Guru - In films and TV, a supporting actor who has at least one line of dialogue, and who is usually listed in the credits. Emoticon - In films, TV, etc., a general crowd of people, extras. Equal Pay Act - An informal term which has become generally used in formal business/employment language, a 'gagging clause' is a clause in an employment contract, or more commonly a termination contract, which prevents an employee from disclosing certain information about the company or employing organization (typically extending to related organizations/interests) to the press, union officers, authorities, etc., and by implication also extending to the police. Compound Interest Perjury , and Bootstrapping - Also called yarnbombing, an intriguingly specialised type of peaceful demonstration and activism in which objects such as works of art, sculpture, railings, phone boxes, considered unattractive by the activists, are covered by knitting or crochet, usually at night, and mainly by young women. Cut-Throat - Not having enough finances or assets available to pay all your debts. Merlin Capitalization Issue Farmers are paid to keep land fallow rather than use it to grow produce. The bell curve is very commonly exhibited in sampling and surveys, where the vast majority of results/subjects/data tend to concentrate towards the average score, with incidence of variation above and below the average (shown graphically right and left) being roughly equal to each other, and much less than the incidence/results towards the average and majority. Affiliate - In the US, a savings or loan association. accessibility A franchise for a whole country is typically called a master franchise, and typically may include rights to operate as a sub-franchisor responsible for developing and managing a franchise network. - A system which allows employees to choose from a selection of benefits which may be tax-advantaged, such as retirement plan contributions, health benefits, etc., in addition to their salary. - An informal term for a cash dispensing machine, also called an ATM (automated teller machine). in sales training materials). Mouse Potato Jacuzzi, the brand, and the general reference to a bubbling hot tub, is named after seven Jacuzzi brothers, Italian US immigrants whose business developed in the early 1900s from aeronautics, though water pumps, to whirlpool bathtubs. The word 'dark' in this context alludes to the notion of a store not requiring the bright environment and highly visible presence and that we normally associate with traditional retailing. BOSCARDET - Also known as Clicks and Bricks. WATS - Acronym for 'Massive Open Online Course' - conceivably the future of most higher/further education globally - see Current Liability Allows a text message to be sent from one mobile phone to another. Registrar Consumer Watchdog - A tax which limited companies and other organisations, such as societies, clubs, associations, etc., pay on their profits after adjustments for certain allowances. Unsolicited - A type of credit agreement, e.g., a credit card, in which a person is given a specified credit limit which can be paid in full or in part, usually on a monthly basis. Fat Cat (NB This is entry is not a mountweazel, probably..). Abraham Maslow The act of loading cargo onto a ship. - The standard cost of basic necessities which people need to live, such as food, housing and clothes. Overtrading Tokenism The counter-argument is that in such circumstances the term 'genericized trademark' is contradictory, as it would no longer be a trademark. - Interestingly, in physics, plasma is the often overlooked fourth state of matter, aside from solid, liquid and gas. A system of management in which people from different departments in an organisation work together, so that each individual employee has two bosses, one functional and one operational. If you hear or read a term which does not make sense according to the definition in this dictionary, check elsewhere or ask the person what he/she meant. Telemarketing - Describes a company or business which has too many managers and/or administrators in comparison to the number of workers. Market Research The misleading use of reference pricing is an example of poorly developed and/or inadequately operated A fixed amount of something, e.g. in dividends. Socialism the sale of an asset which has lost value. - A method of testing a new product, usually medicine, in which neither the people trying the product nor those administering the treatment know who is testing the real product and who has been given a placebo containing none of the product. - This refers to the (generally very usual and unavoidable) stages that a product/service passes through from invention/development to maturity to decline until it becomes obsolete, usually because it has been superseded by competitive/replacement offerings, and/or to a lesser degree the product/service has saturated the market, i.e., everyone who wants it has purchased it. A system which allows people in different places to view and edit the same document at the same time on their computers. - A legal document which sets out how a partnership is to be run, and also the rights of the partners. Fault Tolerance Symposium (national or state-issued) currencies by the world's major financial merchants and institutions. Perishables Leave Of Absence - A legal right to take and keep another persons property until a debt has been paid by the property owner. - Describes food, such as fruit, meat, fish, dairy products, etc., which will decay or spoil rapidly. a loan or mortgage or an advertising campaign. - Also called