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T
take-home
pay: the
amount of pay an employee receives after all the deductions, such as
income tax, social security, or pension, contributions.
(advertisement)
takeover:
the
acquisition of one company by another.
talent:
people
with exceptional abilities, especially a company's most valued
employees.
target
market: The
specific individuals, distinguished by socio-economic, demographic and
interest characteristics, who are the most likely potential customers
for the goods and services of a business.
target
marketing: Selecting and developing a number of offerings to
meet the needs of a number of specific market segments.
tariff:
a
government duty imposed on imports or exports to stimulate or dampen
economic activity.
tax:
a
governmental charge that is not a price for a good or service
taxable:
subject
to tax.
tax
bracket:
a
range of income levels subject to marginal tax at the same rate.
tax
incentive:
a
tax reduction afforded to people for particular purposes, for example,
sending their children to college
tax
refund:
an
amount that a government gives back to a taxpayer who has paid more
taxes than were due.
tax
return:
an
official form on which a company or individual enters details of income
and expenses, used to assess tax liability.
tax
shelter:
a
financial arrangement designed to reduce tax liability.
tax
subsidy:
a
tax reduction that a government gives a business for a particular
purpose, usually to create jobs.
T-Bill:
a
debt instrument of the U.S. government. (Treasury Bill)
team
player:
somebody
who works well within a team.
teamwork:
collaboration
by a group of people to achieve a common purpose.
telebanking:
electronic
banking carried out by using a telephone line to communicate with a
bank.
telecommute:
to work without leaving your home by using telephone lines to carry data
between your home and your employer's place of business.
telemarketing:
Marketing goods or services directly to the consumer via the telephone.
telephone
survey: a research technique in which members of the public
are asked a series of questions on the telephone
tender:
to make or submit a bid to undertake work or supply goods at a stated
price. A tender is usually submitted in response to an invitation to bid
for a work contract in competition with other suppliers.
terms
of sale: The conditions concerning payment for a
purchase.
terms
of trade: a ratio to determine whether the conditions under
which a country conducts its trade are favorable or unfavorable
test
marketing: the use of a small-scale version of a marketing
plan, usually in a restricted area or with a small group, to test
marketing strategy for a new product.
think
tank:
an organization or group of experts researching and advising on issues
of society, science, technology, industry, or business.
trade
barrier:
a condition imposed by a government to limit free exchange of goods
internationally.
trade
credit: permission to buy from suppliers on open account.
trade-fair:
a commercial exhibition designed to bring together buyers and sellers
from a particular market sector.
trademark:
an identifiable mark on a product that may be a symbol, words, or both,
that connects the product to the trader or producer of that product.
turnkey
contract: immediately.
an agreement in which a contractor designs, constructs, and manages a
project until it is ready to be handed over to the client and operation
can begin he conditions concerning payment for a purchase
U
unbalanced
growth: the result when not all sectors of an economy can
grow at the same rate.
unbundling:
dividing a company into separate constituent companies, often to sell
all or some of them after a takeover.
uncertainty
analysis:
a study designed to assess the extent to which the variability in an
outcome variable is caused by uncertainty at the time of estimating the
input parameters of the study.
undervalued:
used to describe an asset that is available for purchase at a price
lower than it is worth.
underwrite:
to assume risk, especially for a new issue or an insurance policy
underwriter:
a person or organization that buys an issue from a corporation and sells
it to investors
unearned
income:
income received from sources other than employment
unit:
a collection of securities traded together as one item
unit
of trade:
the smallest amount that can be bought or sold of a share of stock, or a
contract included in an option
unlimited
liability:
full responsibility for the obligations of a general partnership
unsecured
debt:
money borrowed without supplying collateral
upsell:
to sell customers a higher-priced version of a product they have bought
previously
used
credit:
the portion of a line of credit that is no longer available
V
value
added:
originally, the difference between the cost of bought-in materials and
the eventual selling price of the finished product
value-added
tax: a tax added at each stage in the manufacture of a
product. It acts as a replacement for a sales tax in almost every
industrialized country outside North America.
variable:
an element of data whose changes are the object of a statistical study
variable
annuity:
an annuity whose payments depend either on the success of investments
that underlie it, or on the value of the index
variable
cost:
a cost of production that is directly proportional to the number of
units produced
variable
interest rate:
an interest rate that changes, usually in relation to a standard index,
during the period of the loan
variance:
the square of a standard deviation; a measure of the difference between
actual performance and forecast, or standard, performance.
venture
capital: money used to finance new companies or projects,
especially those with high earning potential and high risk.
venture
funding: the round of funding for a new company that follows
seed funding provided by venture capitalists.
venture
management:
the collaboration of various sections within an organization to
encourage entrepreneurial spirit, increase innovation, and produce
successful new products more quickly
verbal
contract:
an agreement that is oral and not written down. It remains legally
enforceable by the parties who have agreed to it.
vertical
market:
a market that is oriented to one particular specialty, for example,
plastics manufacturing or transportation engineering
viral
marketing: the rapid spread of a message about a new product
or service in a similar way to the spread of a virus
virtual
organization:
a temporary network of companies, suppliers, customers, or employees,
linked by information and communications technologies, with the purpose
of delivering a service or product.
virus:
a computer program designed to damage or destroy computer systems and
the information contained within them
vision
statement:
a statement giving a broad, aspirational image of the future that an
organization is aiming to achieve.
voting
rights:
the rights that shareholders have to vote on matters affecting a
corporation
volume:
An amount or quantity of business; the volume of a business is the total
it sells over a period of time.
vulture capitalist: a venture
capitalist who structures deals on behalf of an entrepreneur in such a
way that the investors benefit rather than the entrepreneur
W
wages:
a form of pay given to employees in exchange for the work they have done
waiver
of premium: a provision of an insurance policy that suspends
payment of premiums, for example, if the insured suffers disabling
injury
walk:
to resign from a job
wallet
technology:
a software package providing digital wallets or purses on the computers
of merchants and customers to facilitate payment by digital cash
Wall
Street: the U.S. financial industry, or the area of New York
City where much of its business is done
waste
management:
a sustainable process for reducing the environmental impact of the
disposal of all types of materials used by businesses.
wealth:
physical assets such as a house or financial assets such as stocks and
shares that can yield an income for their holder
Web marketing: the process of creating, developing, and
enhancing a Web site in order to increase the number of visits by
potential customers
weighted
average:
an average of quantities that have been adjusted by the addition of a
statistical value to allow for their relative importance in a data set
whistleblowing:
speaking out to the media or the public on malpractice, misconduct,
corruption, or mismanagement witnessed in an organization
wholesale
price: a price charged to customers who buy large quantities
of an item for resale in smaller quantities to others
wholesaling:
businesses and individuals engaged in the activity of selling products
to retailers, organizational users or other wholesalers. Selling for
resale.
withholding
tax: the money that an employer pays directly to the U.S.
government as a payment of the income tax on the employee
word
of mouse: word-of-mouth publicity on the Internet. Owing to
the fast-paced and interactive nature of online markets, word of mouse
can spread much faster than its offline counterpart
working
capital: The excess of current assets over current
liabilities. The cash needed to keep the business running from day to
day.
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