TRADING UP
1. Increasing number of product features, quality improvements, increasing support services to justify a higher price. Trading down is the opposite. 2. Selling type where a customer can be persuaded to buy
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. Increasing number of product features, quality improvements, increasing support services to justify a higher price. Trading down is the opposite. 2. Selling type where a customer can be persuaded to buy
Extent where skills and attitudes are acquired in a training program and can be transferred to the working environment.
Small solid state semi-conductor that regulates flow of electric current.
Processor of programming language converting a computer program from one language to another.
Graphic tool that breaks down components and then maps them all out creating a diagram looking like a tree growing.
Taking place of trade in 3 countries or regions.
Agricultural products that are exported by countries in tropical areas.
1. Accounting. Leaving off digits that lie to right of a decimal point. 2. Banking. Shortening processing time of cheques. 3. Computing. Cutting off the last string number as it is too
Hotel room service where a room is freshened up and beds are turned down when guests are away from the room.
Pay structure where wages paid to senior workers is different to wages for new workers.
Types of complex situations (1) Apparent complexity, (2) Detail complexity, (3) Dynamic complexity, (4) Inherent complexity.
Compensation for work completed where the price paid per piece increases with the number produced. See Taylors.
Process where the technical integrity of the process, product or system in maintained and monitored.
High capacity and speed of long distance communications comprising computers, cables, switches, satellites etc., linking remote sites.
Process used to toughen a material, glass, metal, alloy that makes it more able to resist stress by heating, submitting to constant temperature or cooling. Opposite of annealing.
Resistance to being elongated and is the maximum stress that a material can stand before it fractures or is deformed permanently. Also known as tension.
Person diagnosed with an illness to die soon.
the person to receive a beneficiary if the first 2 beneficiaries are deceased.
Interpretation according to the clear and ordinary meaning or words in a text.
Commercial heat unit. One thermo =1000,000Btu, 97 cubic feet of natural gas, 29.3 kWh.