Hi, my name is Hicham, I am currently studying in Springboard to a Dec, and I am planning to do my Business Management classes next semester. The glossary that I have made is related to Business management. The most frequent notions that are used in this field will be addressed to help current and new students familiarize with them and expend their knowledge.
account
account
A register of financial transactions providing access to funds on demand, through a variety of different channels.
agent
agent
A person who does business for another person.
bankrupt
bankrupt
when a person or organization declared in law is unable to pay debts.
brand
brand
A category of products that are all made by a particular company and all have a particular name.
break event
break even
Reach a point in a business venture when the profits are equal to the costs.
chain store
chain store
Two or more shops or outlets that have the same owner and sell similar lines of merchandise.
chief executive officer
chief executive officer
The Chief Executive Officer (CEO), is the top executive in an organization. That top executive can have many titles. The top executive can also be a managing partner or president. Most organizations are replacing the title of their top executive with CEO.
company
company
A business organization that makes, buys, or sells goods or provides services in exchange for money.
competitor
competitor
A rival organization that is engaged in commercial or economic competition with others.
consumer
consumer
A person who buys goods and services.
contract
contract
A formal agreement between two or more parties. A document that states the terms of such an agreement. The branch of law treating contacts.
currency
currency
A system of money in general use in a particular country.
debt
debt
Something, typically money, that if owed or due.
firm
firm
A business organization, such as a corporation, limited-liability company or partnership.
franchise
franchise
A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business's (franchisor) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business's name. In exchange for gaining the franchise, the franchisee usually pays the franchisor an initial start-up and annual licensing fees.
interest
interset
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
loan
loan
A sum of money lent with interest.
market
market
An area such as a country or part of a country where a product or service can be sold.
shareholder
shareholder
A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least one share of a company’s stock, which is known as equity.