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Term of the Day
BusinessDictionary.com
commonality
Definition
Degree
of similarity between
machines
or
systems
that allows inter-changeability of
parts
and
components
, and where
employees
trained on one can
operate
and
maintain
the other without specialized
training
.
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Nearby Terms
common property
common resource
common stock
common stock account
common stock dividend distributable
common stock fund
commonality
common-size balance sheet
common-size financial statement
common-size income statement
commonwealth
communication
communication channel
Popular 'Industries, Manufacturing, & Technology' Terms
quality
process
production
backorder
procedure
fixed cost
marginal cost
equipment
overhead
goods
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