Sales and Market Trends Conversation

These flashcards cover key vocabulary and concepts related to sales, data analysis, and market trends discussed in a lecture.

Deidentified Data

Data that has had personally identifiable information removed, making it impossible to trace back to a specific individual.

Demographics

Statistical data relating to the population and particular groups within it, often used in marketing to tailor products and services.

Return on Investment (ROI)

A financial metric used to evaluate the profitability of an investment, calculated by dividing the net profit of an investment by its initial cost.

Self-Driving Cars

Automobiles equipped with technology that allows them to navigate and drive without human intervention.

Independent Contractors

Individuals or businesses that provide goods or services under terms specified in a contract or a verbal agreement, rather than being employed as regular employees.

Market Share

The portion of a market controlled by a particular company or product.

Environmental Scan

A thorough analysis and assessment of external and internal factors that can affect an organization, often used to inform strategic planning.

Kaizen

A Japanese term meaning 'change for better,' it refers to activities that continuously improve all functions and involve all employees from the CEO to the floor staff.

Intellectual Property

A category of property that includes intangible creations of the human intellect, which can be legally protected.

Logistics

The detailed coordination of complex operations involving people, facilities, and supplies, often crucial in supply chain management.