Competitive Analysis. cattle market. - A person's name or another sort of name which is used as the name or title or brand for something such as a business or brand or book or other product or concept. (Gross Domestic Product)". Gainsharing Reinsurance Zero-Rated - Unfair prejudice or discrimination on the grounds of a person's age. Top Dog Photocall Alternatively, GDP may be expressed in terms of a population's total incomes, plus other items such as corporate profits and taxes on products/services. Ponzi Scheme Teleconference - The joining of two or more companies, organisations etc. Idle Time Partnership R&D On the Internet - a person who presides over a website forum to make sure that rules and guidelines are adhered to. . The cost-effectiveness of PPC (pay per click) is easier to predict and manage than CPI (cost per impression/view), but less easy to predict and manage than CPO (cost per order/transaction/sale). PRO Value Investor Advertising Standards Authority (ASA) - An informal term for a wealthy young person, who gives the appearance of being unemployed and living a Bohemian lifestyle in less than comfortable circumstances, but who is living off a trust fund. - Agreement or involvement or action by two parties, people, companies, countries, etc. In web marketing an affiliate normally receives a commission for promoting another company's products or services. Positioning Phi is used intentionally or instinctively in many different areas of design, for example architecture, music, and art. Amalgamate Operation Process Chart - A win-win situation in which both sides involved in a business transaction, etc., can profit. Separately the acronym - To offer more money than a rival for something, especially at an auction. E In other words, the balance sheet illustrates the business's net worth. Vertical Equity - To provide or obtain funds for a business, commercial project, an individual, etc. - The effect that a proposed project, such as a new building or development, will have on the environment. - A brand name or model of a well-known manufactured product, especially an expensive car. - Having well-shaped beautiful buttocks. Class Action Business Name The word derives from Latin 're' (back) and 'pro' (forward). A person who has invested capital in a company but does not take an active part in managing or running it. Industrialist . Asset Stripping Merger Here are some top marketing buzzwords you should know. . Warrant Many argue that planet Earth naturally self-balances its life and atmospheric situation over quite short periods, and particularly millennia, thus ensuring survival/continuity. - In computing, systems which receive information and update it at the same time. Output Tax - A legal relationship between two parties in a contract. Bonus Culture Market-To-Market - Money owed to another person or organisation, such as a loan, mortgage, etc., which is required to be paid back, usually with interest. - Called Voting Stock in the US. Advertising which consumers can see while they are outside, e.g. Official language, spoken or printed or online, which is intended to explain or justify or inform or clarify or instruct, but which actually confuses people instead, because it is phrased in a stupid or unnecessarily complex way. Subpoena - In business, organizations, politics, etc., a person who holds an important position or office but lacks real power or authority; a 'front man'. (people/person/member) - Also layman, or laywoman - Lay means non-professional, non-expert - ordinary member(s), of the public or of an organization, typically referring to religious communities, often relating to professions such as law and medicine, but potentially in any situation where non-professionals/experts are differentiated from qualified/professionals. Japanese securities exchange, the headquarters of which are situated in Tokyo. Pictogram - Latin for 'I Forbid'. Line Authority For larger corporations, especially big public corporations providing essential services such as utilities, transport, communications, etc., shareholder dividends can be highly controversial, because dividends are paid from profits of a which a portion must also be reinvested in the business for improvements, efficiences, growth, future liabilities, etc., and which also customers can argue could be used to contain or reduce prices. A series of screening interviews for a job during which a person, usually a student, is interviewed several times, often on the same same day, by the prospective employer. The Syndrome is named after the 1973 'Norrmalmstorg Robbery' - an armed raid on Kreditbanken at Norrmalmstorg in Stockholm, Sweden. False Bottom Total Quality Management GAAP is the standard that companies use to compile their financial statements such as the income statement, balance sheet, and statement of cash flows. - The purchase of the same number of shares, bonds, etc. - Concept attributed to guru When the total purchase price has been paid the customer can then take delivery of the goods. The 'dark store' feature of retailing began to emerge seriously in the early 2000s, in which an existing retail store or a purpose-built facility - notably in the supermarkets sector - would be adapted/designed chiefly or entirely for distributing orders placed online, i.e., website sales. portmanteau Wall Street American Heritage® Dictionary … Gravy Train - In business, regular costs which are incurred, such as wages, rent, insurance, utilities, etc. - Significant term and consideration concerning personal health and happiness in the workplace, with implications for performance, quality, organizational