Hello, i've been studying at Ahuntsic College in Business Management for the past three years and everyday I keep learning about new things and words. In this field of study, a lot of words can be confusing and being clear and understand everything in the business world is more than important. This glossary aims at every person who's involved into the Business world and want to know more about that!
(ROI) Return of Investment
Phrase
The ROI is basically a measure to evaluate the efficiency of your investment in a business, product or service, in other words it's a way to calculate the gains from an investment.
Example: We are waiting for a return of investment after this scandal!
en: (ROI) Retour sur investissement
Balance Sheet
Noun
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period
Example: After this semester we noticed a decrease on the balance sheet
en: Bilan
Budget
Noun
a financial plan that shows the revenues and expenses for a specific period of time.
Example: After taking a look at our budget, it would be a great idea to invest in that prototype
en: Budget
Dividend
Noun
a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits
Example: After this semester, everyone who's put money in the project and the business will receive some dividend
en: dividende
Dropshipping
Noun
move (goods) from the manufacturer directly to the retailer without going through the usual distribution channels
Example: I don't want to take that much risk so i will start by dropshipping my stuff
en: Livraison directe
Estimate
Noun
a general idea about the value, size or cost of something based on a rough calculation.
Example: The finance team is requesting estimates from several information
en: Estimé
Guarantee
Noun
to make an assurance, usually in written form, of the quality of your product or service.
Example: If ever the product broke, there's a lifetime guaranty on it!
en: Garantie
headquaters
Noun
refers to the head office where a company is controlled or managed from.
Example: Apple’s headquarters cost around $5 billion to build
en: Quartier général
Innovation
Verb
the process of introducing new ideas, methods or products that create value and create positive change in a business or industry.
Example: Continuous innovation is key to staying ahead of the competition in the fast-paced tech sector.
en: Innovation
Marketing
Noun
the activity or business of promoting and selling products or services, including market research and advertising.
Example: Our marketing plan was on point for this project
en: Commercialisation
MOQ (minimum order quantity)
Phrase
MOQ stands for Minimum Order Quantity and is the smallest number of items a supplier will accept for an order.
Example: I would like to order from this supplier but i wonder what is the MOQ
en: Quantité minimum de commande
Outsourcing
Verb
the practice of hiring a third-party company or individual to perform certain tasks or services for your company.
Example: Our company decided to outsource our customer support services to a specialized call center.
en: Externalisation
Partnership
Noun
a business arrangement in which two or more individuals or companies work together.
Example: We are considering a partnership with a local supplier to expand our product line.
en: Partenariat
Penalty
Noun
an official punishment, usually through a fine or other payment, for breaking a contract.
Example: If you don’t pay your suppliers on time, there will be a penalty of 15%.
en: Peine
PR, public relation
Phrase, abreviation
the activities used to promote and create a good public image of your company so that people will view it in a positive way.
Example: Doing a lot of PR can be useful for a starting business
en: Relation publique
Profitability
Noun
the ability of a business or investment to generate profit or financial gain.
Example: We need to analyze the profitability of our new product line.
en: Rentabilité
Segmentation
Noun
Market segmentation creates subsets of a market based on demographics, needs, priorities, common interests, and other psychographic or behavioural criteria used to better understand the target audience.
Example: Before selling our products, we need to do a good and concise segmentation
en: Segmentation
Trademark
Noun
an officially registered name, symbol or logo used to represent a product or firm.
Example: The most popular trademark is probably the yellow M from Mc Donald's
en: Marque de commerce
USP (unique selling proposition)
Phrase
a tool used by salespeople to communicate the key factors that separate your product from the competition
Example: Sell recycled clothes is probably our USP if you look through the competitor
en: Proposition unique de vente
Wholesaler
Noun
a person or company that sells goods in large quantities at low prices, typically to retailers
Example: We should be buying from a wholesaler, it would be way cheaper and faster