Thursday, March 28, 2024
Mike Soden
Thursday, 26 May 2011 10:00

Trades Union Congress

The organisation that represents British trade unions at a national level

Thursday, 26 May 2011 10:00

Trade-offs

When one area of progress improves at the expense of another as a result of a decision

Thursday, 26 May 2011 10:00

Trade barriers

Regulations such as tariffs, quotas and subsidies to protect domestic producers.

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Total Quality Management (TQM)

A comprehensive and structured approach to organisational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback.

Thursday, 26 May 2011 10:00

Time to market

The length of time taken in the product development process from product idea to the finished product.

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Tender

A process by which one can seek prices and terms for a particular project (such as a construction job) to be carried out under a contract.

Thursday, 26 May 2011 10:00

Telecommute

Refers to a situation when employees are able to work from home. Instead of commuting via transport to an actual office, they are able to replace commuting with telecommunication links to their place of work.

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Team work

When people within a workplace work together cooperatively.

Thursday, 26 May 2011 10:00

Tariff

A tax imposed on imported goods to make them more expensive and thus protect the domestic market.

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Target market

The group of customers that a product or service is designed to satisfy

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