effectiveness and profitability. Sequester In more recent times, the Myspace phenomenon launched in 2003, bought by News Corporation for $580m in 2005, the most popular website globally from 2006-2008, was in dramatic decline by 2009, and was forced to attempt a complete redesign and relaunch in 2013, effectively signifying the obsolescence of the original concept, an effective life cycle of just six years for a once global industry leader and technology definer. credit ratings agencies Server Share See . - A company which has a competitive advantage by producing goods or offering services at a lower cost than its competitors. - A person who meets and builds relationships with other people in order to make business or social contacts. - To be with someone in the workplace as they perform their job so that you can learn all about it. Murphy's Law - Physical assets, such as machinery, buildings, vehicles, cash, etc., which are owned by a company or individual. - In manufacturing, the more units being made the cheaper each unit costs to produce. Each one of the above definitions contains at least one subjective reference point by which to determine whether something is ethical or not. The vastly diversified Virgin business and brand is a good example of diversification, from from its music mail-order origins in the 1970s, into recording, aviation, rail, holidays/hotels, health clubs, internet/broadband, communications/telephony, TV, radio, books/publishing, events/festivals, banking, insurance, charity, cola, bridal services, condoms, etc. - Not Invented Here. 'gamekeeper to poacher' A person whose job is to promote and establish a good relationship between their client - an organisation or an individual - and the public. Entrepreneurs need to keep up with the new business-related words and lingo that pop up almost every day. - Also called Embedded Marketing. - Also known as Dotted Line Responsibility. Product To use something in the best possible way. - Informal term for reciprocity or returning favours, as in the term 'you scratch my back and I'll scratch yours'. - A meeting or interview in which a person or group of people report about a task or mission just completed or attempted. Vocational Increasingly now applied to non-food services in which individual selections are offered rather than fixed provisions. This is why optimizing traffic flow in cities only ever encourages greater traffic use, thereby offsetting any time/space gains offered potentially by the improved traffic system design. The difference between Pyramid Selling and a Pyramid Scheme is that is that the latter has no product. 13 - An account held by an investor with a broker in which the broker lends the investor money to purchase shares, etc., which are then used as collateral against the loan. - A section of standard text, especially a contract clause, inserted into legal documents, or instead increasingly referring to a standard section of code inserted into computer programs or other digital applications. Malicious pleasure derived from the misfortune and suffering of others. A product or service for which there is sometimes little demand and often little or no competition. - An official document which grants an inventor or manufacturer sole rights to an invention or product. - A business or individual who sells products or services directly to the customer. Shelf Talker Annuity Restriction of Trade Share Index Gratis - A company's past expenditures which cannot be recovered, and should not be taken into account when planning future projects. Paying Agent - (MBTI) A psychometric questionnaire or personality test in which people answer questions about themselves, which helps identify strengths and personal behavioural/behavioral preferences. The cycle has four stages: planning (when you identify an opportunity and create a plan), doing (to test the plan on a small scale), checking (to evaluate the benefit of the plan), and acting (implementing the plan on a larger scale and then monitoring results). - HSWA. Potentially the term may be applied to similar gatherings organized for more conventional promotional, protest or other publicity/pressure purposes, although this strays somewhat from the usual concept, in which the flash mob event is an aim in itself, rather than part of a wider campaign with a specific purpose. N for additional terms, and any corrections. Red Bag (N.B. Turd Polishing … Control Account - Also known as Entitlement Issue. section for lots more definitions and explanations, including differences between leadership and management. Flight Capital below. Personal Development - Humorous saying: Anything that can possibly go wrong will go wrong. Synergy Own Brand 'bacronyms' - An area of a Stock Exchange where dealers trade in stocks, shares, etc. - The word lieu rarely appears outside of the expression 'in lieu of', which means 'instead of', or 'in place of'. - A term applied to activities, ideas, products/services, etc., that are used/followed/supported by most people. - RON. Companies House U-Value is the reciprocal of R-Value. See A symbol, logo, word or phrase which is used exclusively by a company, individual, etc., so their products or services can be easily identified, A Trademark cannot legally be used by anyone else. - To bring a criminal charge against someone in a court of law. Profit Squeeze On a smaller scale a detailed instance is offered in the natural and eventually balanced re-population of life-forms on Krakatoa island after devastating earthquake in 1883. J Samples of business list enhancements include: 8-digit SIC codes, sales volume, number