Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

Tag: Goods

Customer

1. The next person or entity in the business flow who receives the output of the preceding person or entity (supplier) in the form of a product, service or information. 2. A person one has to deal with. 3. Attracting customers is the primary goal of most businesses because it is the customer who creates demand for goods and services.

Economy

1. Careful management of resources to avoid unnecessary expenditure or waste; thrift. 2. A means or instance of this; saving 3. Sparing, restrained, or efficient use, esp to achieve the maximum effect for the minimum effort: economy of language. 4. The complex of human activities concerned with the production, distribution, and consumption of goods and services. 5. A particular type or branch of such production, distribution, and consumption: a socialist economy; an agricultural economy. 6. The management of the resources, finances, income, and expenditure of a community, business enterprise, etc. 7. A class of travel in aircraft, providing less luxurious accommodation than first class at a lower fare: economy class. 8. Offering or purporting to offer a larger quantity for a lower price: economy pack. 9. The orderly interplay between the parts of a system or structure: the economy of nature. 10. The principle that, of two competing theories, the one with less ontological presupposition is to be preferred.

Money

1. A amount of coins and bills in somebody’s possession at any one time. 2. The amount of money held in a bank account or available on credit to somebody. 3. The amount somebody is paid for working. 4. Assets or property that can be converted into cash. 5. The official currency of a country. 6. A commodity, usually gold, that is an official medium of exchange. 7. A measure of value. 8. A medium of exchange that can be used to purchase goods and services.

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