The terms used in business such as Permission Marketing,Personal Assistant , Personal Development,Personal Liability etc.
This post explains about terms used in business such as Penetration Pricing, Pension,Per Capita ,Perils- of the Sea,Perjury,Permission Marketing,Personal Assistant , Personal Development,Personal Liability 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
Penalty Clause - A clause in a contract which states that a specified sum of money must be paid by the party who breaks the contract.
Penetration Pricing - The practice of charging a low price for a new product for a short period of time in order to establish a market share and attract customers.
Penny Share - Describes shares which have a very low value and therefore appeal to speculators.
Pen-Pusher - An employee with a boring job whose work consists of dealing with unimportant documents, paperwork, etc.
Pension - A private or government fund from which regular payments are made to a person who has retired from work, or who is considered too ill to carry on working.
Pension Fund - A fund set up to collect money on a regular basis from employers and employees, which pays the employees pension when they retire from work.
Peppercorn Rent - In the UK, a very low or nominal payment, which was originally a single peppercorn, made to secure a lease.
Per Capita - For each person in the population. Per head. An expression of something (for example car ownership, consumption, etc) in relation to the population of a particular city, nation, etc.
Per Diem - Latin for 'Per Day'. Often refers to money paid to employees for daily expenses or reimbursements.
perception: The process of selecting, organizing and interpreting information received through the senses.
Perfect Competition - Describes a market in which no one can influence prices because there is enough information about a product to prevent control by an individual or a single organisation.
Perfect Market Assumptions - A set of assumptions under which the law of one price holds. These assumptions include frictionless markets, rational investors, and equal access to market prices and information.
Perfect Storm - Coincidentally arising circumstances combining to produce a disastrous effect. This is an allusion to weather factors, commonly applied to economic or trading situations, but applicable to any disaster or chaotic outcome resulting from forces or effects whose combination and timing has not been thought likely or anticipated at all.
perfomance appraisal: a face-to-face discussion in which one employee's work is discussed, reviewed, and appraised by another, using an agreed and understood framework.
Performance (Project/Program) Evaluationon Review Technique - PERT. A management scheduling tool which charts the tasks involved in a project, showing the sequence of the work, the time needed for each task, etc.
Performance-Related Pay - A scheme set up in the workplace in which the employees get paid according to how well they perform in their job.
Peril Point - The limit beyond which the reduction of tariff protection in a given industry would cause it serious injury.
Perils of the sea / Fortune de Mer :This term refers to all the risks likely to occur during transport by sea.
Perils- of the Sea:The term ‘perils of the sea’ used in marine policy does not include every casualty, which may occur to the subject matter of the insurance on the sea. It includes only the casualties that result from the violent action of the elements as distinguished from the silent natural and gradual action of the elements upon the vessel itself. Thus the insurer will be liable only if the loss or damage is the proximate result of the fortuitous accident of the sea, e.g., action of storm, cyclone and waves, etc.
Peripatetic - Working or travelling from place to place, staying at different locations for a short period, such as, and especially as a teacher does, in working at more than one school. The teacher analogy is apt since the word derives from the Greek peripatetikos, and the earlier peripatein, which referred specifically to the teaching style of Aristotle (384-322 BC, Greek philosopher, student of Plato, teacher of Alexander the Great), who walked about while he talked. The ancient Greek prefix peri means around, or round, and patein means to tread.
Perishables - Describes food, such as fruit, meat, fish, dairy products, etc., which will decay or spoil rapidly.
Perjury - The criminal offence of knowingly telling a lie (with intent to influence the outcome of the hearing) in a court of law after having taken an oath or affirmation. It closely relates to and is often implicit within the offence of perverting the course of justice, which in the UK technically carries a maximum penalty of life imprisonment. The word perjury derives from Latin perjurium, meaning false oath, similar to jury which comes from jurare, meaning to swear.
Permanent Virtual Circuit ("PVC") - A virtual point-to-point (non-switched) logical link between two specific end-points over which packetized (frames) data can be transmitted according to defined service characteristics.
Permatemp - A person who works for an organisation on a long-term contractual basis, but who is not a permanent employee.
Permission Marketing - A term used for the advertising of products or services on the Internet, for which the marketing company obtain the consent of prospective customers to send them information about certain products or services.
Personal Action - A type of court case in which an individual claims damages for personal injury, damage to his property, etc.
Personal Allowance - Known as Personal Exemption in the US. The amount of income an individual can earn in a year before paying tax.
Personal Assistant - PA. A person who works for one person, often an executive, in an organisation, performing secretarial and administrative duties.
Personal Day - When an employee is permitted to have time off work to deal with personal matters.
Personal Development - Also called Self-Development. Acquiring abilities, skills, knowledge, etc., in order to enhance one's performance and self-perception.
Personal Information Manager - PIM. Computer software which handles personal information, such as names, addresses, memos, lists, e-mails, etc.
Personal Liability - An individual's legal responsibility in the event of injury to someone, damage to property and/or the debts of their own company.
Personal Property - covers any property someone can own, except for land, buildings and fixtures. Examples include goods, plant and equipment, cars, boats, planes, livestock and more.
Personal Property Security Register (PPSR) - the PPSR External Site replaces a number of registers of security interests and provides a single national noticeboard of security interests in personal property.
Personalisation / Personnalisation :Technique that thanks to computer technology, allows for the inclusion of specific elements for each recipient in a mailing (name, address, business history, etc.)
Personnel - The people who work for a business or organisation. An administrative department in an organisation which deals with employees and often liaises between departments.
Personnel Plan: A written description of your business's staffing requirements. (It should include a breakdown of your needs by position and the number required.)
Persuasion/The Three Modes of Persuasion - Aristotle's 2,300 years-old three principles model for communications which successfully move an audience to action or change (see the fuller definitions and examples of The Three Modes of Persuasion):
PEST Analysis - Political Economical Social and Technological Analysis. A business tool which is used in strategic planning and helps to understand the environmental influences on a business or orgasnisation.
The above details describes about terms called in business such as Penetration Pricing, Pension,Per Capita ,Perils- of the Sea,Perjury,Permission Marketing,Personal Assistant , Personal Development,Personal Liability 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 Paternity Leave,Pathos,Pawnbroker,payment gateway,Payout Ratio,Pecuniary etc
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