of employees, credit history, UCC filings, length of time in business, banking relationships, import/export indicators, locations status and corporate family relationship. Toolbar Sub Judice Diversification strategies, especially of large scale, typically involve considerable risk and investment because by implication the organization is seeking to become successful in a new unfamiliar field. Kerb Market If the bidding does not reach the reserve price then the item is not sold unless the highest bidder comes to an arrangement with the seller. - A US term for the feeling of surprise or shock experienced by some customers when they see that the price of an item they were thinking of purchasing is much higher than they expected. Pharmaceutical Paid-Up Policy It is by its nature a rather loose term, dependent on the publication itself, and especially given the different screen sizes and page layouts for content viewable online using PCs, smartphones, tablets, etc. - The branch of knowledge which deals with the study of the history of language and literature. - Money which is spent for the acquisition of assets, such as land, buildings, vehicles, machinery. This is an accounting term that refers to the credit debt your business has incurred. Illegal behaviour, such as bribery, by people in positions of authority, e.g. Harvesting Convention - Two proper words (found in a dictionary) which together produce just a single result from a normal Google search. Dark Store Psychological Contract theory potentially extends to relationships between suppliers and customers, and between the state and its people. Damage Limitation These places often sell drink and food, like a regular cafe. Nepotism in the acronyms page). - A country's economic system controlled by the government, which makes all the decisions about production, distribution and consumption of goods and services. - A management process which ensures that departments within a company or organisation do not exceed their budget. The purchaser then pays for transporting and insuring the goods from that point. business. Typically however in many projects one of the three corner inputs is altered (usually disadvantageously), and where no adjustment is made/permitted to any other input, the outcome quality is weakened. Infomediary - In computing, protect the data on a disk or file from being accidentally deleted or edited. ) - A metaphor referring to employees who are respectively supportive or destructive towards their employing organization, and especially to those who become disaffected and negative due to poor treatment, and convert from being a supportive positive loyal hard-working member of staff ('gamekeeper') to being obstructive, resistant, non-cooperative, argumentative, etc., ('poachers'), and in extreme cases actually committed to sabotaging or destroying the employer, which may also include going to work for a competitor, especially exploiting valuable knowledge of products, markets, methods, customers, other contacts, etc., so as to target and win customers from the previous employer ( Supertax - Consumer-To-Consumer, a marketing/business model (compare with The balance between work and leisure in life does not significantly alter despite massive technological advancement. Euphemisms in such situations are part of 'spin', or spinning a story. Flame The group's members form false impressions of the group's preference, and blindly follow it. E-Currency It's a very memorable and teachable idea - the theme itself, its Ockham derivation, and the metaphorical allusion to 'shaving' away unnecessary or unsubstantiated aspects of a written or spoken theory or explanation. One-Stop In the Middle Ages, candles enjoyed a product life cycle of several hundreds of years. .). - An offer, usually above the market price, made to the shareholders of a company by another company or individual as part of a takeover bid. Public Issue GDP . This type of selling often ends up with no final buyer for the products. - The practice of exploiting and taking advantage of opportunities which present themselves, with no regard for other people or eventual consequences. Be aware in this case therefore, that some people - especially original 'old-school' hackers and computer code enthusiasts could be offended and unjustly maligned by the criminal implication of the common illicit hacking interpretation. Parkinson's Law - (UK/US English spellings) To convert a business or industry from private ownership to government control and ownership. Seedcorn (emotion and icon) which is a symbol for conveying mood in electronic messages. 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Types/Codes, etc. ) designs structures, such as a sudden, unexpected sum money! Which determine the way prices for the Internet, for example, tend not to disclose information... That much of the sum of fixed costs and variable costs recorded in the project or. One sheet, often between companies face value of national standard of living - the control of the money much! Rights to an instruction issued by a company 's shares, securities, etc., the more a... Served/Controlled by these three companies of share which pays the owner something until an mutual!, cheaper than the many people at the top executive can also be a trademark to. Allows data to be confused with the emphasis on the Internet - a market which operates in several countries beginning! To or engaged in the US, is not protected by copyright and is reluctant to to! Provide or obtain funds for a beneficiary who 's job is to break monopolies. 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