Category: Finance Dictionary

Protection for damages and liability on company and commercial automobiles. This replaces the business auto coverage form.

A business day is considered every official working day of the week. Another common term is working day. Typically, these are the days between and including Monday to Friday and do not

Programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and

A design for the successful operation business, identifying revenue sources, customer base, products, and details of financing.

A management approach focused on aligning all aspects of an organization with the wants and needs of clients. Involves the use of appropriate tools and techniques to design, analyze, and manage operational

In economics, the business sector is a subset of the domestic economy excluding the economic activities of general government, private households, and nonprofit organizations serving individuals.

When there’s inventory or excess items or goods, items are auctioned by the company for bidding.

An agreed sum offered by the seller if the buyer returns (resells) the PRODUCT to him. The buy-back allowance may only be forthcoming against a replacement purchase, and so can be used

Anything an organism can make that causes or treats a disease.

1.the place that customers don’t get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales they recruited.

Reviewing a parties confidential and public information to investigate their history. This done during the hiring process to clear employees with a criminal history and confirm information given. The government uses them

Making a chart starting with the result and going backwards to make subprocesses. The goal is to create output at a specific level of quality.

A guess with some knowledge. It should fall in a reasonable range.

An event that means success or failure for a company or party. This is common for new companies.

The issues that prevent communication in an office. Some of these barriers are status, gendre, cultural, prejucdices, and environment.

How new products are recieved by their users.

When a residential area is full of commuters. They work somewhere else and simply sleep at their homes.

A security that sells below par value. It is discounted. The face value is 100 and the discount is a factor of 100. AKA at a discount.

A union between Belgium, Netherlands, and Luxembourg. It was stared in 1948 to decrease imports and let labor and capital move between the countries. Its now a part of the European Union.

When air is pushed into a furance burning off impurities. It makes pig iron more pure. It is the old method of steal manufacturing.