Terms used in trade such as Principal,Primary Market,Private Line Service,Privatization,Pro Bono etc

 

The terms used in business such as Principal,Primary Market,Private Line Service,Privatization,Pro Bono etc.

 

This post explains about terms used in business such as price planning,Price Fixing,Price Discrimination,Primary Research,Principal,Primary Market,Private Line Service,Privatization,Pro Bono 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

 

Price Discrimination - The practice of a provider to charge different prices for the same product to different customers.

 

Price Discrimination - The practice of charging different prices for the same product in different markets.

 

price discrimination: the practice of selling of the same product to different buyers at different prices.

 

Price Elasticity of Demand - The sensitivity of quantity sold to a percentage change in price.

 

The terms used in  business such as Principal,Primary Market,Private Line Service,Privatization,Pro Bono etcPrice Fixing - The, often illegal, practice of prices being fixed, by agreement, by competing companies who provide the same goods or services as each other.

 

price floor: The lowest amount a business owner can charge for a prod­uct or service and still meet all expenses.

 

Price Mechanism - Describes the way prices for goods and services are influenced by the changes in supply and demand. Shortages cause a rise in prices, surpluses cause a fall in prices.

 

price planning: The systematic process for establishing pricing objec­tives and policies.

 

Price Support - A system in which a minimum price is set by a government, and sometimes subsidised, for a product or commodity.

 

Price Taker - A company or individual whose selling or buying of goods and services has little or no influence over prices.

 

price war: a situation in which two or more companies each try to increase their own share of the market by lowering prices.

 

Pricing / Politique de prix :A plan or statement of prices set by a company for its products and services.

 

Pricing / Pricing :Term designating both the price strategy and its results, in order to define a price level.

 

Pricing - To evaluate the price of a product by taking into account the cost of production, the price of similar competing products, market situation, etc.

 

Pricing Constraints - Pricing constraints limit the prices a company may set for their goods or services.

 

Pricing Controls - Pricing controls establish and maintain the maximum price levels goods or services can have, especially during times of inflation or war.

 

Primary Data - Data which is collected by a company, business, etc., itself for its own use, using questionnaires, case studies, interviews, etc., rather than using other sources to collect the data.

 

Primary Demand - Consumers demand for a generic product rather than a particular brand.

 

Primary Interexchange Carrier (PIC) - The interexchange carrier to which a switched access line is presubscribed.

 

Primary Market - On the Stock Exchange, when shares, securities, etc., are issued for the first time.

 

Primary Research - Also called Field Research. The collection of new or primary data through questionnaires, telephone interviews, etc., for a specific purpose.

 

Primary yield / Rendement primaire :In the case of a mailing operation completed in two rounds, refers to the percentage of responses received to your mailing in relation to the number of messages sent.

 

Prime Cost - In manufacturing, etc., the cost of direct materials and labour required to make a product.

 

Principal - In finance, principal (the principal, or the principal sum/amount) refers to an amount of money loaned or borrowed. The term is used particularly when differentiating or clarifying an amount of money (loaned/borrowed/invested) excluding interest payments. Separately, more generally, in business the term 'the principal' refers to the owner of a business or brand, as distinct from an agent or representative, such as a franchisee.

 

Principal franchisee / Master franchisé :The franchisee who holds title to a contract of exclusivity for the development under a franchise of a trade name in a given territory (regional or national). It is a frequent practice with companies that wish to set up shop outside their national territory, in particular when they are unfamiliar with the country in question.

 

principal: The amount of money borrowed in a debt agreement and the amount upon which interest is calculated.

 

Private Brand - Also called House Brand. A product which is owned by a retailer, and therefore has its own brand label on it, rather than the manufacturer or producer.

 

Private Company - Called A Private Corporation in the US. A company whose shares are not offered to the general public on the open market.

 

Private Equity - Describes companies shares which are not available for investors to buy and sell on the Stock Market, because the company is unlisted.

 

Private Limited Company:It is a company formed by two or more persons but not exceeding fifty person it prohibits any invitation to the public to subscribe to its shares and restricts the right of is shareholders to transfer their shares. The liability of the members of a private limited company is limited.

 

Private Line Service - The Intercity Channel(s) and point of presence connection(s), station connections and channel option(s) furnished under this schedule to a Subscriber as a unit uninterrupted by any switching function(s).

 

Private Sector - The part of a country's economy which is owned and run for profit by private businesses rather than being government controlled.

 

Privatise/Privatize - (UK/US English spelling) To change or sell a government controlled business or industry to privately owned companies.

 

Privatization - A process whereby publicly owned enterprises are sold to private investors (contrast with nationalization).

 

Privity - A legal relationship between two parties in a contract.

 

PRO - Public Relations Officer. Also known as a Chief Communications Officer. A person whose job is to promote and establish a good relationship between their client - an organisation or an individual - and the public.

 

Pro Bono - Short for Pro Bono Publico (Latin for 'The Public Good'). Work carried out in the public interest for no fee or compensation, e.g. by a lawyer.

 

Pro forma invoice / Facture proforma :The pro forma invoice is like a commercial contract in miniature and is perfectly suited to commercial transactions concerning ordinary goods.

 

Pro Forma Invoice - An invoice prepared by a supplier describing goods, price, quantity, etc., which is sent to the buyer before the goods are supplied.

 

Pro Rata - In proportion to. Refers to the division of costs, profits, income, etc., depending on the size of each persons share in the whole amount.

 

Pro Tem - Temporarily. For the time being.

 

Pro Forma Financial Statements:  Hypothetical financial statements (Financial statements as they would appear if

 

probability: the quantitative measure of the likelihood that a given event will occur.

 

probation: a trial period in the first months of employment when the employer checks the suitability and capability of a person in a certain role, and takes any corrective action.

 

The above details describes about terms called in business such as price planning,Price Fixing,Price Discrimination,Primary Research,Principal,Primary Market,Private Line Service,Privatization,Pro Bono 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 Predatory Lending,Predatory Pricing , Present Value,Press Agent,Press Release etc

Related posts about free online training on export trade:

 

 

How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Different types of export containers
How to get GSP certificate of origin in India?
Types of export containers
Foreign Trade Policy of India 2015-20
Authorized offices to issue COO under India Afghanistan Preferential Trade Agreement
Who are authorized to issue Certificate of origin under Global System of Trade Preferences (G S T P)
Authorized agencies to issue Certificate of Origin under Asia Pacific Trade Agreement (APTA)
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
How does CENVAT Credit work?
Why need Certificate of Origin
Why prefer exports?
How many types of imports in India. Types of bills of Entry in India
How many types of shipping bills in export
How to add Line number in Import General Manifest in Custom in India
Import General Manifest (IGM)
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers