7 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
cost centre
Business administration; Business management
A unit whose direct costs can be ascertained, and to which fixed costs can be allocated, in the pursuit of effective financial control. This unit may be a department, a place, a person or even a ...
status
Business administration; Business management
(1) The standing of an individual within a given organization. This is based on the amount of respect she or he is accorded by other people, whether it is because of the position in the hierarchy or ...
product differentiation
Business administration; Business management
(1) The packaging and advertising of different brands of virtually identical products in order to create differences between them in the mind of the consumer. (2) The process of designing and ...
merit rating
Business administration; Business management
A form of reward for members of an organization, based on an assessment of their worth beyond the normally expected performance of their job, on the grounds that different people doing the same job ...
information processing
Business administration; Business management
A key term in the study of cognition, which is used to denote what happens mentally between the stimulus and the response to it, including perception, memory, thinking, decision-making and ...
performance appraisal interview
Business administration; Business management
An interview between an employee and his or her line manager, usually conducted once a year, at which an assessment is made of the individual’s job performance and how it relates to training needs, ...
information management
Business administration; Business management
This is concerned with applying information technology to the flow of information in an organization with the intention of ordering it in the best way to achieve organizational goals.
