Terms used in business such as Competitor Analysis,Compliance Officer,Compulsory Purchase,Conciliation,Conditions etc.
This post explains about terms used in business such Competitor Analysis,Compliance Officer,Compulsory Purchase,Conciliation,Conditions,Confidentiality agreement,Conflict of Interest,Confirming Bank,Consideration 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.
Terms used in business
Competitor Analysis - Also called Competitive Analysis. A company's marketing strategy which involves assessing the performance of competitors in order to determine their strengths and weaknesses.
Complementary Imports - The imports of goods or services that the importing country does not possess or produce.
Compliance Officer - A corporate official whose job is to ensure that a company is complying with regulations, and that its employees are complying with internal policies and procedures.
Compliant Documents - Documents presented under a letter of credit that comply with all its terms and conditions. The banks are only obliged to pay the beneficiary if documents are totally compliant.
Compound Interest - Interest which is calculated on not only the the initial loan, but also on the accumulated interest.
COMPOUND INTEREST:Interest earned on previously accumulated interest plus the original principal. Most spread sheets can calculate this easily for you but for the curious, the formula is C = P(1 + r/n)n, where C=compound amount, P=original principal, r=annual interest rate, n=total number of periods over which interest is compounded.
Compounding: The calculation, payment, or receipt of compound interest.
Compromise Agreement - Euphemism for a 'Gagging Clause'.
Compulsory Purchase - When an organisation has the legal right to force the sale of land, property, etc., usually to build motorways or railways.
Computer technology and business consulting firm / Société conseil en informatique et bureautique :Computer service specializing in management of databases and with extensive expertise in address standardisation, de-duplication, scoring, providing specific information in addresses, etc.
Computer: A computer is a machine that consists of two parts the machinery and the human provided logic. The computers machinery is known as hardware and the human provided logic is called the computer’s software. It symbols are a series of programs given by the users or by the manufactures. Consequently a computer executes any program what it is instructed to do. This machine is very speed. The speed of its operation is measured in nanoseconds millions of a second. Computers may be of different types
Concept - A thought or notion. An idea for a new product, advertising campaign, etc.
Concierge - An employee of e.g. an hotel who provides a service to guests, such as handling luggage, delivering mail and messages, making tour reservations, etc.
Conciliation - To bring two disputing sides together to discuss the problem with the aim of reaching an agreement.
Concordance - In publishing, a concordance is an alphabetical list of the key words from a text showing their meanings. Concordances are rare in old large books because of the time and effort required to compile them, but more commonly arise in modern computer-generated applications. A concordance is a sort of cross-referenced index, but in (sometimes very much) more detail than the standard index of chapters and subjects typically shown before the main content. There are other more complex and different meanings of the word concordance relating to various technical applications (mathematics, genetics, etc) where often the meanings concern duality or cross-referencing of some sort.
Conditional Sale - A purchasing arrangement, usually where the buyer pays in instalments but does not become the legal owner of the goods until the full purchase price has been paid.
Conditional Sales Contract: A contract in which owner retains title until buyer has met all terms and conditions; a familiar device in land sales; also called land contract or installment contract. (Buyer acquires equitable title until final payment; after delivery of deed, buyer has legal title.)
Conditions - Conditions are the major terms and form the basis of any contract. If one of them fails or is broken, the contract is considered to have been breached.
Conditions for participation:The minimum conditions you must possess in order to participate in a procurement process. For example, to be considered you may need to have a certain registration, qualification, or other prerequisite.
Conditions of contract:The contractual terms that will be used.
Conditions of offer (also known as conditions of tender):The terms and conditions that govern an approach to market process.
Conference Call - A telephone call which allows three or more people to take part at the same time.
Confidential Business Profile: A document utilized in the sale of businesses that details and showcases aspects of the business for sale while being accurate and truthful
Confidentiality agreement - an agreement that protects confidential information if it has to be disclosed to another party during discussion or contract negotiation. It forms a binding contract not to pass on that information whether or not the actual contract is ever signed.
Confidentiality Agreement: A pact that forbids buyers, sellers, and their agents in a given business deal from disclosing information about the transaction to others (aka Non-Disclosure Agreement - NDA)
Confirming Bank - A Confirming Bank assumes responsibility to a seller for payment to the buyers bank, as long as the terms and conditions are reached and the letter of credit has been met.
Conflict of Interest - A much overlooked, under-estimated, yet highly prevalent factor in the execution of any responsibility or activity, where an organization/group/individual is subject to incompatible demands, opportunities, incentives, or responsibilities, etc., and especially where there is potential for one demand to distort the proper honest diligent execution of responsibility in achieving the second demand, i.e.., the incompatibility is competing and mutually unhelpful. A conflict of interest produces divided loyalties, for example where a person represents two different competing businesses, or an employee is responsible for managing family members or personal friends. Nepotism unavoidably involves a conflict of interest, regardless of intent. Politicians being paid to give advice to corporations also unavoidably involves a conflict of interest, even where there appears to be no direct connection between the politician's political responsibilities and the nature of the advice and corporate 'client'. In this respect, and elsewhere, denial of conflict of interest generally ignores the value and influence of indirect connections, obligations, 'quid-pro-quos', especially via friends and associates. Similarly where advisors work for a government or regulatory authority, and also have external commercial interests, there is always and unavoidably some conflict of interest. Any form of organizational self-regulation or self-investigation almost always entails a conflict of interest. Common commercial conflicts of interest arise where a provider is able to benefit in the supply of one service as a direct result from the provision of another related service and whose overall effect is typically to the disadvantage of the 'client' organization. Common examples of corporate or organizational conflict of interest may arise where a group/organization seeks to combine provision from the two lists below, where the second activity concerns the first. The lists are not exhaustive and offer merely very broad examples to illustrate the principle. Be sure to clarify context before making firm judgments:1.giving service 2.training 3.product supply 4.setting prices 5.buying 6.awarding contracts 7.quality maintenance 8.specifying/selecting regulation of service 9.accreditation of training 10.investigation of faults/complaints 11.supplying 12.representing suppliers 13.inspection/quality assessment 14.selling
Conglomerate - A corporation which consists of several smaller companies with different business activities.
Conservator - In law, a guardian or protector appointed by a court to manage the affairs, finances, etc., of someone who is too ill or incapable of doing so themselves.
Consideration - in a contract each side must give some consideration to the other. It's usually the price paid by one side and the goods supplied by the other but can be anything of value to the other party.
The above details describes about terms called in business such as Competitor Analysis,Compliance Officer,Compulsory Purchase, Conciliation, Conditions, Confidentiality agreement,Conflict of Interest,Confirming Bank,Considerati
on 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 business trade below this post.Terms used in business such as Commission,Commodity Swap,Common Law , Commonwealth,Companies House,Company seal etc
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