Insurance that protects a company and/or business owner in the event of a formal lawsuit or other third-party claim.

Insurance taken out by a company to protect against loss of income caused by the death or illness of an owner or important employee.

The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for the purpose

Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. TLD Example: One look at the company’s operations

A set of tools for strategic planning and tactical implementation of policies, practices, guidelines, processes and procedures that are used in the development, deployment and execution of business plans and strategies and

Comments on business matters that were handled and stored on a record. These are matters that also require use of the record which also follow up with the action(s) taken after the

The variety of guest types at a hotel that together make up the hotel’s clientele. A typical business mix might be part business travelers, leisure travelers and convention business.

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

A trade name, also known as a trading name or a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts

A legitimate business purpose that justifies an employment practice as valid and necessary for the effective achievement of the organization’s objectives and the safe and efficient operation of the business.

A desire of the project customer that focuses on a business problem; its fulfillment is strategic to organization goals.

Ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders.

An opportunity to generate income as a business owner and not an employment opportunity. TLD Example: The decision by the owner to retire presented the young chef with a business opportunity allowing him

An individual who owns and operates a business whether it be small or large. This individual also profits from the net gain of the company.

A policy that protects small businesses for property damage.

Business partner is a term used to denote a commercial entity with which another commercial entity has some form of alliance. This relationship may be a highly contractual, exclusive bond in which

A set of management and analytic processes that enable the performance of an organisation to be managed with a view to achieving one or more pre-selected goals.

The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily property or

A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background

Essential features of processes needed to effect standard operating procedures in a consistent manner.