A simple method of promotion in which a firm would begin selling another firm’s product as a ‘bundle offer’. The other product is one that does not compete with the firm’s original

In chemistry, pitch is another term used for asphalt. In mechanices, pitch is the distance between two adjacent openings of a gear. In the travel industry, pitch is the empty space situated

The materials used within plants, either directly or indirectly for the production of goods or services.

A kind of fund in which all of the members are generally trying to achieve a certain goal. Usually, in such a fund, the contributions are clearly defined.

A point at which th e number of input at a marginal product is at its peak. After this point, it begins to reduce.

The set of guidelines, as well as long term goals which are taken in to account when policies are being made. These give the direction in which the firm is moving.

A geographical area created, with limits that are created in accordance with the streets as political limits, and has clear physically visible characteristics.

A method by which entrepreneurs establish retail outlets on a temporary basis. Commonly, pop up retail methods are used to set up temporary outlets in untested markets by large corporations. This helps

Getting a portfolio reinsured until the period of time until all of the existing premiums have been paid.

A term from the decision theory, where nobody is a winner at somebody else’s expense, while the sum of all winnings as well as the incurred losses is a positive figure.