22 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
negotiation
Business administration; Business management
In industrial relations, this is the essence of the collective bargaining process. It refers to the discussion of terms and conditions of employment by employers and employees, or their ...
differentials
Business administration; Business management
In industrial relations, this refers to the differences in levels of pay between different categories of workers.
entropy
Business administration; Business management
In information theory, this is technically an indication of the lack of organization in a system, or the degree of openness in the message being conveyed. For example, if a message begins ‘the cat . ...
field theory
Business administration; Business management
In its best-known form, the Gestalt school of Psychology argued that, in the functioning of the brain and in the behavior of humankind and the higher animals, the whole is greater than the sum of all ...
omnibus survey
Business administration; Business management
In market research, this is a wide-ranging form of survey that seeks to obtain data on many different topics at the same time, usually for a number of different clients.
hall test
Business administration; Business management
In market research, this is the technique of asking people their opinions of the advertising, packaging and presentation of a product (originally done on the spot in a supermarket ‘hall’).
loss leader
Business administration; Business management
In marketing, this refers to a product or service sold at a loss for the seller in order to attract customers to buy her or his other products or services.
