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Definition
| Working from home or some other remote location rather than going into the office |
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Term
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Definition
| A type of training that involves spending a short amount of time in several different job positions |
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Definition
| Two employees working part-time to perform one full-time job |
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Definition
| The “languages” or standards used to transfer information across the internet |
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Term
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Definition
| The re-location of part of a business to a lower-cost location, typically another country. This is often made possible by technology advancements |
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Term
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Definition
| Contracting with an outside company or individual to handle a specific part of its business activities. |
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Term
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Definition
| These intermediaries facilitate negotiations and transactions between buyers and sellers but never own, or take title, to the goods being sold |
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Term
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Definition
| This type of store sells a limited selection of brand-name food and non-food items at deep discounts and usually requires an annual membership fee. |
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Term
| One of the three main reasons discussed in class that have led to the acceleration of globalization |
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Definition
| Improvements in Communications, Transportation, or Information Technology |
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Term
| One of the three main reasons discussed in class that have led to the acceleration of globalization |
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Definition
| Improvements in Communications, Transportation, or Information Technology |
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Term
| One of the three main reasons discussed in class that have led to the acceleration of globalization |
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Definition
| Improvements in Communications, Transportation, or Information Technology |
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Term
| Lean production or lean manufacturing |
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Definition
| These production principles are concerned with reducing waste and improving the flow of goods |
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Term
| Computer Aided Design (CAD) |
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Definition
| This process allows models of products to be created, modified and tested electronically, saving time and money over physical prototyping and testing. |
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Term
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Definition
| Rather than inspect products after they’ve been produced, this production methodology involves management, customers, employees and suppliers to reduce defects at every phase of the production process |
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