Business management

Business management

General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.

Industry: Business administration

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Business management

Price discrimination

Business administration; Business management

In economics, this is a pricing situation where two units of the same product are sold at different prices, whether to the same consumer or to different consumers. In psychology, the term would ...

Macroeconomic model

Business administration; Business management

In economics, this is a computer model of the workings of a whole economy, usually a national economy. It is extensively used by both academics and government ministries to test the implications of ...

Inflationary spiral

Business administration; Business management

In economics, this is a situation arising from inflation where price rises lead to higher pay demands, which, if satisfied, lead to higher production costs and therefore to still higher prices, and ...

Oligopoly

Business administration; Business management

In economics, this is a situation in which a few sellers can control or dominate a market. Such a situation is widely regarded as an incentive for the sellers to form a cartel. See also duopoly and ...