Business Management Glossary

21 Business Management terms

This is a glossary I created, so I can learn and practice some words according to my field of study. This is so useful!

accountant
noun
A person whose job is to keep, inspect, and analyse financial accounts.
Example: In terms of day to day activities this meant that directors would have frequent meetings with project leaders, a weekly meeting with the office accountant and would serve as a forefront of the business.
fr: comptable
This is an image of the material that an accountant would use: calculator, Excel sheets, pencil, etc...
budget
noun
An estimate of income and expenditure for a set period of time.
Example: Examination of the BUDGET for conformance with organisational objectives - The BUDGET must conform with organisational objectives for the farm to achieve its mission statement.
fr: budget
business
noun
A person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.
Example: This can help to improve the overall running of the BUSINESS or organisation and also help to make improvements where necessary. Communication in the farming scenario given would be considered an important element to the running of the BUSINESS for many reasons.
fr: entreprise
This is the Louis Vuitton building (which is a business) in Singapore
company
noun
A business organization that makes, buys, or sells goods or provides services in exchange for money.
Example: The COMPANY aims to maintain production at a level of 90% for 15 weeks.
fr: compagnie
This is a company building.
competitor
noun
A rival organization that is engaged in commercial or economic competition with others.
Example: In the case of Yahoo, its main COMPETITOR across the full range of its services is AOL.
fr: compétiteur
This is a cross-country competitor who competes with other competitors of cross-country.
consumer
noun
A person who buys goods and services.
Example: Last minute dot coms' packaging is more in the form of quality of service and the ease of use of the selling buying medium, these become attributes of the service which make the biggest impact on the CONSUMER in advertising the company and their products.
fr: consommateur
This guy is consumer at the grocery store.
contract
noun
A formal agreement between two or more parties. A document that states the terms of such an agreement. The branch of law treating of contracts.
Example: When FBT is initially agreed parties may create break clauses within the CONTRACT that allows the agreement to be broken under certain circumstances such as bankruptcy or failure of tenant to pay rent for example.
fr: contrat
This person signs a contract.
contractor
noun
A person who is hired to perform work or to provide goods at a certain price or within a certain time.
Example: This is an example of how the partnership between the CONTRACTOR (Siemens) and client (UKPA) had a communications breakdown, with the developers failing to understand the user's requirements.
fr: contracteur
In this picture, there is the client and the contractor who shakes their hand.
cooperative
noun
A farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits.
Example: It has been observed that technical standard setting and patent pools potentially raise competition policy issues since they are established through a COOPERATIVE act among private companies in a free market [36].
fr: coopérative
This is a cooperative association.
economy of scale
phrase
A proportionate saving in costs gained by an increased level of production.
Example: Esco has ECONOMY OF SCALE and can buy in and produce high volume of products at once as it has lots of customers.
fr: économie d'échelle
This a graphic of an economy of scale
employee
noun
A person who works for another in return for financial or other compensation.
Example: These policies all relate to the need to protect the employer, EMPLOYEE and others from harm through legally binding regulations.
fr: employé
This is an employee being shouted at by his boss.
entrepreneur
noun
A person who organizes, operates, and assumes the risk for a business venture.
Example: Common management of fields meant that it required a consensus to make a change; hence it gave the small less progressive farmers the power to hold back the initiative of the large-scale ENTREPRENEUR.
fr: entrepreneur
Elon Musk is a proud entrepreneur.
file
noun
A folder or box for holding loose papers that are typically arranged in a particular order for easy reference.
Example: Due to different programming techniques, databases are found in a few different FILE formats.
fr: dossier
These are files.
investor
noun
Someone who commits capital in order to gain financial returns.
Example: As a long term INVESTOR a lot of income may be gained from dividends.
fr: investisseur
This is an image to represent what is the motive of an investor
management
noun
The members of the executive or administration of an organization or business.
Example: As the farm manager, I must look carefully at resources, particularly staff.
fr: gestion
Management is a team work.
market
noun
An area such as a country or part of a country where a product or service can be sold.
Example: As a farm manager, my business not only competes with the national MARKET, but also within the global MARKET. There may be occurrences abroad that can affect the UK MARKET.
fr: marché
This place in Vietnam is named a market because it sells products.
marketing
noun
The process of communicating the value of a product, service or brand to customers, for the purpose of selling that product or service.
Example: Advertising also plays a role in supporting other areas of MARKETING activity.
fr: commercialisation
This image shows the process of marketing.
money
noun
A medium of exchange in the form of banknotes, coins, etc, issued by a government or other authority.
Example: However in order for IT to take off in these countries much MONEY and education needs to be spent on providing facilities and knowledge.
fr: argent
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profit
noun
Excess of revenues over expenses in a business enterprise over a given period of time, usually a year.
Example: Objective As a manager, I want to make my farm business as efficient as I possibly can in order to make a PROFIT and create a sustainable future for myself and my staff.
fr: profit
This is a graphic of magnial profit that can be studies in economics.
salary
noun
A fixed regular payment made by an employer, often monthly, for professional or office work as opposed to manual work.
Example: At the same time, the SALARY and employment cost in west midlands is the lowest in UK regions.
fr: salaire
This image represents a boss who is
store
noun
A retail establishment selling items to the public.
Example: My mom and I are going to buy some clothes at the store.
fr: magasin
This consumer shopes at the grocery store, which is a store who sells food.