The computation by customs of the value of merchandise considering production cost, overhead, and packaging costs.

A machine with digital circuites that uses data and performs functions based on instructions.

Software that checks equipment availability to help make a plan for processing.

Taking abstract math and making computer simulations. AKA computer simulation.

Software and hardware that like the computer and phone.

Combining hard and soft ware to monitor equipment in the manufacturing process.

An expansion due to products and markets that similar to the current product.

An industry with few large firms. Refer to fragmented industry.

Focusing on the market niche for growth. Refer to differentiated marketing and undifferentiated marketing.

The amount of a substance in a mix in a volume of liquid.

The market shares that are owned by the largest firms.

The RISK of loss arising from a large position in a single ASSET or market exposure. An excessive concentration can give rise to LIQUIDITY RISK or MARKET RISK losses.

When a business sticks to a single market. The loss is more but compeition is increased.

A computer network with many ports that can bridge and route services on many networks.

When a company buys new products to get into new markets.

1. a short clear statement in an ad. 2. a clear description of the product to get customers attention. 3. the strategy behind an idea.

A firm that gets more business based on what is does not how much it does.

The product development stage when consumers are surveyed regarding the best features of a new merchandise idea.

The use of a search engine that follows a certain formula to retrieve resources that are related to a keyword.

A testimonial offered to a prospect in an attempt to convince them that a firm has a resolution to their problem.