The terms used in business such as Pie Chart ,Piecework,Ping ,Plain Language, Plaintiff,Planning etc.
This post explains about terms used in business such as Petty Cash,Photocall,Physical Capital,Pie Chart ,Piecework,Ping ,Plain Language,Plaintiff,Planning etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
The terms used in business
Peter Principle - Formulated by Canadian author Laurence J Peter (1919-1990): 'In a hierarchy, every employee tends to rise to his level of incompetence'. The theory that employees rise in rank in an organisation until they are finally promoted to a level, and remain there, at which they do not have the ability to do their job.
Petrodollar - Term coined by professor of economics Ibrahim Oweiss in the 1970s which describes the large amounts of money earned by oil production in OPEC (Organisation of the Petroleum Exporting Countries) countries.
Petty Cash - A small amount of cash kept by a business to pay for small purchases.
Phablet - A tablet computer that is also a phone. Or a phone that is also a tablet computer. This term emerged 2012/13 with the launch of the technology to which it refers. A word formed like this (i.e., a combination of parts of the two words/things it refers to - in this case, phone and a tablet) is called a portmanteau.
phantom income: income that is subject to tax even though the recipient never actually gets control of it, for example, income from a limited partnership.
Pharmaceutical - Relating to or engaged in the process of making and selling medicinal drugs.
Philanthropy/Philanthropist - Promotion of the welfare of others, typically through financial provision (a philanthorpist is one who does this). From the Greek philanthropos, meaning man-loving.
Philology - The branch of knowledge which deals with the study of the history of language and literature. Historical linguistics.
Phishing - A type of fraud carried out on the internet by sending people legitimate-looking e-mails asking for their personal information, such as bank account details, passwords, etc., and using them to steal their money.
Photo library / Photothèque :Business that provides a wide choice of quality photographs and/or illustrations to individuals or professionals by a variety of means: slides, CD-Rom, Internet, etc. Depending on the specific case, it might be necessary to obtain the rights to use a given image.
Photocall - A planned and announced occasion during which celebrities, politicians, products launches, etc., have photographs taken by the press and other media for publicity purposes.
Physical Capital - Refers to a company's assets which are used in a production process, such as machinery, buildings, materials, etc.
Phytosanitary Inspection Certificate / Certificat phytosanitaire :This certificate is issued by an official department of agriculture and attests that the plants and plant products are free from parasites or toxic substances.
Picket - A person, or persons, posted at the entrance of a place of work which is affected by a strike, in order to stop people entering the premises.
Pictogram - Also called a Pictograph. A graphic symbol or diagram which represents a concept, an amount, an activity, etc., in pictures.
Pie Chart - A chart or graph which is circular in shape and divided into triangular sections (like slices of a pie), the sizes of which are relative to the quantities represented.
Piece Rate - A payment system in which employees are paid a fixed rate for each item they produce.
Piecework - Work in which payment is based on the amount of work done regardless of the time it takes to do it.
Piggyback / Ferroutage :Combination of rail and road transport.
Piggyback - A system which rides on the back of an existing system, e.g. a loan or mortgage or an advertising campaign.
PIN - Personal Identification Number. A number given by a bank to a customer so the customer can access their bank account using an ATM (cash machine), or use their credit/debit card in retail outlets.
Ping - Packet INternet Groper. An Internet program which is used to check if another computer on a network is working. To contact someone on a computer.
Pink Collar - Describes jobs which were once traditionally done by women, such as nursing, secretarial, teaching, etc.
Pink Sheets - Formally known as Pink Quote. In the US, a system displaying over-the-counter shares, which is published every day. Most companies listed on the Pink Sheets are very small and do not meet the minimum requirements for trading on the Stock Exchange.
Pink Slip - In the US, an official notice of job termination given to an employee.
Piracy - The unauthorised copying of CDs, DVDs, computer programs, etc., in order to sell them or give them away.
piracy: illegal copying of a product such as software or music.
Pixel - Short for Picture Element. The smallest element of an image displayed on a computer screen. The quality of the image depends on the number of pixels per square inch, i.e., the more pixels the higher the resolution.
placement fee: a fee that a stockbroker receives for a sale of shares.
Plain Language - Represented notably by the Plain Language Movement, and the Plain Language Information and Action Network (PLAIN), in the late 1900s Plain Language became a generally recognized technical term for the advocation and use of clear explanations, descriptions, instructions, etc., in official documents and other communications, which frequently use goobledegook or 'officialese', i.e., language which is overly complex and/or containing confusing jargon and abbreviations, etc. See gobbledegook.
Plaintiff - A person who brings a lawsuit against someone else in a court of law.
Planned Economy - A country's economic system controlled by the government, which makes all the decisions about production, distribution and consumption of goods and services.
planning: the process of setting objectives, or goals, and formulating policies, strategies, and procedures to meet them.
Planogram - In retailing, a drawing or diagram which shows when and how products should be displayed in a store.
Plant and equipment - a group of fixed assets used in the operation of a business such as furniture, machinery, fit-out, vehicles, computers and tools.
Plasma - Interestingly, in physics, plasma is the often overlooked fourth state of matter, aside from solid, liquid and gas. Plasma is ionized gas containing free electrons, making it responsive to electromagnetism, and conductive of electricity, in turn enabling it to take a very visible physical shape unlike other forms of gas. The stars are made of plasma; so is lightening and the Northen Lights (Aurora Borealis). Plasma display screens also basically employ this effect.
PLC - Public Limited Company. In the UK, a company with limited liability, whose shares can be purchased by the public.
Plenary/Plenary session - Plenary essentially means full or complete. In the context of formal organized gatherings it means fully attended by everyone together. The term 'plenary session' is very commonly used in business and management to refer to a session which all attendees attend at a conferences or other event, notably to differentiate from smaller sessions of sub-groups concerened with different topics and held in different locations/rooms. Separately plenary refers to something or someone having a complete or absolute quality, such as an official with plenary (full and complete) power.
The above details describes about terms called in business such as Petty Cash,Photocall,Physical Capital,Pie Chart ,Piecework,Ping ,Plain Language, Plaintiff,Planning etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in business such as Permission Marketing,Personal Assistant , Personal Development,Personal Liability etc
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