A nonprofit environmental
organization that offers expertise in green
purchasing, operations, and plant
improvement. This organization has helped
prepare environmentally responsible criteria,
including specifications for many products
(e.g., paint, adhesives, degreasers, paper
towels, and napkins).
Grey Market Good
1. A new good that flows through distribution
supply channels other than those authorized
or intended by the manufacturer or producer
(e.g., a good intended to be sold only in
Europe that eventually finds its way for sale
and use in the U.S. market).
2. A good being sold outside of normal
distribution channels by companies that may
have no relationship with the producer of the
good. A typical good includes electronics,
cameras, and watches. The original
manufacturer may not honor the product
warranty on a grey market good.
Gross Domestic Product (GDP)
The total value of
goods and services produced in a country
during a specific time period.
Net revenue to the seller after the
seller's cost of the good or service and the
cost of any efforts to sell the good or service
are deducted from the sales price. (Schiller
Gross National Product (GNP)
Total value of
goods and services produced in a country for
one year, plus the net income from foreign
Extreme reckless disregard for
or indifference to the safety or other negative
consequences to others because of a
violation of a duty of care.
Weight of an item, including the
container and packing materials.
Group Purchasing Organization (GPO)
organization created by, or on behalf of,
groups of buyers of related categories and
markets to form a purchasing consortium.
See also: Cooperative Procurement.
A circumstance in which a group
reaches consensus without critical reasoning,
often stifling creativity and individual voices.
Software that enables collaborative
participation on a project by a number of end