CRAZE 1 | Page 57

Replenishment

-Ordering in more stock

Free Lance

-Self employment or working for lots of dofferent companies at once.

Tag density

-A person or company offering something, especially a trader in the street.

Flexibility

-The ability to easily modify, change or compromise.

Duty

-A action that is perfomed to complete a job. Atax paid to government on itemsbought into the country.

Componants

-A part or element of a larger whole.

Stratergy

-A plan or action designed to achieve a long term aim.

Export

-Send goods or services to another country for sale.

Critical path

-The series of tasks that must be done in orderand in the right amount of time in order to complete a project on time.

Franchise

-An authorization granted by an organisation or company to allow another person to carry out commercial activites with that brands names and product.

Large business

-A business with more then 250 employees or a 50 million pound turnover.

Micro business

-A business with 10 employees with a turnover of under 2 million pounds.

Small business

-Under 50 employees with a turnover of around 10 million peounds.

Medium business

-Less then 250 employees with a turnover of less than 50 million pounds.

Turnover

-The amount of money a business makes in a particular period.

Not-for-profit

-An organisation that dont earn money back from the business ie. charity shops.

Patnership

-A joint ownership of a business or organisation.

Merchanidse

-The products that are sold to the customers.

Mail order

-Keeping customers informed where their packages are.

Semiotics

-The study of signs.

External communication

-Exchange of information outside an organisation.

Internal communication

-Exchange of organisation within an company or organisation.

Glossary