Glossary

Chock

Tags: Glossary

1) A wedge, usually made of hard rubber or steel, that is firmly placed under the wheel of a trailer, truck, or boxcar to stop it from rolling. 2) Churning The practice of customers switching to another supplier based on special discount offers. Particularly used in the cellular telephone or credit card industries. Sometimes this term is applied to supplier management where a practice of choosing the low price vendor is emphasized over maintaining strategic relationships.