Volatile Organic Compound (VOC)
chemical that is emitted from products and
easily vaporizes into gases that often are
harmful to people or the environment.
Good whose price
Discount offered to a buyer
from a seller based on increased quantity
purchased, the size of the order, or total
annual volume. See also: Quantity Discount,
Volume Leveraging, Economies of Scale.
Use of economies of scale in
negotiation between a buyer and seller to
reduce the price to the entity. See also:
Quantity Discount, Volume Discount,
Economies of Scale.
Voluntary Restraint Agreement (VRA)
agreement between countries to limit exports
or imports to a mutually agreed upon number
for a specific good.
A level of quality or
achievement considered acceptable or
desirable for use by any person, organization,
or entity, generally established by voluntary
participation of interested parties.
A study of annual salary
numbers or hourly wage figures for a given
industry used to assess an entity's or
business' comparable pay structure and
Money paid to an employee by an
employer in exchange for work.
The intentional or voluntary
relinquishment of a known right that warrants
an inference that the right has been
relinquished. Examples of waivers in supply
management may include a waiver of certain
contract requirements such as delivery dates,
testing requirements, and performance