The terms used in business such as Political Risk,Ponzi Scheme,Polycentric Staffing, Portfolio ,Portmanteau Word ,Positioning etc.
This post explains about terms used in business such as Plutocracy , Poaching/Poacher, Points Quote,Political Risk,Ponzi Scheme,Polycentric Staffing, Portfolio ,Portmanteau Word ,Positioning 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
Plimsoll - Named after merchant Samuel Plimsoll. International Load line or Waterline on the hull of every cargo ship, which indicates the maximum depth to which a ship can be safely loaded with cargo.
Plutocracy - A government which is controlled by wealthy people.
PMI - Purchasing Managers Index. Published every month, an economic measure relating to manufacturing. A PMI over 50 indicates industry is expanding.
PMR :Principal’s Monthly Report.
PO Box / Boite postale :Post Office box.
Poaching/Poacher - Poaching refers to an employee who targets and wins customers of a previous employer, typically by exploiting knowledge and contacts accumulated from the previous employment. The term most commonly refers to sales people, but is applied to any employee who approaches and wins customers from a previous job by exploiting his/her previous knowledge or records of customers and related information. The behaviour/behavior is extremely common in all types of business, and at all levels, especially where customer loyalty is strongly based on contact/skills/service/relationship on a personal basis rather than an impersonal organizational loyalty. Employers in industries vulnerable to such activity (basically all businesses which entail strong personal relationships between employees and customers) seek to limit the risks of poaching via 'post cessation covenants' in employment contracts, although enforcing such terms is often very difficult for employers due to contra-obligations protecting employees from 'restriction of trade'. See the related term 'gamekeeper to poacher'.
poaching: the practice of recruiting people from other companies by offering inducements.
Point of Presence - Sprint's physical presence where Sprint maintains intercity communications channels and local distribution facilities for the purpose of providing its services.
point of purchase: the place at which a product is purchased by the customer. The point of sale can be a retail outlet, a display case, or even a legal business relationship of two or more people who share responsibilities, resources, profits and liabilities.
Points Quote - An abbreviated form of the outright quote used by traders in the interbank market.
Poison Pill - A business strategy used by a company to avoid being taken over by another company, e.g., the selling of assets, shares, etc., to make the company look less attractive to the potential buyer.
Poisoned Chalice - A job or situation which seems good at first but soon becomes unpleasant or harmful.
Policy / Police :Insurance contract (credit insurance or investment insurance) concluded between the exporter and the Credit Insurer.
Political Correctness/pc/non-pc - commonly abbreviated to pc or PC, and more usually in the negative form 'non-pc'. 'Political correctness' is the practice of not using words, expressions, actions, etc., which could cause offence to (especially) minority groups, or in fact to any group which might reasonably be offended by the words or actions concerned. PC is sometimes alternatively ironically interpreted to mean 'Political Claptrap/Claptrappers', referring to over-zealous application or expectation of political correctness.
Political risk / Risque politique :This is the risk of non-payment due to the responsibility of the State. This risk can be covered by credit insurance or a confirmed Documentary Credit.
Political Risk - The risk that a sovereign host government will unexpectedly change the rules of the game under which businesses operate. Political risk includes both macro and micro risks.
Polycentric Staffing - A staffing policy in a multinational enterprise in which host-country nationals are recruited to manage subsidiaries in their own country, while parent-country nationals occupy key positions at corporate headquarters.
Polymath - A person of great knowledge and varied learning. Loosely from Greek poly, many, and manthanein, learn.
Ponzi Scheme - Named after Charles Ponzi, a fraudulent investment scheme, similar to a Pyramid Scheme, in which people are offered high returns, while their money is used to pay earlier investors, so that later investors often end up with little or no return because new investors can't be found.
Poorgeoisie - People who are rich but pretend they don't have much money.
Pop-Under - On a computer, an advertisement, etc., which comes up on the screen behind the web page which is being viewed, and does not appear until the page is closed.
Pop-Up - On a computer screen, a small window containing an advertisement, etc., which appears on a page on top of the content which is being viewed.
Pork Barrel - A US political term for when government funds are used for projects which benefit certain local groups or constituents, and show their political representative in a good light.
Port Of Entry - A place in a country where people and/or goods can officially leave or enter.
Port of exit / Bureau de sortie :Last customs office from where the goods physically leave European Union territory.
Portal - On the Internet, a website, usually a search engine, which is the point of entry to other websites, and offers services such as e-mail, news, shopping, etc.
Porter's Generic Strategies - Named after economist Michael Porter. Describes strategies used by companies to achieve a strong advantage against competitors.
Portfolio - A collection of investments, such as shares, bonds, etc., which are owned by an individual or organisation.
Portfolio Career - Concept attributed to guru Charles Handy in the 1990s. A career in which a person pursues several jobs at the same time, rather than working full-time for one particular company.
Portmanteau Word - A word formed from parts of two separate words, whose combined meanings generally produce the new meaning also. Many new management and business words, especially slang and jargon, enter the language in this way, and some become popular and well-established. See portmanteau words in the cliches and expressions origins page.
POS / Point de vente :Point of sale.
Positioning / Positionnement :Characteristics of a product expressed in its field of competition, defining itself by means of its proximity, to or distance from, its rival products and/or the expectations of consumers.
Positioning - Term used to describe the way a company, product, service, etc., is marketed in order to make it stand out from the competition by choosing a niche according to brand, price, packaging, etc.
Positive Discrimination - In the UK, a company's policy of favouring a disadvantaged (because of race, sex, etc.,) group by making sure that jobs are given to people in these groups.
Positive Sum Game - A win-win situation in which both sides involved in a business transaction, etc., can profit.
Post Cessation Covenant - An employment contract clause/provision which seeks to prevent an employee from exploiting his/her knowledge/contacts/relationships after leaving the employment and to compete with the previous employer, or to work for a competing organization. Such covenants typically apply for six months, or a year, or longer, and are also defined according to market sectors and geographical territories. Post cessation covenants are difficult to enforce, notably in small consumer businesses identifying and proving the loss and acquisition of clients, and balancing actions against 'restriction of trade' obligations, but in some cases employers recover substantial damages from previous employees who breach their terms. See 'poaching'.
The above details describes about terms called in business such as Plutocracy , Poaching/Poacher, Points Quote,Political Risk,Ponzi Scheme,Polycentric Staffing, Portfolio ,Portmanteau Word ,Positioning 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 Pie Chart ,Piecework,Ping ,Plain Language, Plaintiff,Planning etc
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