Friday, 3 May 2024, 2:54 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
S
Seasonal UnemploymentSeasonal unemployment refers to people who are employed in seasonal jobs and become unemployed out of season. |
SeasonalitySeasonality refers to predictable changes that occur over a one-year period in a business or economy based on the seasons including calendar or commercial seasons. One example of a seasonal measure is retail sales, which typically sees higher spending during the fourth quarter of the calendar year. |
SecuritiesSecurities are documents that state the interest rate payable on a loan and when the loan must be paid back. |
SelectionEntails the process of deciding on the most suitable candidate for appointment in a position. |
Selection CriteriaSelection criteria is a principle or standard (criteria) by which something may be judged or decided. It is how you choose something like customers, suppliers or staff memebers. |
Sell SequenceThe SELL sequence is a selling technique that helps the salesperson to stress product benefits that would satisfy the needs (wants) of the customer. |
Semi-durable GoodsSemi-durable goods are goods that can be used repeatedly for a short period of time, example sports equipment. |
ServicesServices are non-tangible actions, example haircuts. |
Shareholders' ValueShareholder value is a business term, sometimes phrased as shareholder value maximization or as the shareholder value model, which implies that the ultimate measure of a company's success is the extent to which it enriches shareholders. |
Shift of the Demand CurveShift of the demand curve refers to moving an entire demand curve to a new position. |