Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

VENN DIAGRAM

Mapping diagram of overlapping circles showing the relationship between items.

VENT FOR SURPLUS

Adam Smith theory proposing that greater economic resources are used in international trade than through national trade.

VENTURE CAPITAL FIRM

Private, semi-government or government company providing growth equity or start-up capital for venture showing promise of higher returns than market rates of interest.

VENTURE CAPITALIST

Private investor offering capital to business ventures with promise. See adventure capitalist and angel investor.

VENTURE PLAN

Plan written by an entrepreneur showing how they manage and direct a new business to get to certain goals.

VERSION

Releases of the same item with changes made along the way.

VERSO

Side of book on the left-hand side with an even page number. Opposite is recto.

VERTICAL ANALYSIS

Technique used to find relationship of items in a financial statement by expressing all amounts as a percent of the total. See horizontal analysis.

VERTICAL DISINTEGRATION

Procedure covering all levels of production from raw material to administration to end product by one company. Gives the entity market place strength.

VERTICAL MANAGEMENT

Organizational structure where information passes from top levels of management down through the lower levels and little is passed back up. Also known as top down management.

VERTICAL MARKET

Market for services and goods is confined to a narrow customer base though most customers can use the product.

VERTICAL MARKET SYSTEM (VMS)

Formal or informal distribution where members work together for best efficiency and economies of scale and eliminate conflict in channels of distribution.

VERTICAL PORTAL

Web site serving as the point of entry to a niche market, area of interest or subject of interest. Also known as a mortal. See horizontal portal.

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