Business and Economic Terms, Abbreviations, Terms, MBA Exam Ten Tips, Exam Ten Tips round for MBA

Business and Economic Terms-India
S&D,SDT	Special and differential treatment (for developing countries)
SAARC	South Asian Association for Regional Cooperation
SDR	Special Drawing Rights (IMF)
SDRs (special drawing rights)	A form of international money created by the IMF which is acceptable in settlement of debts among the countries.
Secondary sector	That part of the economy concerned with the manufacture of goods.
SELA	Latin American Economic System
Shadow prices	Estimated prices in situations where market prices do not exist.
Shares	Securities issued by companies as a way of raising long-term capital. Holders are owners of the company.
Spot market	That part of the foreign exchange market concerned with the buying and selling of currencies for immediate use.
SPS	Sanitary and phytosanitary measures
Subsidies	Payments to producers or consumers designed to encourage an increase in output.
Subsistence	The minimum income needed to survive.
Supply side economics	The branch of economies concerned with the productive potential of the economy and how to increase it.
SWOT Analysis	Strength, Weakness, Opportunity and Threat analysis.
TBT	Technical barriers to trade
Tertiary sector	That part of the economy concerned with the provision of services.
TMB	Textiles Monitoring Body
TNC	Trade Negotiations Committee
TPRB	Trade Policy Review Body
TPRM	Trade Policy Review Mechanism
Trade-off	What has to be sacrificed in order to obtain a good, it is equivalent to opportunity cost.
Transfer pricing	Setting internal prices to charge other branches of the same company.
TRIMs	Trade-related investment measures
TRIPS	Trade-related aspects of intellectual property rights
UN	United Nations
UNCTAD	UN Conference on Trade and Development
UNDP	UN Development Programme
UNEP	UN Environment Programme
UPOV	International Union for the Protection of New Varieties of Plants
UR	Uruguay Round
VAT	Value Added Tax.
VER	Voluntary export restraint
VRA	Voluntary restraint agreement
WCO	World Customs Organization
WCO	World Customs Organization
WIPO	World Intellectual Property Organization
WTO	World Trade Organization (WTO) deals with the rules of trade between nations at a global or near-global level.
WTO	World Trade Organization
Zero based budgeting	Setting a budget in which all spending must be justified each year, not just amounts in excess of the previous year.

(DOU 13082007)