Category: P

The gap in the process cycle whereby the product is subject to manipulation.

1. A product that is its finished stage, usually at the end of a production cycle. It is usually what a user needs or wants. 2.Law: A good distributed commercially that is

The consumers take on a product evaluation which includes advantages and benefits, presentation, pricing, aim etd

A person in charge of managing activites and functions related to a certain product or type of products. Also called brand manager for consumer goods or services.

A concept in management wherein buyers prefer goods and services that are low in value and available everywhere.

A insurance policy to safeguard the interests of all the parties in a contract, which may be compromised during the manufacturing, distribution and servicing of a certain good.

Right or Privilege to use the resources belonging to someone else’s land for the motive of profit/

Difference between the total income minus total input cost. Often measured by price over earlning.

Individuals who write codes, which are transmitted to the computer as instructions. They must have the working knowledge of the lower and higer level to be able to instruct the machine well.

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

The subsequent checking and rechecking of a written document before it is sent to the printers. It includes checking of spelling, grammar, layouts, photos, headings and indexes in books, magazines, leaflets, pamphlets.

This is a complete listing of all of the property ans equipment owned by a company. It includes things such as buildings, machinery, capital leases, vehicles and all equipment with a life

This record contains any information that should be shredded before it is disposed of. All this information should be kept secret to the company and not be allowed to be viewed by

This is a system that allows for a reimbursement on an annual basis. The reimbursement will have been extablished previously and used in the coming years.

This is another party that is appointed to ensure that the benefactors wishes are being carried out as requested by the trustees. They don’t have alot of power but are able to

A takeover fight whereby two parties are trying to overtake the current organisation or control of a company by encouraging other members to back there particular takeover bid. It is usuallyaimed at

This is the setting of prices that is aimed at the market segment after the use of psychographic studies. A certain group or people may be prepared to pay more for a

A company whose shares can be bought and sold on the sharemarket or other types of over-the-counter-market sales. There are more regulations involved than with a private company but it does have

The laws that cover administration, constitution and criminal acts. It controls the actions betwen the citizens of the state and the state itself. It deals with the governments operation and structure.