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

BUSINESS SERVICES

A business service is a service (such as email or electronic messaging) delivered to customers by business units that is supported by an IT infrastructure of configuration items (CI).

BUSINESS STARTS INDEX

A compilation of statistics published by Dun & Bradstreet that reports the number of businesses

BUSINESS STRUCTURE

A legally recognized organizational framework for conducting business in Canada including, but not limited to, a sole proprietorship, general or limited partnership or corporation.

BUSINESS SYSTEM

A combination of people and automated applications organized to meet a particular set of business objectives.

BUSINESS TAX

Many countries impose corporate tax or company tax on the income or capital of some types of legal entities. A similar tax may be imposed at state or lower levels. The taxes

BUSINESS TRUST

A legal trust set up for the purposes of business, but not necessarily one that is operated in The Commonwealth of Massachusetts. They may also be referred to as an unincorporated business

BUSINESS UNIT

Strategic Business Unit or SBU is understood as a business unit within the overall corporate identity which is distinguishable from other business because it serves a defined external market where management can

BUSINESS VALUATION

A process and a set of procedures used to estimate the economic value of an owner

BUSINESS VENTURE

Venture capital (VC) is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually

BUSINESS WIRE

A company that disseminates full-text news releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases and other audiences.

BUSINESS-TO-BUSINESS (B2B)

(B2B) describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G).

BUSINESS-TO-BUSINESS (B2B) EXCHANGE

An electronic commerce exchange where networks are used to connect institutional buyers and sellers of ASSETS, goods or services. See also ALTERNATIVE TRADING SYSTEM, BUSINESSTOCONSUMER (B2C) EXCHANGE, ELECTRONIC COMMUNICATIONS NETWORK.

BUSINESS-TO-BUSINESS AGENCY (B2B AGENCY)

When a business needs their marketing and advertising services outsourced, these agents specialize in just that. Agencies in the B2B business contract their services on a paid per performance basis.

BUSINESS-TO-CONSUMER (B2C) EXCHANGE

An electronic commerce exchange where networks are used to connect consumers and retail buyers of ASSETS, goods or services with providers, manufacturers, or distributors. See also BUSINESSTOBUSINESS (B2B) EXCHANGE.

BUSINESS-TO-CONSUMER STRATEGY (B2C STRATEGY)

This is when businesses utilize their marketing strategies such as sending direct mailing ads, ads on the internet and advertising via coupons in the hopes to convert shoppers into loyal buyers.

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