EffectivenessThe degree to which something is successful in producing a desired result; success. |
EfficiencyEfficiency is the ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without waste. |
Elastic DemandElastic demand exists when the change in quantity is larger than the change in price. |
ElasticityElasticity is a measure of responsiveness or sensitivity to a dependent variable when an independent variable changes. |
Elasticity CoefficientElasticity coefficient is the ratio of the percentage change in quantity demanded to the percentage change in the price of that product. |
Employee Engagement CycleThe employee life cycle model (ELC) is an organizational method used to visualize how an employee engages with the company they are a part of. There are six stages involved in this model: Attraction, Recruitment, Onboarding, Development, Retention, and Separation. |
Engineer to Order (ETO)Manufacturing process where product is built as per customer specifica-tion due to requiring unique engineering, design, customisation etc. |
EntrepreneurshipEntrepreneurship refers to the skill that people who open and own a business possess. The act of opening a business. |
EOQEOQ – Optimal order level that keeps the costs associated with inventory at their lowest level. |
Equal AdvantageExists where a country can produce a good or ser-vice with the same opportunity costs than another country, i.e. their pro-duction ratios are the same. Countries with equal advantage will not trade. |