Category: P

A commercial paper that has very high ratings is called a prime paper in the financial markets.

The changing of a business’ operations according to the environment or vice versa, depending on whichever change involves the least effort and cost.

The requirement of an approval from the state before the interest rate is changed.

A firm that is incorporated, the shares of which are not listed on a public stock exchange. The shares are however held by a small proportion of stockholders.

An industry that is composed of private companies. The corporate sector and the personal sector are encompassed in the private sector and they are responsible for the allocation of the majority of

A type of reinsurance wherein the losses and premiums are shared between the reinsurer and the ceding company.

A court mandated bond that protects the assets that are given by another individual.

The evaluation of inventory that is based on the cost of manfacturing a good or service. Both direct and indirect costs are taken into account in the process cost system.

A microchip that is present in the hard drive of the CPU that is the primary source of commands for the computer system. They vary in sizes and functionality. The higher the

A market strategy that aims to introduce new products based on the improvements made to pre-existing products.

The conception of a product with new or different charecteristics that provides additional or new advantages for the buyer.

A set of similar products that yeilds higher revenue when marketed together than if they are marketed indiviually or in seperation from others.

The processes involved in the transformation of raw materials into the finished product through the handling of the varies assemblies.

1. A person, who is a member of a professional body due to the education qualification and follows the prescribed moeal and prefessional code of conduct. 2. A person who has mastered

A form of insurance on the property or assets, which assist a firm in realizing the profits. Insurance company insures the amount of income lost due to any damage to the property.

Is is the ratio of cash flows to the initial investment. A value more than 1 points toward a high returns project and lower than 1 reflects low returns project.

Instruction given to a computer by the programmer by the means of a particular langauge.

A group of employees who review the principles, techinical aspect, functioning and machinary in a project.

This is where a combination of media advertising and publicity types are used to promote an item. All media such as televison ads, radio ads, newpaper ads and billboards could be used.

A message that is aimed at a specific audience that will try to change their thinking to that of the person releasing such propoganda. It will often contain disinformation to promote a