15 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
budget
Business administration; Business management
(1) The financial statement of an organization’s planned income and expenditure for a given length of time. (2) The proposed income and expenditure of the British government over the coming year as ...
selling
Business administration; Business management
(1) The process of exchanging goods or services for money. (2) The functions in an organization which are most concerned with this process. These now include advertising, distribution, marketing and ...
career anchors
Business administration; Business management
A concept developed by the American theorist of organizational psychology, Edgar Schein, to study the guidelines and priorities in the working life of a manager. It deals with the way in which a ...
golden handcuffs
Business administration; Business management
A financial inducement to an employee to stay, which is so favourable that he or she would find it difficult to leave the organization.
cell organization
Business administration; Business management
A form of work organization that groups together workers concerned with the various activities of one part of a manufacturing process into a ‘cell’ or unit. It is often used in batch production.
works council
Business administration; Business management
A forum for joint consultation between employees and employers (or their representatives) in an organization.
activity-based costing
Business administration; Business management
A method for costing products, used in accounting since the late 1980s, which links the overall cost of a product to the total cost of the various activities within a business organization that ...
