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Sunday, 5 May 2024, 8:23 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
G

GAAP

GAAP – General Acceptable Accounting Practice

Gini Coefficient

Gini coefficient measures the degree of inequality using the Lorenz curve, and is expressed as an index.

Globalisation

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Goals

Goals reflect personal ambitions and wants, and to succeed, goals need to be formally set. In short, goals are highlighting what a salesperson wants to achieve, and how they will do so.

Goods Market

Goods market is a market where goods and services are traded.

Government

Government refers to all levels of government, from local councils to national government as well as all state owned enterprises.

Government Expenditure

Government expenditure refers to spending by all levels of government.

Government Spending

Government spending includes all spending by government in the form of government consumption spending, capital expenditure, transfers and debt repayment.

Grammar

"The study or use of the rules about how words change their form and combine with other words to make sentences" 

Cambridge English Dictionary

Graph

Graph is a visual representation of the relationship between two or more variables.

Green Car

A green/clean/eco-friendly/environmentally friendly vehicle is a road motor vehicle that produces less harmful impacts to the environment compared to conventional internal combustion engine vehicles running on gasoline or diesel.

 


Gross Domestic Expenditure (GDE)

Gross domestic expenditure (GDE) indicates the value of spending within the borders of a country.

Gross Domestic Product (GDP)

Gross domestic product (GDP) measures the market value of all final goods and services produced within the boundaries of a country over a period of time (normally one year).

Gross National Income (GNI)

Gross national income (GNI) is a measure of national welfare and is calculated thus: GDP minus foreign factor (primary income) payments plus foreign factor (primary income) receipts.

Gross Reserves

Gross reserves refer to borrowing funds to cover the balance of payments deficit.