Thursday, 16 May 2024, 12:43 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
E
Exchange Rate PolicyExchange rate policy refers to policy measures put in place to discourage shifting funds offshore. |
Expansionary PolicyExpansionary policy refers to either monetary or fiscal policy aimed at counteracting unemployment. |
Expenditure MethodExpenditure method is one of the methods to calculate GDP by adding all sector expenditure in the economy. |
ExpenseExpense – amounts incurred during a particular financial period. |
Explicit CostsExplicit costs are reflected in money terms, e.g. salary. |
Exploratory RelationshipThe exploratory stage is the earliest stage of relationship development before trading begins. Woodburn and McDonald (2011) describe it as the investigation and development or understanding stage, where the potential of importance of the relationship qualifies the customer as a future key account. |
ExportsExports refer to goods that are sold outside a country’s borders. |
External AuditAn external auditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal entity, or organization, and is independent of the entity being audited. |
F
FAB MethodFAB stands for : Feature, Advantage and Benefit. Features refer to the physical characteristics of the product, such as the size, shape and colour. Advantages refer to the performance characteristics of the product, such as that a cell phone can receive emails. Benefits refer to the favourable result that the buyer obtains from using the product, such as the cell phone providing the user with the freedom of receiving emails at home and not needing to be in the office at all times. |
Facilitation RolesThe facilitation role takes a decision or plan into effect; execution - make it happen. |