Category: R

This number, found by dividing the total sales revenue in a given period by the average inventory, is the number of times that a firm sells out of its merchandise.

This process is necessary if the items in demand outweigh availability. A governing body will control the issuance of the goods to the public. Rationing takes place during wars and severe economic

Readiness is the state of being prepared though people, systems and organizations to meet a situation and carry out the proper sequence of actions. It is based on thorough planning and training.

A payrate that is adjusted to account for the effects of inflation.

This term refers to the returning of something back to its original factory specifications, by carrying out replacement of parts or repair as necessary. See also reconditioning, refurbishing, and remanufacturing.

The first point of contact in an office; receptionists are seated at the entrance and do a variety of tasks including answering phones, distributing mail, signing for packages, office upkeep.

Re-calibrating and servicing equipment to bring it back to near new or original operational level. Reconditioned goods are often of later models and usually in better condition than refurbished goods.

Method chosen by an organization to restore operations to normal following a disaster. It includes (1) manual operations, (2) suspending data processing (3) arrange a service provider and (4) backing up essential

Opposite of black ink, this term signifies the colloquial term for a loss or a deficit.

This term refers to that which goes beyond what is natural or ordinarily necessary

This term refers to the strategy in which a product is sold at a price just below its main competing brand.

The process of keeping an item below room temperature by storing the item in a system or substance designed to cool or freeze. A refrigerator is the most commonly used storage item.

Imposed limitations on the activities of a firm in compliance with the requirements of a regulatory agency.

Relative purchasing power parity relates the change in two countries’ expected inflation rates to the change in their exchange rates. Inflation reduces the real purchasing power of a nation’s currency. If a

The depositing of additional cash into a margin account to meet the minimum margin needs. See Margin Call.

A type of property that derives more than 80% of its revenue from dwelling units. Residential rental property uses the 27.5 year modified accelerated cost recovery system (MACRS) schedule for depreciation.

The changing of a brands status or position among the competing brands. See positioning.

Basic or applied method of increasing the knowledge by finding new information.

The time that is taken to complete a project relying on time taken to group all resources and not the actual time that is available.

The amount that is charged by the seller for the acceptance of ay merchandise that is returned for a refund.