Business Glossary
Business Glossary
20 terms
Business is the center of the economic world without any business we couldn’t eat, build houses, haves clothes etc. A business is an organization that coordinates activities so that a product or a service can be offered to someone. The purpose of this glossary is to help you be more familiar with some terms of the business world.
- accounting
- Process of recording summarizing and analyzing a business financial transaction.
- bank loan
- Sum of money borrowed from a bank.
- break even
- Total revenue equal total costs.
- break even point
- The level of activity where revenue exactly covers cost, reselling in neither profit nor loss.
- budjet
- Detailed plan of income and expenses over a specific period.
- cash flow
- Movement in and out of a business over a given period.
- debt
- Money borrowed that must be repaid.
- employer
- Person or business that hires employees to work in exchange for a salary.
- entrepreneur
- Person who starts and manage a business.
- finance
- The management of money.
- franchise
- Business model where a business operate under a brand.
- free cash flow
- Money available after covering all operating investment expenses.
- income tax
- Taxed impose on a business.
- investment
- Purchases of assets of securities with execution of generating income or profit.
- leadership
- The ability to influence, motivate and guide a group toward a common goal.
- management
- Act of coordinating ressources, people and processes to achieve organizational goals.
- manager
- Person responsible for planning, organizing and overseeing business operations and employees.
- marketing
- Process of promoting, selling, and distributing a product of service.
- profit
- Financial gain after all expenses.
- stock
- A share in the ownership of the company.