Business management
20 Business management, my program! terms
Business management is an important field of study that focuses on how companies are planned and organized. It helps us understand how businesses make decisions, manage money, work with employees, and satisfy customers. In today’s world, strong management is essential for a company to succeed and grow. By studying business management, I learn useful skills such as communication, teamwork, problem solving, and leadership. This field prepares me for many careers and helps me understand how the business world works.
- Accounts payable
- Sums of money owed by your company.
- Accounts receivable
- Money owed to your company.
- Affiliate marketing
- A retailer or service provider advertising its goods or services via a third party in return for a commission on any sales.
- Annuity
- A contract between an individual and an insurance company in which the purchaser agrees to pay a lump sum or payments over a period of time in return for a regular future income from the insurance com
- Assets
- Property owned by a business that has value or a future benefit.
- Audit
- An official inspection of a company’s, or individual’s, accounts.
- B2B, B2C
- Buisness to buisness (a buisness that work usally with buisness), Buisness to consumer (a buisness that work usally with consumer)
- Balance sheet
- A ‘snapshot’ of a company’s assets, liabilities and capital at a particular point in time.
- Cash flow
- The movement of cash into and out of a business
- Debtor
- A person or firm that owes money to you or your business.
- Depreciation
- The reduction in the value of assets over time, usually due to wear and tear.
- Dividend
- Money paid regularly by a company to its shareholders.
- Enterprise value
- The market value of a business, calculated by market capitalisation times current share price, minus cash, plus debt.
- Equity
- The difference between the company’s assets and liabilities.
- Export
- Selling your goods or services overseas.
- Lquidity
- The ease with which a company’s assets can be converted into cash.
- Margin
- profit margin is how much money a company has made. For example, a gross profit of 1m on sales of 10m is a 10 per cent profit margin. Companies can compare profit margins with others to see how they are doing.
- Net
- The amount of profit remaining after deductions such as tax have been made.
- Offshore account
- Funds which are managed outside of the country.
- Quota
- A trade restriction set by a government on how much of a product can be imported and exported.