Consumers – Consumers refers to individuals or households that use goods and services generated within the economy.
Customer Service – If the customer or recipient has any query or complaint relating to the service provided by the company, or if, subsequent to making a complaint directly with the operator on the day, the customer or recipient is still dissatisfied with the activity purchased, please address the complaint.
Distribution – statistics) an arrangement of values of a variable showing their observed or theoretical frequency of occurrence the spatial or geographic property of being scattered about over a range, area, or volume; “worldwide in distribution”; “the distribution of nerve fibers”; “in complementary distribution”,the act of distributing or spreading or apportioning, and statistics) an arrangement of values of a variable showing their observed or theoretical frequency of occurrence and the commercial activity of transporting and selling goods from a producer to a consumer.
Econmies of Scale – An economic theory stating that the marginal cost of production decreases as operation increases.
Employees – The Client shall take full responsibility and liability for the actions of his/her family, guests (including children), patrons, agents, employees.
Efficiency – The ratio of the output to the input of any system.
Freight Forwarding - Shipping is physical process of transporting goods and cargo. Virtually every product ever made, bought, or sold has been affected by shipping.
Industry sector - secondary sector of industry which creates a finished good, useable product or service but does not include all research and distribution.
Inventory - A detailed list of all the items in stock.
Logistics – The management of both inbound and outbound materials, parts, supplies, and finished goods. Includes such activities as production and scheduling.
Management:those in charge of running a business
Manufacturing:comprised of courses and/or programs related to planning, managing and performing the processing of materials into intermediate or final products and related professional and technical support activities such as production planning and control, maintenance and manufacturing/process engineering.
Operations:financial transactions at a brokerage; having to do with the execution of trades and keeping customer records.
Ordering: As soon as an order is placed, the Purchaser is deemed to have agreed to, and is bound by, the terms and conditions herein described by the Company.
Retailing:Businesses and individuals engaged in the activity of selling products to final consumers.
Revenue:In business, revenue or revenues (turnover in Europe) is income that a company receives from its normal business activities, usually from the sale of goods and services to customers.
Supply Chain:A sequence of events in a goods flow which adds to the value of a specific good. These events may include: -conversion -assembling and/or disassembling -movements and placements.
Technology:knowledge about the means and methods of producing goods and services.
Value Adding:an economic term which describes how a raw product is processed into a product which is of more value than the material in its raw state.
Warehousing:The holding of a mortgage on a short term basis pending either a sale to an investor or other long term financing
