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

AGENTS TECHNOLOGY

A computer program with AI or artificial intelligence that learns and automates processes.

AGENT’S TORT

The nonagent party is liable for their agent’s actions. This is for normal day to day business.

AGGLOMERATION DISECONOMIES

The loss caused by agglomeration. The usual reason is not knowing how the other company works due to it being in an unrelated field.

AGGRAVATING CIRCUMSTANCE

A condition that makes the accused more liable. The more severe punishment is given to cases with brutality. Refer to mitigating circumstance.

AGGREGATE PLANNING

planning for 3 to 18 months only. Manufacturers use this to reduce mixing input in products.

AGGREGATOR

A party that organizes things in to similar groups.

AGGREGATOR MODEL

Ecommerce model that takes information from several similar websites. This helps design a site that will attract customers. Refer to affiliate model.

AGGRESSIVE

Taking greater loss to possibly make a greater profit that does not rely on chance.

AGILE ENTERPRISE

A fast growing firm that changes in a market. It keeps itself competitive. Authority is given to departments to speed up information flow.

AGING

The slow process that changes physical agencies for either the better or the worse.

AID

When a foreign country asks for help financially after some crisis. There is a net inflow of foreign funds in the country.

AID PACKAGING

Arranging the funds of a project so that more than one source of financing can be used.

AIDA SELLING SYSTEM

Stands for Attention Interest Desire and Action. It is used to train employees. The employee must make a customer aware of the product, nurture interest shown, push the product, and encourge the

AIDED RECALL

Testing ads for their memorability. A subject is shown an ad and asked what they remembe about it. They are also asked if they saw it before.

AIM

1. an attempt to reach a goal. 2.a goal

AIR CARGO

Any good that gets to its destination by air. The incorrect term for it is air freight.

AIR EMISSIONS

When pollutants are released into the atmosphere by a source. A car or factory chimney can be a source.

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