Thursday, 25 April 2024, 11:02 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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NationalisationNationalisation refers to the transferring ownership of assets and resources from the private sector to the government. |
Natural ResourcesNatural resources are the gifts of nature used in the production process, example land. |
NeedsNeeds are goods and services people cannot do without, example water. |
Net Primary Income PaymentsNet primary income payments is the net result of adding income earned by South Africans outside the borders and subtracting income earned by foreigners inside SA. |
Network DesignNetwork planning and design is an iterative process, encompassing topological design, network-synthesis, and network-realization, and is aimed at ensuring that a new telecommunications network or service meets the needs of the subscriber and operator. |
Nominal GDPNominal GDP is GDP expressed at today’s prices. |
Non-durable GoodsNon-durable goods are goods that have a single use, example food. |
Non-verbalNon-verbal communication is all forms of communication without words. It includes apparent behaviours such as facial expressions, eyes, touching, and tone of voice. It also includes less obvious messages such as one’s clothes (dress code), posture, and the spatial distance between two or more people. |
Normal GoodsNormal goods are goods that increase in demand with an increase in income. |
Normal ProfitNormal profit is where revenue minus explicit and implicit costs equals zero. |