Describes computer software for which the original source code is freely accessible to everyone, so that anyone can modify or copy the program without paying a fee.

A management technique in a company whereby all the employees are involved in the running of the company by training them in, and giving them access to, financial and operational details.

(OEIC) Limited investment companies which manage mutual investment funds. An OEIC can issue more shares if there is a demand from investors. The fund reduces if investors sell their shares back to the company.

The gross earnings of a company minus operating costs, excluding taxes and interest.

An arrangement in which a business leases equipment, cars, buildings, etc., for a period of time which is less than the expected useful life of the asset.

Used in manufacturing, a chart which shows each stage of a production process, including when materials are needed, how much time is to be allocated for each job, how many people are required to carry out the work, etc.

A high-profile, influential public figure, such as a celebrity or business person, whose opinions and tastes are respected and/or copied by the general public.

The practice of exploiting and taking advantage of opportunities which present themselves, with no regard for other people or eventual consequences.

Term which refers to the value or benefit of something which will be lost in order to achieve or pursue something else.

To get the most out of something. To use something in the best possible way.