Terms used in business such as Gatekeeper, Geek Speak,General Average,Generalist, Generation X,Geocentric Multinational etc.
This post explains about terms used in business such as gap analysis, Garnish, Gatekeeper, Geek Speak,General Average,Generalist,Generation X,Geocentric Multinational,Generalized System of Preferences 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
gap analysis: a marketing technique used to identify gaps in market or product coverage. In gap analysis, consumer information or requirements are tabulated and matched to product categories in order to identify product or service opportunities or gaps in product planning.
Garden Leave - Also called Gardening Leave. Term used when an employee's contract has been terminated but they are instructed by the company to stay away from work, on full pay, during their notice period. Often to prevent them from working for competitors during that time.
Garnish - To take part of someone's wages, by law, to pay their debts, e.g. child support, alimony.
Garnishee Order:It is an order given by a court instructing a person not to pay the debt, which he owes to his creditors. A person receiving such an order from the court is called a garnishee.
Gatekeeper - A person in an organisation who controls access to the people in the organisation, and/or controls access to information or goods, or even a market. Microsoft could be described as a gatekeeper to the computer industry. Google could be described as a gatekeeper to the internet industry.
Gateway - The video connection between the subscriber's videoconferencing network and the Sprint videoconferencing point of presence which will enable videoconferencing communications between subscriber's videoconferencing facilities and the Sprint network system.
gateway: E-Commerce: a point where two or more computer networks meet and can exchange data.
Gazelle - A US term for a fast growing company that creates a lot of job opportunities, and which has grown by at least 20% in the last four years.
Gazump - In selling and buying property, a term used to describe when a purchaser has an offer accepted by the vendor but is then gazumped because someone else makes the vendor a higher offer which the vendor then accepts instead of the first person's offer.
GDP - Acronym for Gross Domestic Product, a significant measure of economic performance. Gross Domestic Product (GDP) is the market value of national final goods/services. GDP per capita (per head) is generally considered an indicator of national standard of living.
GDP: Gross domestic product, the total flow of services and goods produced by an economy over a quarter or a year, measured by the aggregate value of services and goods at market prices.
GDVS :Graduate Data Verification System.
Geek Speak - Technical language often used by computer experts which doesn't make sense to non-technical people.
General Access Port - Denotes an entrance or exit device on a switching machine which provides a means of connection between that switching machine and a termination point of service. General Access Port may itself be a termination point of a Sprint Advanced WATS circuit.
General Agreement on Tariffs and Trade (GATT) - A post-World War II agreement designed to promote freer international trade among the nations of the world. The GATT was replaced by the World Trade Organization (WTO) in 1994.
General average / Avaries Communes :Damages of this kind are specific to sea and inland waterway transport and are caused by an event that would jeopardise the ship and its cargo if the captain were not to take any initiative in the common interest (e.g. part of the cargo is sacrificed to avoid a shipwreck). In such a scenario, the extraordinary expenses incurred and the value of the goods sacrificed will be paid for by all those who benefit from the action.
General Average / Avaries Communes :Intentional and successful act or sacrifice which is carried out to safeguard vessel and cargo. When a vessel is in danger, the master has the right to sacrifice property and/or to incur reasonable expenditure. Measures taken for the sole benefit of any particular interest are not considered general average.
General Average - A maritime law where shippers agree to reimburse the damage done to a ship or cargo in case of a catastrophic event.
General Creditor - A person or company that lends unsecured money, so that the creditor is unlikely to recover much of the loan if the debtor goes bankrupt or does not pay it back.
General Strike - Widespread withdrawal of labour by a nation's workforce, which aims at bringing the country to a standstill because of a disagreement over pay and/or working conditions. -
General System of Trade Preferences among Developing Countries (GSTP) - An agreement established in 1988 as a framework for the exchange of trade preferences among developing countries in order to promote intra-developing-country trade.
General terms of sale / CGV :The General Terms of Sale help to legally identify the conditions of the sale.
Generalist - A person who has a broad general knowledge at a high level, and/or many skills.
Generalized System of Preferences (GSP) - A program of tariff preferences for designed to encourage the economic growth of certain developing countries. In accordance with the Generalized System of Preferences (GSP), developed countries let the manufactured and semi-manufactured goods of eligible developing countries enter with either no duty or a lower rate than is applied to other countries.
Generally Accepted Accounting Principles (GAAP) - A common set of accounting concepts, standards, and procedures by which financial statements are prepared.
Generation X - A term used for people born during the 1960s and 1970s, who are often described as disaffected and irresponsible.
Generation X: the generation of people born between 1963 and 1981 who entered the workplace from the 1980s onward, brining new attitudes to working life that run contrary to traditional corporate expectations.
Genericized Trademark/Brand - A trademark or brand which has become a generally used word in common language in referring to all versions/makes/types of the product class, for example Hoover, Sellotape, Durex, etc. Corporations whose trademarks develop in this way try to reduce the commercial threat (to the protectable status and asset value of the brandname as intellectual property) typically by legal action against anyone exploiting or misusing the name, especially competitors. Where a court decides that the name has been substantially genericized for many years, or its protections in adequate or undermined, then these legal actions and effective trademark registration/protection may be lost. In terms of language used by the general public, resistance/action by the name owner is basically hopeless, given that the cause is societal/cultural/language-change on a vast scale. Below is a list of famous genericized trademarks; some are no longer registered/protected, and protections may vary in different parts of the world. The registration/protection status is interesting for publishing/reference reasons because technically registered trademarks should be shown with the TM or R symbol. Quite separately the effect of genericized trademarks demonstrates the power of big brands to enter public consciousness at a generic and fundamental level of language and culture. Some people argue that a genericized trademark is by definition one that has lost its official protected 'trademark' status. The counter-argument is that in such circumstances the term 'genericized trademark' is contradictory, as it would no longer be a trademark. Whatever, here is a list of trademarks (which may be current, expired, or legally overturned) that can reasonably be considered genericized to a lesser or greater degree , i.e., the word is used sometimes or almost always by ordinary people to refer to similar products and variants regardless of manufacturer and actual brandname.
Geocentric Multinational - A multinational in which the subsidiaries are neither satellites nor independent city states, but parts of a whole whose focus is on worldwide objectives as well as local objectives, each part making its unique contribution with its unique competence.
The above details describes about terms called in business such as gap analysis, Garnish, Gatekeeper, Geek Speak,General Average,Generalist,Generation X,Geocentric Multinational,Generalized System of Preferences 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 trade such as Fulfilment House,Full Duplex Operation,Full-Time Contract , Gainsharing,Game Theory etc
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