Wednesday, 24 April 2024, 6:52 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
I

IFRS

IFRS – International Financial Reporting Standards

Implementation Barriers

Challenges or obstacles which prevents or limits the process of putting a decision or plan into effect, execution. 

Implementation Roles

Deciding what should happen in an account and making sure it is delivered, making appropriate strategies and plans, having a deep understanding of the customer Implementation Roles, Expert in the customer, Value developer,Point of accountability

Implicit Costs

Implicit costs are not reflected in money terms, e.g. satisfaction. This is used by economists only.

Import Quotas

Import quotas are quantitative restrictions on the number of imported items.

Import tariffs

Import tariffs are taxes levied on specific goods and services imported into the country.

Imports

Imports are goods and services that flow into the country from beyond the national borders.

Income

Income as a micro concept refers to earnings for the factors of production.

Income Elasticity of Demand

Income elasticity of demand refers to the sensitivity of the quantity demanded to a change in the income of a consumer.

Income method

Income method is a method of calculating GDP by adding all factor payments.