Tooltip Categories: Economics & Finance

quality circle

Volunteer group composed of workers (or even students), usually under the leadership of their supervisor (or an elected team leader), who are trained to identify,

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quality control

Process by which entities review the quality of all factors involved in production. (source: http://en.wikipedia.org/wiki/Quality_control)

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purchase order

A commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services the seller will provide to

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purchase price

The price at which something is actually purchased. (source: http://www.thefreedictionary.com/purchase+price)

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purchasing power

The amount of goods or services that can be purchased with a unit of currency. (source: http://en.wikipedia.org/wiki/Purchasing_power) Money and credit available for spending and consumption

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put option

An option contract that gives the holder the right to sell a certain quantity of an underlying security to the writer of the option, at

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public relations [PR]

The practice of managing the spread of information between an individual or an organization and the public. (source: https://en.wikipedia.org/wiki/Public_relations)

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public service

A service which is provided by government to people living within its jurisdiction, either directly (through the public sector) or by financing private provision of

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