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Elasticity of supply and demand |
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06.07.2013 08:20 |
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Elasticity of supply and demand
1) Terms which indicate the extent to which demand will respond to changes in price and/or quality. Demand from commuters is generally inelastic (ie will not change much), but travel demand for pleasure purposes may be more elastic.
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06.07.2013 08:18 |
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EIS
1) Export Intelligence Service.
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06.07.2013 08:16 |
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EIB
1) European Investment Bank. Provides funds for, among other things, road developments in European countries.
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06.07.2013 08:15 |
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EGR
1) Exhaust gas re-circulation. System used to help reduce NOx emissions from vehicle exhausts.
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05.07.2013 20:59 |
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EFTA
1) European Free Trade Area. A trading block of national states (ie Austria, Finland, Iceland, Norway, Sweden and Switzerland) that have agreed to have no barriers to trade between them.
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Efficient consumer response (ECR) |
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05.07.2013 20:57 |
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Efficient consumer response (ECR)
1) An initiative whereby elements of the supply-chain work together to fulfil consumer wishes better, faster and at less cost. (Source: ILT Supply-Chain Inventory Management SIG)
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06.07.2013 08:19 |
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ELA
1) European Logistics Association. Body representing national logistics organizations throughout Europe.
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06.07.2013 08:17 |
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Eight-wheeler
1) Term for rigid vehicle with four axles (ie twin steering axles at front and tandem bogie comprising two axles at rear - one or both driven). Largest type of rigid vehicle currently permitted on UK roads -pmw (subject to design and plating) 32,000 kg.
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06.07.2013 08:15 |
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EIA
1) European Intermodal Association. European-wide association of intermodal transport operators, based in Brussels.
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06.07.2013 08:14 |
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EFTPOS
1) Electronic fund transfer at the point of sale. New technology system which allows holders of ‘switch’ bank cards (plus Lloyds Bank Payment and Barclay’s Connect cards) to pay for goods bought by direct transfer from the payee’s bank account without the need to use cash or write a cheque.
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05.07.2013 20:58 |
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EFT
1) Electronic funds transfer. System for making payments electronically. Has benefit of reducing payment times, loss of cheques in the post or theft, etc.
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05.07.2013 20:56 |
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Effective stock
1) The sum of the physical stock of a particular product and the quantity of that product ordered for a particular period, but not yet received. (Source: ILT Supply-Chain Inventory Management SIG)
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