5 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
project management
Business administration; Business management
In contrast to the normal operations of both line and staff management, projects are intended to pursue specific, time-limited objectives that cross the usual departmental boundaries of an ...
macroeconomic model
Business administration; Business management
In economics, this is a computer model of the workings of a whole economy, usually a national economy. It is extensively used by both academics and government ministries to test the implications of ...
division of labor
Business administration; Business management
In economics, this is a concept introduced by Adam Smith in the eighteenth century. It involves breaking down the work of a business organization into a series of tasks or operations which allows ...
price discrimination
Business administration; Business management
In economics, this is a pricing situation where two units of the same product are sold at different prices, whether to the same consumer or to different consumers. In psychology, the term would ...
inflationary spiral
Business administration; Business management
In economics, this is a situation arising from inflation where price rises lead to higher pay demands, which, if satisfied, lead to higher production costs and therefore to still higher prices, and ...
oligopoly
Business administration; Business management
In economics, this is a situation in which a few sellers can control or dominate a market. Such a situation is widely regarded as an incentive for the sellers to form a cartel. See also duopoly and ...
multiplier effect
Business administration; Business management
In economics, this is an idea, associated with John Maynard Keynes, that emphasizes the powerful effect of even small increases in investment.
