Category
page 3Business terms
cannibalization
economic concept
sales management
business discipline
safety stock
extra stock that is maintained to mitigate risk of stockouts caused by uncertainties in supply and demand

promoter
individual or company that promotes live entertainment events
secured loan
type of loan with collateral pledged

customer retention
ability of a company or product to retain its customers over some specified period

churn rate
measure of the number of individuals or items moving into or out of a collective over a specific period of time
patent pool
Consortium in patent law
business rule
rule that defines or constrains aspects of business, asserting business structure or to control or influencing the behavior of the business, applying to people, processes, corporate behavior, computing systems
free cash flow to firm
corporate financial tool
business ecosystem
network of interconnected organizations
Vision statement
inspirational statement of an idealistic emotional future of a company or group
fine print
text in a small size
shareholder value
business term
diplomatic correspondence
correspondence between a state, nation or sovereign with another
time to market
length of time it takes from a product being conceived to its being available for sale
political risk
complications businesses and governments may face as a result of political decisions
lemonade stand
common business
Zero Defects
business programme aiming to ensure no defects in quality
business partner
commercial partner
affinity diagram
The Affinity diagram is a business tool used to organize ideas and data.
Galápagos syndrome
term in business studies on product development
value proposition
promise of value to be delivered, communicated, and acknowledged
profiteering
Profiteering is a pejorative term for the act of making a profit by methods considered unethical.
overhead costs
operating costs only indirectly related to production
midstream
thumb|Petroleum Pipeline System An overview of an oil pipeline system from the wellhead to downstream consumersthumb|Natural Gas Pipeline System An overview of a natural gas pipeline system from the wellhead to the consumerThe oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refi
corporate welfare
favorable treatment on the part of governments towards corporations
Build to stock
build-ahead production approach
Master production schedule
type of production schedule
virtual airline
airline which has outsourced most operational and business functions
adaptability
Adaptability ( "fit to, adjust") is a feature of a system or a process describing the capacity to adjust in response to new conditions. adaptability in the field of organizational management can be generally seen as the ability to change something or oneself under conditions of the environment. In ecology, adaptability has been described as an organism's ability to adjust and thrive under the conditions of its own environment, see adaptive behaviour (ecology).
Menu cost
Cost of changing prices
growth capital
type of private equity investment
personal selling
situation in which a sales representative meets with a potential client for the purpose of transacting a sale
frontier market
type of developing country which is more developed than the least developing countries, but too small, risky, or illiquid to be generally considered an emerging market
workspace
Workspace is a term used in various branches of engineering and economic development.
Hold-up problem
economic dilemma where two parties may be able to work most efficiently by cooperating, but refrain from doing so because of concerns that they may give the other party increased bargaining power and thus reduce their own profits
strategic partnership
type of business partnership
organizational memory
accumulated body of data, information, and knowledge created in the course of an individual organization's existence
Entrepreneurship ecosystem
System that supports the creation and growth of new ventures
business hours
hours in which a business operates
Management by wandering around
style of business management which involves managers wandering around, in an unstructured manner, through the workplace(s), at random, to check with employees, equipment, or on the status of ongoing work
workload
The term workload can refer to several different yet related entities.
Line of business
product or a set of related products that serve a particular customer transaction or business need
traffic management
branch within logistics; concerns the planning, control and purchasing of transport services needed to physically move vehicles
Henry Hub
gas distribution hub in erath
first-mover advantage
business advantage
career development
lifelong process of managing learning, work, leisure, and transitions in order to move toward a personally determined and evolving preferred future
Best alternative to a negotiated agreement
in negotiations, the best alternative to no deal
Social selling
practice where a brand’s social media channels are used to connect with potential customers
Business license
permits issued by government agencies that allow individuals or companies to conduct business
professional network service
type of social network
Kraljic matrix
Kraljic model
operational planning
IT management topic

control in organization management
function of management which helps to check errors in order to take corrective actions, minimize deviation from standards and ensure that the stated goals of the organization are achieved in a desired manner
Open business
business approach that draws on ideas from openness movements
Pac-Man defense
Tactic to counteract a hostile takeover
generic brand
generic trade brand
value stream
principle in economics
scheduling
the process of arranging, controlling and optimizing work and workloads in a production process or manufacturing process; is used to allocate plant and machinery resources, plan human resources, plan production processes and purchase materials