User:Aditiranjan/glossary
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Technical Terms of Business Studies
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Advertising | Promotional activities for making people aware of products and services without direct contact with the people concerned. |
Advertising Copy | The written text of an advertisement including the subject matter of the message, slogan, presentation, pictures and illustrations taking together. |
Advance | • Amount paid by a customer as part of his dues payable in future.
• A short-term loan granted by a bank. |
Agmark | Logo on certain agricultural product indicating that the quality conforms to the standard prescribed by the Agricultural Marketing Department of the Government of India. |
Authority | Right to command by virtue of the position or rank of a person in an organisation. |
Bank Draft | A document/instrument issued by a bank on its branch office for a specified amount payable to the person in whose favour it is drawn. It is issued to the person who deposits a specific amount in the bank along with the draft commission. |
Bank Rate | Rate of interest charged by Central Bank (RBI) for financial assistance made available to other banks. |