Tactical planning

The tasks involved in developing day to day activities to achieve the targets set by the strategic plan.


A single step controlled by an individual within a process that has an input and an output, which is then passed onto a subsequent task.  E.g. entering sales forecast for a defined territory.

Technological intelligence

Technological intelligence is a subdivision of Business intelligence covering those technical activities that are concerned with translating Research findings or other scientific Knowledge into devices, materials, products, processes, or services.

Total cost

Total cost is the amount spent on producing a given amount of output. The total cost can be calculated by Total Costs = Total Fixed Costs + Total Variable Costs

Total quality management (TQM)

Total quality management (TQM) is a management philosophy embracing all activities through which the needs and expectations of the customer and the community, and the objectives of the organization, are satisfied in the most efficient and cost-effective way by maximizing the potential of all employees in a continuous drive for improvement.

Total sales revenue

Sales revenue is the total amount of money that the firm has earned from the sale of all its goods and services during a given time period.

Trade literature

Trade literature is produced by individual companies, primarily to instruct or inform existing and potential buyers. It includes sales pamphlets, advertising brochures, promotional material, product or parts catalogues, maintenance or instruction manuals, handbooks, user guides, data sheets, and certain in-house journals or newsletters.

Trend Analysis

An aspect of technical analysis that tries to predict the future movement of a stock based on past data. Trend analysis is based on the idea that what has happened in the past gives traders an idea of what will happen in the future.