The terms used in business such as Psychographics,Public Company,Public Enterprise,Puff etc.
This post explains about terms used in business such as Prospectus,Prosumer , Protocol ,Pseudo,Psychographics,Psychographics,Public Company,Public Enterprise,Puff 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
Prosecute - To bring a criminal charge against someone in a court of law.
Prospectus:A prospectus is an invitation by a company to the public to subscribe to the share capital of the company, thus any notice, circular, advertisement or any other invitation, (excepting ; trade advertisement), circulated to the public is known as a prospectus. It supplies the public with all necessary information about the business of the company.
Prosumer - Profession/Producer Consumer. A consumer who is involved in the specification of products, or has professional tools and is involved in the the design and manufacture of products.
Protectionism - Protection of local industries through tariffs, quotas, and regulations that discriminate against foreign businesses.
Protectionism - The policy of a country protecting its own industries against foreign competition by imposing taxes, etc., on imported goods.
Protocol - In computing, a set of rules which determine the way data is transmitted between computers. The code of conduct in an organisation, etc.
Protocol relating to Trade Negotiations among Developing Countries - An agreement negotiated under GATT auspices in 1973, providing for reciprocal tariff and other trade concessions among developing countries.
Prototype - An original design or working model of something, often used in demonstrations.
Provenance - The origins and history/development/movement of a created work (originally referring to art work, but now extending to any created work, such as writings, computer programs, etc) such as to provide record and evidence of the creator, reliability, ownership, adaptation, etc., of the work, thereby demonstrating or supporting the work's authenticity and quality. The term is from Latin pro, forth, and venire, come.
Provident Fund - A form of retirement savings. An employer and employee pay regular, usually equal, amounts into an investment fund, which is then paid to the employee upon retirement, often in a lump sum.
Proviso - A clause in a contract which makes a condition or stipulation.
Proxy - a person who acts on behalf of another for a specific purpose. A shareholder can appoint a proxy to attend a meeting and vote on their behalf.
Prudence - Aside from its usual general meaning of carefulness in judgment and decision-making, prudence particularly refers to caution in commercial/financial/economic risk-taking, and to the typically great caution exercised by financial folk (accountants and bankers notably) in planning, budgeting, forecasting, granting loans, extending credit, defining standards and policies, and accounting practice as a whole, etc.
Prune Juice - A term attributed to 'showbusinessman' Alan Sugar, which refers to revenues which come into a business and are lost very quickly and unavoidably as costs, and so do very little if anything to actually improve trading profits. Sugar used this term referring to the vast TV revenues paid to top soccer clubs, which flushes through their businesses as similarly vast payments to players. A business which benefits (or suffers) from the prune juice effect tends to give the impression of being much bigger and more solvent and profitable than it actually is. Prune juice revenues also tend to dictate business expediture models which dilute real strategic and management control of the business owners, so that the providers of revenues exert a very high level of influence.
Pseudo - Pronounced 'sudo', this is a prefix which can be put before many different words to represent a fake or false quality which often attempts to imitate or behave as the real thing. From Greek pseudos, meaning falsehood.
Pseudonym - a false name, commonly adopted by a writer seeking to hide their true identity.
Psychic Distance - The similarities or lack thereof between country markets. This concept takes into account geographic distance, cultural similarities, linguistic aspects, legal systems and methods of conducting business.
Psychographic Segmentation - The process of identifying and dividing consumers into groups according to their interests, attitudes, social class, values, personality, etc.
Psychographics - Used in marketing, the analysis of peoples characters, lifestyles, attitudes, purchasing habits, etc.
psychographics: The system of explaining market behavior in terms of attitudes and life styles.
Psychological Contract - usually expressed as 'the Psychological Contract', this is the understanding between employee(s) and employer as to their mutual expectations arising from the employment relationship. The expectations involve a complex balance of inputs and rewards, including contractually clear elements such as hours and pay, and extend to implications and assumptions about security, loyalty, and other highly subjective factors. The Psychological Contract is a two-way notional agreement between employee and employer, typically analysed from the employee perspective. Psychological Contract theory potentially extends to relationships between suppliers and customers, and between the state and its people. More detailed explanation is in the Psychological Contract section of this website.
Psychometric Test - A test which measures a person's personality, mental ability, knowledge, etc., often used to ascertain whether a potential employee is suitable for a job.
Public Company - A company whose shares are traded on the Stock Market.
Public Debt - Also known as National Debt. The total amount of money owed by a country's national and local governments.
Public Domain - Something that is not protected by copyright and is openly available for anyone to use, look at, etc.
Public Employee - A person employed by the government.
Public Enterprise - A business or economic activity owned and controlled by the government.
Public Finance:Public finance is that branch of economics, which deals with the management of income, expenditures and debts of the government. In public finance, the public authorities adjust their income to the needed expenditures.
Public Issue - When a company offers shares for sale to the public for the first time.
Public Liability - When the owner of a business, etc., is responsible for any injury or harm inflicted on a member of the public because of negligence or unsafe products, etc., against which an insurance policy can be obtained by the business.
Public liability insurance:Insurance that covers liabilities to the public for personal injury or property damage if you or your business is found to be negligent.
Public Relations - PR. The promotion of an organisation or person with the aim of creating a favourable relationship with the public.
Public Works - Buildings and structures constructed by the government for public use, such as roads, bridges, schools, hospitals, etc.
Publicist - A publicity or press agent who publicises organisations, people, etc.
publicity: Any non-paid, news-oriented presentation of a product, service or business entity in a mass media format.
Puff - In advertising, to exaggerate the qualities of a product, etc., without actually breaking the law.
Pull Strategy - Used in marketing to create a demand for a product by means of advertising and promoting to the end consumer, rather than through the marketing channel. To 'pull' the product through from distributor to final consumer.
Pump And Dump - The illegal practice of artificially boosting share prices by false and misleading statements in order to sell the originally cheap shares at much higher prices.
Punitive - Inflicting or concerned with punishment, for example punitive taxes, punitive justice.
The above details describes about terms called in business such as Prospectus, Prosumer , Protocol ,Pseudo,Psychographics,Psychographics,Public Company,Public Enterprise,Puff 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 Project Management ,Project Sponsor,Promotion , Promotional Discount,Prompt Note etc.
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