Terms used in trade such as Goodwill, Googlewhack, Graduation ,Gravy Train,Gray market,Green Paper,Greenfield etc


Terms used in business such as Goodwill, Googlewhack, Graduation ,Gravy Train,Gray market,Green Paper,Greenfield etc.



This post explains about terms used in business such Goodwill, Googlewhack, Graduation ,Gravy Train,Gray market,Green Paper,Greenfield,Grey Knight,Gross Domestic Product,Grip 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


Goods and services:This includes all property (except for real property) and all types of services, including building and construction services.


Goodwill - The difference or premium which a purchaser pays, or which a seller asks, for a business or company compared to the 'book value' of its assets, typically representing intangibles such as brand value, intellectual property, talent, market relationships, etc., and which tend to reflect the overall value and appeal with which the purchaser regards the target acquisition. Over-estimating goodwill value, sometimes to an extraordinarily stupid degree, is a surprisingly common downfall of many big corporate takeover deals, when arrogance and blindness to market trends of the acquiring CEO and takeover team can lead to a reckless waste of shareholder funds and ruthless cost-cutting, post-acquisition, when performance, synergies and return on investment fail to reach required levels.


Goodwill:  The amount by which the price paid for a company exceeds the company's estimated net worth at market value of the underlying tangible assets and liabilities (Goodwill is a result of name, reputation, customer loyalty, location, products, etc.)


Goodwill : Goodwill is the good name of any business, which arises from the reputation, connection or other advantages possessed by the company. This intangible asset enables an organization to earn profits greater than the-return normally expected on the capital invested in the tangible assets.


Googlewhack - Two proper words (found in a dictionary) which together produce just a single result from a normal Google search. A googlewhack tends not to retain its status indefinitely, and sometimes only fleetingly, because due to the strange popularity of the effect, googlewhacks are likely to be published on the web when discovered, which immediately produces a second occurrence. Aside from the study of language and statistics there is no earthly purpose for this phenomenon, which apparently was first described by Gary Stock in 2001 and who runs a website dedicated to the concept.


Terms used in  business such as Goodwill, Googlewhack, Graduation ,Gravy Train,Gray market,Green Paper,Greenfield etcGovernment action / Fait du prince :These are local authorities' decisions, deficiencies and impairments that are of an arbitrary and discriminatory nature.


Grace - A period of time given to a debtor to enable them to pay an overdue bill or loan, or extra time given in a contract for a piece of work to be finished.


GRACE PERIOD:Time allowed a debtor in which legal action will not be undertaken by the creditor when payment is late.


Gradualism - A steady and calculated approach to transforming an economy from communism to capitalism.


Graduation - The point at which a developing country's eligibility for Generalized System of Preferences (GSP) is terminated for the reason of sufficient economic progression.


Grandfather Clause - A provision in a new law which allows the person or business already engaged in the activity, which may have been made illegal, to continue to be so engaged.


Graphology - The study of handwriting, often used as a way of analysing a person's character. See graphology.


Grass Roots - The ordinary people in a business or organisation, rather than the management or the decision-makers.


Gratis - To do or give something without payment. Free of charge.


Graveyard Market - A term used on the Stock Exchange to describe a Bear Market in which share owners are reluctant to sell because they face substantial losses, and buyers are reluctant to buy because the financial outlook is poor. Those who are in it can't get out, and those who are on the outside have no desire to get in.


Gravy Train - A business activity which makes a large profit for an individual or an organisation without much effort. To have it easy.


Gray market: a market in which goods are sold that have been manufactured abroad and imported. (2) the market segment occupied by older members of a population. (3) the unofficial trading of securities that havee not yet been formally issued.


Gray-market Imports - Gray-market imports are parallel distribution of genuine goods by intermediaries other than authorized channel members.


Green Audit - Also called Environmental Audit. An official assessment which shows the effect that an organisation or a company has on the environment.


Green Card - In the US, a legal document which allows an immigrant to become a permanent resident, to work legally and to become eligible for citizenship.


Green Paper - A discussion document, typically written and circulated in governmental situations, aiming to start a discussion and the process of producing a white paper, so as to table new legislation. See white paper.


Green Taxes - Also called Ecotax. Taxes which are levied on companies, businesses, etc., to discourage activities which will harm the environment.


Greenback - An informal term for US paper money, i.e., the dollar, derived from the colour of the money.


Greenfield - A Greenfield Investment is the investment in a manufacturing plant, office, or other physical company-related structure or group of structures in an area where no previous facilities exist.


Grey Knight - A third person, or company, who makes an unsolicited bid in a corporate takeover, and who takes advantage of any problems which arise between the first bidder (White Knight) and the company being acquired.


Grey Market/Gray Market - In marketing and business a grey market (gray market in US-English) is the supply of official goods through unofficial channels, for example the availability of branded consumer products on the internet from unauthorized stockists. Also called a parallel market or product diversion. These terms do not refer to counterfeit goods. The reference is to the unofficial, sometimes illegal, distribution and availability of official branded original goods. The term alludes to the older expression 'black market', and is used or analysed most commonly from the standpoint of manufacturers, who generally regard grey markets as threatening to their marketing distribution and pricing strategies. The term grey market extends widely and includes notably the substantial availability of products which have been diverted from one international marketing territory to another.


Grey Swan/Gray Swan - a marketing/economics/probability expression inspired by Nassim Taleb in his books about random events with big consequences, a 'grey swan' refers to a major predicted or known event of national or more usually international significance, which has uncertain outcomes and unquantifiable effects on society, economics, etc. See also the main expression, Black Swan.


Grip - In the film and TV industry, a member of the film crew who makes sure that the lighting is right for a scene. They also move scenery and set up large pieces of equipment.


Gross Domestic Product - Commonly abbreviated to GDP, Gross Domestic Product is a very frequently used term in business and economics, and basically refers to a nation's total production at market values. GDP is however not easily explained or understood at a detailed and precise level. GDP may be calculated in different ways. Each method requires some qualification of precise definition, and then comprises quite complex formulae, mainly to ensure there is no double-counting, and no ommissions. The main methods seem to be as follows, although each nation has its own rules, and various institutional bodies produce other rules and standards for calculations and definitions. Ordinary people can reasonably regard fully detailed definitions of GDP very confusing. Lots of experts do too. Here is a very simple guide: Simply, and firstly, GDP may be calculated by totalling the market (sales) values of all products and services. GDP may instead be expressed as the combined total spending on products and services by consumers, industry and state. Alternatively, GDP may be expressed in terms of a population's total incomes, plus other items such as corporate profits and taxes on products/services. Each of these methods contains several and variable minor additional factors and caviats. Other methods exist as well, as if the basic two or three methods were not confusing enough.


Gross Domestic Product (GDP) - A measure of the market value of goods and services produced by a nation. Unlike Gross National Product, GDP excludes profits made by domestic firms overseas, as well as the share of reinvested earning in domestic firms' foreign-based operations.


The above details describes about terms called in business such as Goodwill, Googlewhack, Graduation ,Gravy Train,Gray market,Green Paper,Greenfield,Grey Knight,Gross Domestic Product,Grip 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 Global Village,Globalisation ,Gobbledegook,Golden Formula,Gold Standard , Gold Reserve etc

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