Glossary of Terms
Feasibility study
An analysis of the likelihood that a project will meet its planned targets
Feedlots
A location where cattle are feed a high protein grain based diet to reach exact market specifications.
Fee-for-service
Charging a fee for each service performed.
Financial reports
Reports to the owners (shareholders) of a business covering the operations for the accounting period. These include profit and loss statements, balance sheets and statements of cash flow. See also, audit/auditing
Financially literate
To be informed and aware of financial issues and terminology.
Flighting
A media schedule that involves more advertising at certain times and less advertising during other time periods.
Float time
The amount of time an activity can overrun without delaying the whole project
Flow-on effects
When one area of progress is affected as a consequence of a decision e.g. as production rises, so might national wealth.
Focus group
A qualitative market research technique in which a group of participants (approximately 10) of common demographics, attitudes, or purchase patterns are led through a discussion of a particular topic by a trained moderator. See also, market research, qualitative research
Foundation
An organisation that exists to further a particular cause. It assists people by distributing money or providing support on the basis of set criteria.
Franchise(d)
A franchise is a business relationship between a franchisor (someone who owns the business) and a franchisee (an independent person who pays a fee to use their established business name, expertise and knowledge). Goods or services are standard across a franchised business.
Franchisees
A person who pays a fee to another business operator to distribute their goods/services and use their established business name, expertise and knowledge.
Free-to-air
Television that is available free to any households with a television. There are five free-to-air stations in Australia.
Function
Activities undertaken by a particular section or division of a business, for example, the HR division. Also referred to as a department.
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