What does RAG mean in Companies & Firms?

This page is about the meanings of the acronym/abbreviation/shorthand RAG in the Business field in general and in the Companies & Firms terminology in particular.

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Definition

What does RAG mean?

rag, shred, tag, tag end, tatter(noun)
a small piece of cloth or paper

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"RAG." Abbreviations.com. STANDS4 LLC, 2015. Web. 22 May 2015. <http://www.abbreviations.com/term/358587>.