Business

Find over 200 Business terms and explanations that we use every day. They are presented in a concise manner and as apprehensible as possible.
Assets
business terms

Assets- Resources with economic value and the potential to produce future benefits. These are the resources that a corporation owns or controls.

B2B
business terms

B2B - Business to business. 

B2C
business terms

B2C - Business to customer.

Bootstrapping
business terms

Bootstrapping։
1․ Building a start-up company with very little money, often relying on personal savings and pushing for the lowest possible operating costs, while implementing cost-saving systems such as fast inventory turnaround.
2․ Making a forecast beyond a certain period by using the forecasted data for that period. break-even point in time when you will have paid back all your debts, or when revenues exactly match expenses.

Break even point
business terms

Break-Even Point - is the output of a standard break-even analysis. The unit sales volumes or actual sales amounts a company needs to equal its running expense rate and not lose or make money in a given month. The formula for the break-even point in sales amount is: = Regular running costs/(1-(Unit Variable Cost/Unit Price)). 

Business Administration
business terms

Administration- There are two meanings relating to this word in business:
1. the organization and running of a business.
2. a business going into administration, meaning that a business has gone bankrupt and its creditors can get in touch to try and claim any money they are owed.

Competitive Advantage
business terms

Competitive Advantage- The term "competitive advantage" describes the special characteristics or features that offer a business an advantage over rivals and a competitive edge in the marketplace. Superior quality, cost leadership, innovation, customer service, or brand recognition are some ways to get there.

Competitive analysis
business terms

Competitive analysis means assessing and analyzing the comparative strengths and weaknesses of competitors; may include their current and potential product and service development and marketing strategies. Market research helps you find customers for your business. Competitive analysis helps you make your business unique.

GDP
business terms
economics

GDP - Gross domestic product is the sum of all goods and services produced in the country’s economy. In general, if it is up in the previous time period, the economy is growing. If GDP is down, the economy is contracting.

Globalization
business terms

Globalization - globalization refers to the growing degree of interdependence and amalgamation of economies, communities, and cultures across the globe. Global trade in products, services, ideas, and information are all part of it.

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.

Human Resources
business terms

Human Resources (HR) - The department or role within an organization that is in charge of managing and developing its staff is known as human resources, or HR. The administration of pay and benefits, employee relations, performance management, training, and recruitment are all examples of HR activities.

Liabilities
business terms
Accounting

Liabilities are debts or money that must be paid. Usually, debt on terms of less than five years is called short-term liabilities, and debt for longer than five years is called long-term liabilities.

LLC
business terms

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.

Loss
business terms
Accounting

Liabilities are debts or money that must be paid. Usually, debt on terms of less than five years is called short-term liabilities, and debt for longer than five years is called long-term liabilities.

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.

ROI
business terms

Return on investment (ROI) - A financial term called return on investment (ROI) compares the profit or return from an investment to its cost. To calculate it, divide the acquisition's net profit by the initial investment amount, then represent the result as a percentage.

USP
business terms

USP - a Unique Selling Proposition refers to the distinctive and compelling factor that sets a product, service, or brand apart from competitors in the market. It highlights the unique benefits or features that differentiate a business from others and create a competitive advantage.