Business Dictionary
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An alphabetical listing of General terms and items. |
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E-Commerce
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.
Is the increase in the Earth's overall average temperature over recent decades and its projected increase in coming years. In recent years, this term has been used to describe the effect of human activities on the Earth's atmosphere.
The process of tailoring products or services to different local markets around the world.
Gross National Product, GDP plus domestic resident's income from investment abroad less income earned in the domestic market accruing to noncitizens abroad.
Greenhouse gases refer to gases in the Earth's atmosphere that prevent the release of heat into space and therefore maintain heat retention in the atmosphere of the planet. Much like a greenhouse trapping the heat of the sun, greenhouse gases act like a clear insulating blanket, allowing the sun's energy to warm the atmosphere but not allowing the Earth to radiate some of that heat back into space.
The difference between the selling price and the cost of an item. Gross profit is calculated by subtracting cost of goods sold from net sales.
Funding that allows a company to accelerate its growth. For new startup companies, growth capital is the second stage of funding after seed money.
The rate of an economy's growth as measured by its technical progress, the growth of its labor, and the increase in its capital stock. .
A pledge by a third party to repay a loan in the event that the borrower defaults.
A person or organization that guarantees repayment of a loan if the borrower defaults or is unable to pay.
A marketing technique, the aim of which is to damage the market share of competitors.
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