20 Terms
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Business management
General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.
Industry: Business administration
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Business management
bottom line
Business administration; Business management
An accounting term denoting the last line of a balance sheet which calculates the profit and loss of a business. It is now used more widely in management to mean something like ‘in the final ...
quango
Business administration; Business management
An acronym for a ‘quasiautonomous non-governmental organization’ in the United Kingdom. This is an organization which is established and funded indirectly by the government to oversee or encourage ...
small or medium-sized enterprise (SME)
Business administration; Business management
Usually a company with fewer than 1,000 employees.
common business oriented language (COBOL)
Business administration; Business management
This is a system of words and symbols used in business to instruct a computer in its task of information processing. See computer language.
keep it short and simple (KISS) principle
Business administration; Business management
Kiss is a valuable method for effective human communications. By keeping the points simple and straight forward, the points can be easily understood.
local exchange trading system (LETS)
Business administration; Business management
This is an attempt to organize systematic trading relationships within the grey economy, which started in Canada in 1982. LETS has since spread successfully to a number of other countries, especially ...
potential rating index by zip market (PRIZM)
Business administration; Business management
It is used in marketing research on geodemographic segmentation to rank neighbourhoods by socio-economic status. Developed by the Claritas Corporation in the United States, prizm established an SES ...
