The terms used in business such as Multinational Netting,Murphy's Law,Naked Debenture , National Brand,National Debt,National Tax Policy etc.
This post explains about terms used in business such as Mouse Potato,Multidomestic strategy,multilevel sales,Multinational Netting,Murphy's Law,Naked Debenture ,National Brand,National Debt,National Tax Policy 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
Mouse Potato - Amusing modern slang term for a person who sits for long periods in front of a computer, especially using the internet, instead of engaging in more active and dynamic pursuits. Mouse Potato is a clever adaptation of the older 1970s slang 'couch potato', referring to a person who spends too much time sat watching TV, eating and drinking too. Both terms originated in the USA, although these lifestyles are certainly not restricted to the USA.
MRP / Prix conseillé :Manufacturer's recommended price.
Mulct - A fine or financial penalty, or the verb form, to cheat or swindle someone out of money or penalize someone by imposing a fine, from the Latin word multare, to fine.
Multidomestic strategy - A strategy emphasizing the need to be responsive to the unique conditions prevailing in different national markets.
Multilateral - Involving or agreed upon by three or more groups, nations, companies, etc. See Bilateral and Unilateral.
Multilateral Environmntal Agreements (MEAs) - Environmental agreements negotiated by a number of countries.
Multilateral Investment Guarantee Agency (MIGA) - One of the five institutions comprising the World Bank Group; MIGA’s purpose is to help encourage equity investment and other kinds of direct investment flow into developing countries.
multilevel sales: Also known as network marketing. Rather than hiring sales staff, multilevel sales companies sell their products through thousands of independent distributors. Multilevel sales companies offer distributors commissions on both retail sales and the sales of their "down-line" (the network of other distributors they sponsor).
Multimodal Terminals / Terminaux-plateformes ou chantiers terminaux :Installation for exchange of intermodal transport units from one mode to another where other technical and commercial operations linked to combined transport can also be carried out.
Multimodal transport / Transport multimodal :Carriage of goods by at least two different modes of transport.
Multinational company:Multinational Company is an enterprise that has an integrated global philosophy encompassing domestic, as well as overseas operations. This is a more complex form that usually has fully autonomous units operating in multiple countries: Shell and PHilips, for example, two MNC’s have given the foreign subsidiaries a great deal of latitude to address local issues such as consumer preferences, political pressures and the like. These subsidiaries are frequently run as independent companies without much integration.
Multinational Corporation - MNC. Also known as Transnational Corporation. A company which operates in several countries outside the country in which it is based.
Multinational Corporation (MNC) - A corporation with operations in more than one country.
Multinational Netting - Elimination of offsetting cash flows within the multinational corporation.
Multi-use list (MUL) (also known as a framework or pre-qualified panel):A list of pre-qualified suppliers who wish to supply goods or services in the future and who have met the necessary conditions or requirements to be included on the MUL. Inclusion on an MUL does not guarantee a supplier that they will be included in any future approach to market process. A government agency may use an MUL as the basis for determining which suppliers are included as part of a selective offer process.
Murphy's Law - Humorous saying: Anything that can possibly go wrong will go wrong.
Mutual Company - A type of organisation, business, etc., which is owned by members and has no shareholders. The members usually have a share of the profits.
Mutually Exclusive Investment Decisions - Investment decisions in which the acceptance of a project precludes the acceptance of one or more alternative projects.
Myers-Briggs Type Indicator - (MBTI) A psychometric questionnaire or personality test in which people answer questions about themselves, which helps identify strengths and personal behavioural/behavioral preferences. See personality styles and models.
Mystery Shopper - A person hired by market research companies or manufacturers, etc., to visit or telephone shops or service providers anonymously in order to assess the quality of goods, helpfulness of staff, layout of premises, etc.
NAFTA / ALENA :North American Free Trade Area: a common market composed of the United States, Canada and Mexico.
Nagware - Also known as Begware. Computer shareware that periodically displays messages on your computer screen prompting you to register for a product and/or pay a fee.
Naked Debenture - Also known as Uncovered Debenture. A company's loan or debt which is not backed by any security, i.e., the company's assets.
Naked Debenture:These are the debentures in which the company promises to pay the lenders (holders of debenture) interest at fixed rate and also to repay-the capital. These promises are given without security (or any asset of the company) to the lenders. Such debentures are also known as ordinary or simple debentures and are very uncommon.
Narrow Money - Also called M1. A country's money supply which can be exchanged, for example coins, bank notes, bank cheques, travellers cheques, etc.
NASDAQ: National Association of Security Dealers Automated Quotation system, a screen-based quotation system supporting market making in registered equities.
National Brand - A brand or product which is available nationwide rather than a local brand which is available in only one area of the country.
National Debt - The total amount of money owed by a nation's government.
National Insurance - (NI) In the UK, contributions made to the government by employers and employees which provide payments to the sick, retired and unemployed.
National Tax Policy - The way in which a nation chooses to allocate the burdens of tax collections across its residents.
National Trade Data Bank (NTDB) - The U.S. Government's most comprehensive source of international trade data and export promotion information. Types of information on the NTDB include: international market research, export opportunities; indices of foreign and domestic companies; how-to market guides; reports on demographic, political, and socio-economic conditions for hundreds of countries; and much more.
National Treatment - A country accords no less favorable treatment to imported goods than it does to domestic goods.
Nationalise/Nationalize - (UK/US English spellings) To convert a business or industry from private ownership to government control and ownership.
Nationalization - A process whereby privately owned companies are brought under state ownership and control (contrast with privatization).
Nationalization:It means the taking over control, the management of industrial and commercial organizations by the government from the hands of the private enterprise.
Natural Advantage - Theory in economics that certain countries have a competitive advantage in certain products due to their access to specific natural resources, their climactic conditions, or their transportation system.
Natural Wastage - In business, the process of reducing the number of employees by not replacing those who have left their jobs, rather than by redundancy or dismissal.
NBPTS :National Board for Professional Teaching Standards.
NC WISE :North Carolina Window of Information on Student Education. This secure Web-based tool provides educators with direct and immediate access to a full spectrum of data on a student's entire career in the North Carolina public school system.
The above details describes about terms called in business such as Mouse Potato,Multidomestic strategy,multilevel sales,Multinational Netting,Murphy's Law,Naked Debenture ,National Brand,National Debt,National Tax Policy 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 Modem, Mojo, Moderator, Monetary Base ,Monetary Policy,Monopoly ,Mortgage etc. .
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