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Home Categories Business Jargon Bargaining means to negotiate the price of a good or service until a mutually agreed price is determined.
Bargaining is a method in which two or more parties make consecutive offers and counter offers until an agreement is reached. Judo’s business strategy uses the company’s smaller size as an advantage over larger competitors. An intermediary is a broker, intermediary or intermediary in a process or transaction. The term “modus operandi” is a Latin term that describes the habitual mode of action of a person or group, which is a discernible pattern. OBOR is a project aimed at improving communication and cooperation between several countries in Asia, Africa and Europe. A department store is a business or office that offers multiple services or products to customers. In accounting, over and short - or “cash in excess of short” - implies a discrepancy between a firm’s reporting figures and its audit figures. The Peter Principle states that employees rise up the firm’s hierarchy through promotion until they reach a level of appropriate incompetence. The revolving door is the movement of high-ranking employees from jobs in the public sector to jobs in the private sector and vice versa. A rule of thumb is an informal rule of thumb that contains simplified rules that apply in most situations.