Term that relates to a company which deals in one specific line of business, rather than a range of products, services, etc.

A company or person who supplies provisions, especially food.

In production, a system in which the demand for goods is predicted by the company, so more goods are made to keep up with pre-set levels rather than customer demand.

An option in a contract giving the holder the right to sell shares, materials, etc., at a specified price at, or up to, a fixed date.

Illegal in several countries, a scheme in which people are paid for recruiting others who pay a fee, part of which goes to the person who recruited them as a commission. In order to get their payment the recruits then have to find new recruits to pay a fee. This goes on until there is […]

A system in which people buy the rights (often a franchise) to sell a company’s products to other distributors who have been recruited, who then sell the products on to other recruits. This type of selling often ends up with no final buyer for the products. The few people at the top of the pyramid […]

A statement written by an independent auditor which accompanies a business’s financial statements, saying that the audit has been limited, e.g., because the auditor may not have been able to collect all the information required to carry out a full audit.

The length of time an employee must serve in a job before being entitled to various benefits, or being able to make a claim against unfair dismissal.

Associated with a thing’s quality which cannot be measured, such as feel, image, taste, etc. Describes peoples qualities which cannot be measured, such as knowledge, behaviour, attitude, etc.

An attribute or level of excellence. The standard of a product, service, etc., as measured against similar products, services, etc. A distinctive characteristic or attribute possessed by someone or something.