The exclusive right granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years. (source: http://dictionary.reference.com/browse/patent)

Firm that owns or controls other firms (called subsidiaries) which are legal entities in their own right. Also called parent corporation. (Read more: http://www.businessdictionary.com/definition/parent-company.html#ixzz2LB5tNHeu)

The excess of supply over demand of products being offered to the market. (source http://en.wikipedia.org/wiki/Overproduction)

Commit oneself to and begin (an enterprise or responsibility). (source: http://www.oxforddictionaries.com/definition/english/undertake)

An order book is a business’s list of open, unshipped, customer orders, normally time-phased and valued at actual individual order prices, that may include margin

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. (read more: https://en.wikipedia.org/wiki/Organizational_chart)

An act, process, or methodology of making something (as a design, system, or decision) as fully perfect, functional, or effective as possible. (source: http://www.merriam-webster.com/dictionary/optimization)

Offshoring is a type of outsourcing that involves the relocation of a company’s business process or processes to a foreign country. This term is very

A market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able