The preparation of a rough cost estimate, made without any concrete data, during the conceptual phase of a project. The goal is to establish cost parameters in advance of a […]

Process in which a new product idea is thoroughly analyzed with the help of a mockup and/or computer models. Read more: http://www.businessdictionary.com/definition/concept-testing.html#ixzz4BvPavU00

Model or replica built full-size or to scale for testing or training purposes. Read more: http://www.businessdictionary.com/definition/mockup.html#ixzz4BvOFJlea

A scam run by experts who set up a mock auction and put on a show by appearing to sell high-quality products at very low prices. The initial bidders are […]

1.Facility or place from where a contractor’s resources are mobilized. 2.Total of all resources that are available or can be made available for mobilization. Read more: http://www.businessdictionary.com/definition/mobilization-base.html#ixzz4BvGeZsRo

Activation of a contractor’s physical and manpower resources for transfer to a construction site until the completion of the contract. Read more: http://www.businessdictionary.com/definition/mobilization.html#ixzz4BvG7my5Z

Extent to which the workers are able or willing to move between different jobs, occupations, and geographical areas. It is called horizontal mobility if it does not result in a […]

Type of social movement when a person or group moves up or down in status. Vertical mobility can also apply outside of social situations to any type of movement that […]

Formally or informally coordinated distribution channel where its independent members work together to achieve greater efficiency and economies of scale, and to eliminate channel-conflict arising out of disparate individual objectives. […]

Type of vertical integration in which a consumer of raw materials acquires its suppliers, or sets up its own facilities to ensure a more reliable or cost-effective supply of inputs. […]