Terms used in business such as Corporate Governance, Corporate Raider,Corporate Social Responsibility ,Cost and Freight etc.
This post explains about terms used in business such as Corporate Governance, Corporate Raider,Corporate Social Responsibility ,Cost and Freight,Cost Effective,Cost Leader,Cost of Sales,Counterclaim etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in business
Corporate Governance - The way in which major stakeholders exert control over the modern corporation.
Corporate Hospitality - Entertainment provided by companies in order to develop good relationships with its employees, customers, other businesses, etc.
Corporate Ladder - The order of rank, position, etc., in a company from junior to senior, which can be progressed or 'climbed' by employees.
Corporate name / Nom commercial :Name under which a company engages in business. It can be a patronymic name, or a pseudonym, or a brand. It is one of the elements of the assets of a business.
Corporate Raider - A term used for an individual or company who purchases large numbers of shares in other companies, against their wishes, in order to gain a controlling interest in the other companies, or to resell the shares for a large profit.
Corporate Social Responsibility - CSR. An obligation of a company to adhere to legal guidelines in order to meet the needs of its employees, shareholders and customers, and also to be concerned about social and environmental issues.
Corporate Social Responsibility (CSR) - The responsibilities that corporations (including MNCs) have to workers and their families, to consumers, to investors, and to the natural environment.
Corporate Veil - A term which refers to the fact that a company's shareholders are not liable for the company's debts, and are immune from lawsuits concerning contracts, etc.
Corporation - A large company or a group of companies which is legally authorised to act as a single entity, separate from its owners, with its liabilities for damages, debts, etc., limited to its assets so that its shareholders and owners are protected from personal claims.
Corporation - Form of business organization that is created as a distinct "legal person" composed of one or more actual individuals or legal entities. Primary advantages of a corporation include limited liability, ease of ownership, transfer, and perpetual succession.
Corporation Tax - A tax which limited companies and other organisations, such as societies, clubs, associations, etc., pay on their profits after adjustments for certain allowances.
Corporation: A voluntary organization of persons, either actual individuals or legal entities, legally bound together to form a business enterprise; an artificial legal entity created by government grant and treated by law as an individual entity.
Correspondence Course - A study course using written correspondence, books, etc., which are sent to you by post from learning institutes.
Correspondent Bank - A bank that, in its own country, handles the business of a foreign bank.
Corruption - Lack of honesty or integrity. Illegal behaviour, such as bribery, by people in positions of authority, e.g. politicians.
Corruption Perception Index (The CPI) - A ranking of countries and territories based on how corrupt their public sector is perceived to be. It is a composite index, a combination of polls, drawing on corruption-related data collected by a variety of reputable institutions. The CPI reflects the views of observers from around the world, including experts living and working in the countries/territories evaluated.
Co-signers: Joint signers of a loan agreement who pledge to meet the obligations of a business in case of default.
Cost Accounting - Managerial accounting which calculates, records and controls the operating costs of producing goods or services.
Cost and freight / Coût et fret :A condition of sale for goods carried by sea pursuant to which the seller pays for loading and transporting goods but the buyer pays fthe insurance costs once the goods have been loaded.
Cost and Freight - A pricing term that indicates that the cost of the goods and freight charges are included in the quoted price.
Cost and Freight - The seller has the obligation to pay for all the transportation costs.
Cost Cutting - Reducing an individual's, company's, etc, expenditure.
Cost Effective - Producing a product, offering a service, etc., in the most economical way to the benefit of the company and the customer.
Cost Insurance and Freight (CIF) - The seller has the obligation to pay for all transportation costs as well as insurance for the goods.
Cost Leader - A company which has a competitive advantage by producing goods or offering services at a lower cost than its competitors.
Cost of Goods Sold - When the company buys or makes a product, the full cost for that item is put into inventory. When that item is sold, the cost (of that good sold) is moved to an expense in that same period where the sale was made to the customer.
Cost Of Living - The standard cost of basic necessities which people need to live, such as food, housing and clothes.
Cost Of Living Allowance - COLA. A salary supplement which a company pays to employees because of an increase in the cost of living.
Cost Of Sales - Also known as Cost Of Goods Sold (COGS). The cost of providing a service or manufacturing a product, including labour, materials and overheads.
Cost Overrun - The amount by which the actual cost of a project, etc., exceeds the original budget.
Cost Per Click - CPC. The amount of money an advertiser pays to a website publisher every time a visitor clicks on an advert displayed on the publisher's website which links to the advertisers website.
Cost To Serve - An accounting/business/strategy term and method of analysis which calculates the total costs of product/service provision for a particular customer, or potentially for a broader customer grouping. This method of profitability analysis shifts all indirect costs to be directcosts (directly attributable, as used, per customer), and thereby enables greater clarity in assessing strategy and priorities than relying merely on gross margin indicators.
Cost of Sales (COS): The cost of a product or service sold to customers
Cost, Insurance, Freight: Indicates that a quoted price includes the costs of the merchandise, transportance, and insurance. (CIF).
Cost-centre - Part of a business or organisation such as a marketing department, or quality assurance department, which is a cost to operations and does not produce external customer revenues or profit through trading. See Profit-centre, which trades with external customers and is responsible for producing profit.
COTIF / COTIF (Convention des Transports Internationaux
Ferrovaires) :Convention concerning International Carriage by Rail.
Cottage Industry - A small business in which production of goods or services are based in the home rather than in a factory or on business premises.
Cottage Industry - An industry comprised of a labor force that produces goods for sale at home, often with their own equipment.
Counter Offer: Voids first offer and creates new offer
Counterbid - To make a higher offer than someone else in a bid to buy something.
Counterclaim - In a court of law, a claim made against you (plaintiff) by the person (defendant) you are making a claim against.
Counterfeiting / Contrefaçon :Counterfeiting consists in forging, copying or imitating without authority or right, that which is original or genuine.
The above details describes about terms called in business such as Corporate Governance, Corporate Raider,Corporate Social Responsibility ,Cost and Freight,Cost Effective,Cost Leader,Cost of Sales,Counterclaim etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in business trade below this post. Terms used in business such as Cookie,Cooling-Off Period,Copenhagen Criteria,Copyrigh
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