By Richard Lamming, John Bessant (auth.)
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Committee of Permanent Representatives. See EUROPEAN COMMUNITY. commodity. (1) Something produced for sale. (2) Items bought and sold in bulk, like sugar, grain or metals. Commodities are traded in two forms, actual and futures, the former referring to items available for delivery immediately and the latter to contracts for delivery on some specified future date. Dealing takes place at a variety of specialist commodity exchanges such as the Corn Exchange or the London Metal Exchange. commodity broker.
The cost of production when a plant is working at its full capacity. capacity planning. A part of the planning process in manufacturing which seeks to balance the forecast demand against the available capacity for performing various operations. capital. The money involved in a business enterprise which is invested in goods, equipment, buildings, stock etc. Investment capital is the money available to invest in these items and comes from many sources equity, loan capital, grants, overdrafts and retained earnings.
A form of CREDIT account for the purchase of goods or services. checking service. In the USA, services offered to holders of a CHECKING ACCOUNT. charge hand. See FOREMAN. check-off agreement. An agreement between employers and trade unions that the former will deduct union dues directly from employees' wages on behalf of the latter. charismatic authority. See CHARISMATIC MANAGEMENT. charismatic management (charismatic authority; charismatic style). A MANAGEMENT STYLE based on the authority accepted by members of an organization due to personal qualities - charisma - of the manager.