Monday, 6 May 2024, 9:01 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
E
EquilibriumEquilibrium is a state of balance when opposing forces are balanced and there is no incentive for change. |
Equilibrium Exchange RateEquilibrium exchange rate is where the quantity of foreign currency demanded is equal to the quantity of foreign currency supplied. Expressed as the value of one currency in terms of the value of another. |
Essential GoodsEssential goods are goods which the consumer needs for day to day living. |
EvaluationFor an organisation to stay competitive, it is necessary for salespeople to reach business and personal goals. The sales manager’s role is thus to lead and motivate his or her sales team to perform and at the end of each performance period, the manager must evaluate their performance. In this regard, performance evaluation is understood as a formal, structured (face to face) system of measuring and evaluating a salesperson’s activities and performance. |
Excess SupplyExcess supply when a greater number of goods are supplied than are being demanded. |
ExcessDemandExcess demand when a greater number of goods are demanded than are being supplied. |
Exchange RateExchange rate is where the value of one currency is expressed in terms of the value of another. |
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. |