The structure of firms and its independent agents for commission payment distribution.

A short term loan the IMF advanced by the Compensatory and Contingency Financing Facility. The member can cover shortfall due to an unpredictable circumstance.

When an employee is chosen based on what they can do rather than what they can’t.

Getting time off rather than overtime pay.

Selling between two countries that doesn’t involve money but goods. AKA countertrade.

1. related skills and knowledge a person has to do a job. 2. the person’s ability to understand and react. It is settled by a judge. AKA legal capacity.

Training employees based on their current skills and where they need to be to get the job done. It leads to good hiring practices.

Using assertiveness and minimizes cooperation.

When an agent sells stock before its available on the market.

A UK body established in 1998 that ensures antiMONOPOLY and free competition rules are upheld, particularly as related to MERGERS and ACQUISITIONS. The work of the Commission is nonbinding and must be

A policy started in 1984 to get competition for government contracts. The more competition the more saved on prices.

The way pricing is done when a seller uses a competing product rather than the supply and demand.

An offer that is just as good as what else is out there and is an attractive buy.

When a company gets the upper hand because is of similar value and a lower price than its competition.

Comparing the performance of a firm and its compeition to find the reason for the difference.

The never ending process of comparing one firm to their competition.

A BID submitted in an AUCTION MARKET process that is placed in direct competition with other bids, meaning it will only be filled if it ranks at, or near, the highest price/lowest

An UNDERWRITING of a NEW ISSUE of securities that is awarded by the issuing company to the UNDERWRITER that proposes the most favorable terms (generally a combination of lowest YIELD, lowest fees,

Bidders from the treasury that are usually banks.

When contractors bid on jobs. The two ways of bidding systems are open to everyone and closed to only specific groups. Refer to competitive negotiation.