A procedure is a fixed process to get a given outcome. It is the step by step process to achieve a product or result. E.G the process to renewing your car insurance is to call them giving your current details and asking for a new quote to renew (this can now be done online). If you like the quote you can agree to a renewal of your car insurance.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.