Thursday, 25 April 2024, 7:29 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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Rapid TransitRail or motorbus transit service operating completely separate from all modes of transportation on an exclusive right-of-way. |
RateThe price of transportation services paid by the consumer. They are the negotiated monetary costs of moving a passenger or a unit of freight between a specific origin and destination.
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RationingRationing is limiting the quantity bought by consumers. |
Raw MaterialsThe items that are purchased or the materials extracted which are then transformed into components or products using a manufacturing process |
Real GDPReal GDP is GDP expressed at the prices of a given base year. Real GDP = nominal GDP – inflation. |
RecruitmentRefers to the sourcing and screening of suitable candidates to fill a position from within or outside the organisation. |
Reflectionthinking back on how you have thought about something. |
RefutingRefuting – offering ideas which are opposed to another person’s statement. |
Relationship HierarchyRelationship hierarchy is the levels of a relationship, it is a system in which members of the relatioship is ranked according to relative status or authority. |
Relationship StagesKAM is concerned with managing the relationship with the customer, with the goal being business development, and making profit for the company. Hence, it is important to understand these relationships, and to understand the hierarchy of different relationship levels. Relationship stages refere to the level of the relationship; Basic Cooperative, interdependent or integrated. |