Business Dictionary – XYZ


    A concept introduced by economist Harvey Liebenstein. A company’s ability to use its workers, machines, technology, etc., to produce maximum output at lowest cost and as quickly as possible.


    The scientific study and/or research of alien cultures and biology.

Xerox Machine

    A piece of equipment which makes paper copies of documents, etc.


    When a company is not using its employees, machinery, resources, etc., effectively, often because of lack of competition.


    The art of engraving an image on a block of wood, or printing from woodblocks.


    Also called yarnbombing, an intriguingly specialised type of peaceful demonstration and activism in which objects such as works of art, sculpture, railings, phone boxes, considered unattractive by the activists, are covered by knitting or crochet, usually at night, and mainly by young women.

Yellow Pages

    A telephone directory, usually printed on yellow paper, which lists businesses, organisations, retailers, etc., in alphabetical order in categories according to the service they provide.


    A servant or attendant in a royal or noble household.


    The annual income earned from an investment, usually expressed as a percentage of the sum invested.


    Derives from Young Urban Professional. Term used since the 1980s to describe a young person who has a well-paid job and an affluent lifestyle.


    In computing, compressing data to make a file smaller in order for it to be stored or sent to another computer. Also, slang for nothing.


    A business that continues to trade supported by its bank even though it is insolvent and unlikely to recover.


    Developed by Dr Edward Altman of New York University in the 1960s, a measurement of the financial health of a company which predicts the probability of the company going bankrupt.