Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: S

STOCKOUT

Situation where demand or requirement of an item can’t be filled from current inventory.

STORAGE

1. Goods and materials that are not in transit but in long term containment, holding or placement. 2. Managing warehouse’s and store houses. 3. Cost of storing.

STRATEGIC STOCK

Large stock of essential materials and goods to withstand a long period of scarcity caused by a natural disaster, war or strike action. See strategic stockpiles.

STRIP DEVELOPMENT

Commercial development where each establishment has road access and parking area access. Also known as a strip mall.

STYLE BOX

System of classification used by Morning Star assisting investors with allocating assets.

SUBJECTIVE

Related to or based on beliefs, attitudes and opinions instead of verifiable evidence. In contrast to objective.

SUBPROCESS

The number of tasks that are needed to accomplish a significant part or a stage in a process.

SUBSTITUTES FOR LEADERSHIP

Factors of a work setting that encourages common efforts to achieve organizational goals. Takes place of active leadership.

SUGGESTIVE NAME

A trademark made up of words or word parts suggesting but not to describe the service or good. See descriptive name.

SUNDRY INCOME

Income from man unpredictable source or from revenue outside a company’s primary business.

SUPPLY SYSTEM

The methods, equipment, facilities and people employed in the timely and accurate provision of all items needed for a process, project or program.

SURPLUS LINES

The risk that can’t be insured by agents in its jurisdiction.

SWEAT EQUITY

1. Increased business worth created b y unpaid mental or physical work of the owner or founder. 2. Increased property value created by work of the owner to enhance looks or amenities.

SYSTEMATIC

A methodical and repeatable procedure. Do not confuse with systemic meaning system wide.

SPECTRUM

The range of frequencies of electro magnetic waves.

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