COMPANY -INDUSTRY WORKING

INDUSTRIAL ACTION TERMS

There are three main forms of industrial action: strike – where workers refuse to work for the employer. action short of a strike – where workers take action such as working to rule, go-slows, overtime bans, or callout bans. lock-out – a work stoppage where the employer stops workers from working. An occasion when workers do something that is intended to force an employer to agree to something, especially by stopping work: Workers at the plant are threatening industrial action

LIBERALISATION- GLOBALISATION- PRIVATISATION

Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Privatization is the process of transferring an enterprise or industry from the public sector to the private sector. The public sector is part of the economic system that is run by government agencies.

OTHER MAJOR TOPICS

• MANUFACTURING – PRODUCTION – READY
• PRODUCT  AND QUALITY
• QUANTITY AND QUALITY
• DEMAND AND SUPPLY
• OPENING AND CLOSING TIME
• AGREEMENT – DEAL –CONTRACT
• DEAL
• AUCTION- BIDDING
• SALE AND BUY
• SALER – BUYER –CUSTOMER
• COST AND PRICE
• MARKETING AND MANAGEMENT
• BARGAINING
• A – DISCOUNT
• EXCHANGE
• LOSS AND PROFIT
• WIN-WIN SITUATION
• ACCOUNTING
• SHARE
• PLEDGE- ATTACHMENT – BROKERAGE

Cost is typically the expense incurred for making a product or service that is sold by a company. Price is the amount a customer is willing to pay for a product or service. The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.

Price is generally used to refer to the amount of money that a seller is asking for something, and cost generally refers to the amount of money that a buyer will spend rather than the price that a seller is asking for.

Cost analysis and price analysis are two unique methods of projecting costs for projects and programs. Price Analysis looks purely at the unit price from a vendor while Cost Analysis incorporates the reasonable cost to the vendor of producing that item to determine if the price quotes are fair and appropriate