Definitions N

Next Count Date

The next time a physical inventory count of an item is scheduled to occur. This…

Naive Forecasting

Estimating technique in which the last period’s actuals are used as this period’s forecast, without…

Negative Pledge

Provision in an unsecured loan agreement that prevents the borrower from obtaining any secured loan…

Nikkei Stock Average

Price weighted (movement of stock prices are weighted equally, not according to market capitalization) index…

Necessaries

Whatever is reasonably needed for maintaining a certain lifestyle, depending on one’s age and status,…

Nonbranded Goods

Generic products that resemble goods produced by brand-name manufacturers, distributors and retail establishments. Market perception…

Niche Product

A good or service with features that appeal to a particular market subgroup. A typical…

Negotiated Procedure

Method of obtaining bids under which only chosen suppliers are invited to negotiate a contract.…