GLOSSARY
Vendor
A person or company offering something for sale, especially a trader in the street
Flexibility
Susceptible of modification or change
Duty
A task or action required to perform as part of a job, also can be a tax paid on imports
Components
A part of a larger whole
Strategy
A plan of action designed to achieve a long term goal
Export
A product or service sold abroad
Lead time
Delivery time
Critical path
Tasks that must be done in order and in the right amount of time in order to complete a project on time
FAD
An intense and widely shared enthusiasm for something, especially one that is short lived, a craze
Basic
Such as t-shirts and blue jeans are sold for years with few style changes – long product life cycle
Communication
The exchange of information by speaking, writing, or using some other medium
Costs
The payment of something before something can be done
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