Refers to an offer made to the general public. Of shares and securities; prize money for open competition; public auction.

The record that has the cluster of accounts that supports the amounts shown in the major financial statements.

A power generating company especially a company that concerns production and supply of electricity.

Long term liabilities divided by owners; capital employed.

A method showing the effect of changes in the debt-equity ratios on the profitability to the shareholders.

To be ready.

Global Depository Receipts.

Refers to the undesirable practice of enhancing the price arbitrarily after it has been finalized mutually.

A marketing management term, one or two members of a family who act as the channel of information about products, brands, etc. and so influence purchase decisions.

A term originating from the monopoly & restrictive trade practices act of 1956. Any commercial or industrial enterprise may have recourse to restrictive practice with a view to promote public interest.

General Agreement o Tariffs and Trade. An agreement entered into by nations in 1947 with a view to streamlining international trade. GATT-1994 has now merged into WTO w.e.f. 1.1.1995 which India is a member among 135 members (so far) of the organization.

Gap analysis involves making estimate about where the company at present stands and where it would like to be in future. The identification of such a gap forms the basis of chalking out long and short term policies.

A graphic method usually based on a bar form to ease the process of effective scheduling and control of different business activities. The propounder of this method was Henry Gant.

It is the probability distribution of a random variable Y such that Y = X1 + X2 + …+ Xn where Xis are independently, identically, exponentially distributed random variables.

1) The mathematical analysis of competitive strategies where choices depended on the action of rivals (i.e. in war, economics, games of skill etc.) 2) A method of mathematical analysis or operational research, showing models of conflict between two or more adversaries with the aim to formulate a decision strategy, with a view to maximise returns and minimise losses.

Strategy.

(Slang) Business or occupation, generally a highly competitive one.

A situation when general price level continues to rise at a fast pace, supply fails to catch up with demand which rises by unproductive factor payments or black money.

The group of seven highly developed nations (U.S., U.K., Japan, Germany, France, Italy and Canada). Stands as a symbol of the affluent developed countries of the world.