Saturday, 20 April 2024, 2:13 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
C
CommuterA person who travels regularly between home and work or school.
|
Commuter Bus ServiceFixed-route bus service, predominantly in one direction during peak periods, with limited stops, using multi-ride tickets and routes of extended length, usually between the central business district and outlying suburbs.
|
Commuter RailLocal and regional passenger train operations between a central city, its suburbs and/or another central city.
|
Company EquilibriumCompany equilibrium exists where the output or quantity produced is where profit is maximised and where marginal cost = marginal revenue. |
Comparative / Relative AdvantageComparative / relative advantage exists where a country has a lower opportunity cost in the production of a good or service than does another country. |
CompensationCompensation is more than money! There is a hugely positive effect when salespeople have their success behaviour rewarded. The design and implementation of effective sales reward systems are, therefore, vital to the success of a sales force. |
Competitive AdvantageCompetitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rivals. |
ComplementsComplements are products that can be used together, example bread and peanut butter. |
Concurrent EngineeringConcurrent engineering is a work methodology emphasizing the parallelization of tasks, which is sometimes called simultaneous engineering or integrated product development using an integrated product team approach. |
CongestionOccurs when transport demand exceeds transport supply in a specific section of the transport system.
|