the state or condition of having little or no money, goods, or means of support; condition of being poor. Synonyms: privation, neediness, destitution, indigence, pauperism, penury. Antonyms: riches, wealth, plenty.
Part of the Business terms glossary: An action plan is a document that lists what steps must be taken in order to achieve a specific goal. The purpose of an action plan is to clarify what resources are required to reach the goal, formulate a timeline for when specific tasks need to be completed and determine what resources are required.
A corrective action plan is a document describing exactly how a specific situation will be changed to better meet the goals of a company. A corrective action plan is a response to a situation that is problematic for a company.