Modele Volume 1 | Page 24

Glossary

Ability – a talent needed in order to complete a task successfully.

Agent – Sales and Design

Attribute – a quality seen as a characteristic which comes naturally.

Bricks ‘n’ Clicks – The brick stands for a high street store and then a click is a transactional website.

Cash Handling – Counting cash flow

Classification – a category in which something is put into.

Click ‘n’ Collect – Purchase an item online and then collect within store.

Communication – a way of sharing your message through various mediums

Components – Different elements involved within the manufacturing of a product.

Connotation – what it means

Cost – the value of an item

Critical Path – Series of tasks that must be done in order and in the right amount of time in order to complete a project on time.

Customer Service – To provide assistance to customers to suit their needs.

A

B

C

Delegation – To assign jobs roles around to the employees, knowing and fitting each to suit their strengths.

Denotation - what we see

Direct – Retailers are of a high level

Distribution Channel – the way products get from manufacturer to store. E.g. Plane, Ship etc

Duty – a payment to the governmenton the import, export, manufacture or sales of goods.

Export - Externally shipping an item

Flexibility – Change easily according to a situation

Full Service – World Class Store, on a large scale

E

D

F