Thursday, 2 May 2024, 10:09 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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Planning the Sales CallPlanning the sales call is often referred to as the pre-approach and is a set of tasks that the salesperson has to perform before actually meeting the prospect for the first meeting. |
PortfolioPortfolio – a collection of documents depicting a process of learning. |
Portfolio InvestmentPortfolio investment refers to the buying of assets such as shares or bonds where the investor has no say in the running of the business. |
Positive SciencesPositive sciences are sciences based on objective fact, example chemistry. |
PrefixThe first part of a combined word, e.g. un- as in unhappy. |
PrepaidPrepaid – amount paid/received in advance. |
Price ControlPrice control exists where a government or agency intervention in the form of floors or ceilings in the free market. |
Price DiscriminationPrice discrimination exists when firms charge different sectors different prices for the same good or service, not attributable to cost differences. |
Price Elasticity of DemandPrice elasticity of demand refers to the sensitivity of the quantity demanded to a change in the price of a product. |
Price StabilityPrice stability is a macroeconomic objective which aims to keep inflation at a low and stable level. |