Thursday, 25 April 2024, 3:20 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
C
Connotationswords which are used for their subtext rather than their literal meaning:
your manager may dislike being called “boss” because of the negative meaning
associated with the word |
Constant PricesConstant prices are expressed in relation to a selected base year’s value or price. Also known as real prices. |
Consumable StoresConsumable stores – items such as packing material, stationery and any other consumable consumed within a financial period. |
Consumer Buyer BehaviourRefers to the actions taken (both on and offline) by consumers before buying a product or service. |
Consumer GoodsConsumer goods are goods purchased by households, example bread. |
Consumer Price Index (CPI)Consumer price index is an index of the relative prices of a representative basket of goods and services and measures the cost of living. |
Consumer SpendingConsumer spending refers to the spending by households. |
Consumer SurplusConsumer surplus is defined as the difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e. the market price). |
Consumption of Fixed CapitalConsumption of fixed capital is the use of all manufactured resources, e.g. machines, buildings, tools, etc. over time. |
ContextThe background to something you do. |