Business definitions
- Created by: Zoe
- Created on: 03-06-13 14:02
Term |
Definition |
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Income budget |
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Expenditure budget |
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Profit budget |
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Favourable variance |
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Adverse variance |
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Cash flow |
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Span of control |
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Narrow span of control |
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Wide span of control |
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Delegation |
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Vertical communication |
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Horizontal communication |
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Job enrichment |
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Job enlargement |
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Job rotation |
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Quality |
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Quality control |
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Quality assurance |
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Total quality management |
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Niche marketing |
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Mass marketing |
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Product portfolio analysis |
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Product life cycle |
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Extension strategies |
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Penetration pricing |
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Price skimming |
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Price leaders |
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Price takers |
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Psychological pricing |
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Perfect competition |
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Oligopoly |
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Monopoly |
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