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Top 3 terms of the week

Goodwill
business terms
Accounting

Goodwill - is when a company purchases another company for more than the value of its assets—which is quite common—the difference is recorded as an asset named “goodwill.” This is not a general term for the value of a brand, for example, but a very specific accounting term.

Net profit
business terms
Accounting

Net profit is the operating income less taxes and interest. The same as earnings, or net income. Net profit is the amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time.

Browser
Technologies
coding

Business intelligence or BI refers to the technology, software, and strategies that businesses use to collect, analyze, and present data. Data-driven decision-making is a core concept of business intelligence.