Sunday, 5 May 2024, 4:47 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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ExpenseExpense – amounts incurred during a particular financial period. |
Explicit CostsExplicit costs are reflected in money terms, e.g. salary. |
Exploratory RelationshipThe exploratory stage is the earliest stage of relationship development before trading begins. Woodburn and McDonald (2011) describe it as the investigation and development or understanding stage, where the potential of importance of the relationship qualifies the customer as a future key account. |
ExportsExports refer to goods that are sold outside a country’s borders. |
External AuditAn external auditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal entity, or organization, and is independent of the entity being audited. |