Friction that happens when incompatible parties or differences.

1. a situation that can undermine a person due to self interest and public interest. 2. a situation when parties discharge responsibility to a third party.

A disagreement among nations or legal codes and different jurisdictions.

A certification that an item meets requirements and standards of a contract. Refer to compliance.

1.following a standard. 2. filling a contractual obligation

A mark that shows conformity with directives of the EU. It started in 1993. It is a mark showing it can do industrial work.

1. something that is hard to solve. 2. a situation that have many factors making them hard to separate. 3. the relationship when the cause is different due to the associations with

Adding quantities to make them hard to seperate.

A merger with similar firms but no mutual contacts for business.

The time of trading that happens at a narrow time without change in price. REfer to flat market and trading range.

Installing fee strucures for motor ways during high traffic. It is based on supply and demand but used in urban areas through electronic systems.

A corporation that is run like a single business but has several firms to keep things diverse.

The time of merger in the late 1960s. Businesses were not able to make it alone so they grouped together. Technology and defense companies inflated the stock value reaching some profit.

Diversifying by entering a new market with not relation to their own operations.

Controlling unrelated businesses at the same time.

A MERGER between companies from unrelated sectors. Conglomerate mergers, which were popular during the 1960s and 1970s, have been relatively rare since many unsuccessful deals were dismantled in the 1980s. Academic and

An agency that reports data about the federal budget for congress members. It gives an accuarate set of information to make good decisions about money and tax policy. Its a nonpartisan entity

The idea that a person is naturally not fond of pressure and want to be at peace with decisions made.

Research where customers trade off between two products. The most and least preferred analysis is used to evaulate the price an item should be.

When customers need minimal satisfaction for the product. If it does not deliver thean they will not buy it.