Purchasing PowerPurchasing power refers to what one can buy with one’s income. |
Quality AssuranceQuality assurance is a way of preventing mistakes and defects in manufactured products and avoiding problems when delivering products or services to customers; which ISO 9000 defines as "part of quality management focused on providing confidence that quality requirements will be fulfilled" |
QuotasQuotas are quantitative restriction on the production of certain goods. |
Rapid TransitRail or motorbus transit service operating completely separate from all modes of transportation on an exclusive right-of-way. |
RateThe price of transportation services paid by the consumer. They are the negotiated monetary costs of moving a passenger or a unit of freight between a specific origin and destination.
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RationingRationing is limiting the quantity bought by consumers. |
Raw MaterialsThe items that are purchased or the materials extracted which are then transformed into components or products using a manufacturing process |
Real GDPReal GDP is GDP expressed at the prices of a given base year. Real GDP = nominal GDP – inflation. |
RecruitmentRefers to the sourcing and screening of suitable candidates to fill a position from within or outside the organisation. |
Reflectionthinking back on how you have thought about something. |