Lat. In Roman law. A prodigal; a spendthrift ; a person whose ex- travagant habits manifested an inability to administer his own affairs, and for whom a guardian might therefore […]
P | Page 112
P
PRODITION
Treason; treachery.
PRODITOR
A traitor.
PRODITORIE
Treasonably. This is a technical word formerly used in indictments for treason, when they were written in Latin. Tomlins.
PRODUCE
To bring forward; to show or exhibit; to bring into view or notice; as, to produce books or writings at a trial In obedience to a subpccna duces tecum .
PRODUCE BROKER
A person whose occupation it is to buy or sell agricultural or farm products. 14 U. S. St. at Large, 117; U. S. v. Simons, 1 Abb. (U. S.) 470, […]
PRODUCENT
The party calling a witness under the old system of the English ec- clesiastical courts.
PRODUCER
An individual or entity that produces animal, agricultural or botanic products mainly through the natural processes, but with a little bit of stimulation provided by nutrients, labor, etc.
PRODUCER PRICE INDEX
The inflaction of a wholesale purchase. It is based on the manufacturing process not the associated services. Refer to consumer price index , harmonized index of consume prices, and retail […]
PRODUCER PRICE INDEX (PPI)
The relative measure of the average change in the price of a basket of goods that are sold by the producers in the wholesale market. It consists of three different […]
PRODUCER PRICE INFLATION
The increase or decrease in price that is indicated by the producer price index .
PRODUCER SURPLUS
In economic terms, it is the difference between the lowest amount that the producer is willing to accept for a good and the present amount at which he sells the […]
PRODUCER-PAYS PRINCIPLE
A rule for pollution control that states that the manufacturer is liable for the cost of recycling and properly disposing of the waste products after their period of use is […]
PRODUCER’S RISK
The risk of losing from (1) the rejection of a batch of goods that is of acceptable quality, or (2) the acceptance of a batch of goods that the customer […]
PRODUCIBILITY
The ease associated with manufacturing goods in large quantities. It is largely dependant on the design characteristics of the item in question.
PRODUCT
1. A product that is its finished stage, usually at the end of a production cycle. It is usually what a user needs or wants. 2.Law: A good distributed commercially […]
PRODUCT ADAPTATION
A market strategy that aims to introduce new products based on the improvements made to pre-existing products.
PRODUCT ADOPTION PROCESS
The mental process that every potential customer goes through from the awareness of a product to its rejection or becoming loyal customers. (1) Awareness: The potential customers come to know […]
PRODUCT APPROACH
A sales approach by the salesperson whereby he provides the buyer with a detailed recital of all the features and advantages of the product that is being sold.
PRODUCT ARCHITECTURE
A detailed description of the method of allocation of product elements to the appropriate subsystems, according to the manner in which they interact.
PRODUCT ASSURANCE
The verification by a management function that customer requirements are satisfied by ensuring (1) the identification of critical activities, (2) The availability of the necessary resources for each process, (3) […]
PRODUCT BENEFIT
The factors involved in the satisfaction of the customer’s wants or needs.
PRODUCT BENEFITS ADVERTISING
A promotional campaign that aims to showcase the satisfaction guaranteed by a product according to the needs of the target customer.
PRODUCT CHAIN
The processes that are involved in the creation of the final product.
PRODUCT CLASS
A class of products that provides a substitute for another, according to how wide or narrow the product definition is. In the market for ‘transport vehicles’ a narrow product class […]