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13 Cards in this Set
- Front
- Back
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geographical mobility of labor |
extent to which the workers are willing to move and able to move geographical region to take up new jobs |
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global localization |
adapting the marketing mix, including differentiated products, to meet national and regional tastes and cultures |
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globalization |
the growing trend towards worldwide markets in products, capital and labor, unrestricted by barriers |
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going-rate pricing |
the price charged is based upon a study of the conditions that prevail in a certain market and the prices charged by major competitors |
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goodwill |
arises when a business is valued at or sold for more than the balance sheet values of its assets |
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gross profit |
equal to sales revenue minus cost of sales |
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high quality profit |
profit that can be repeated and sustained |
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hire purchase |
an asset is sold to a company which agrees to pay fixed repayments over an agreed time period -- the asset belongs to the company |
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horizontal integration |
integration with firm in the same industry and at same stage of production |
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hourly wage rate |
payment to a worker made for each hour worked |
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human resource management (HRM) |
the strategic approach to the effective management of an organization's workers so that they help the business gain a competitive advantage |
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human resource or workforce planning |
analyzing and forecasting the numbers of workers and the skills of these workers that will be required by the organization to achieve its objectives |
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hygiene factors |
aspects of a worker's job that have the potential to cause dissatisfaction such as pay, working conditions, status and over-supervision by managers |
