Buisness Management

14 Business Terminologies terms

This glossary is made to help anyone understand the specific terms that are often used in the Business Management domain.

Accounting
noun
The action or process of keeping financial accounts.
Example: It is the theory and system of setting up, maintaining, and auditing the books of a firm.
en: comptabilité
an accounting system
Branding
noun
The act of making a product, organization, person, or place easy to recognize as different from others by connecting it with a particular name, design, symbol, or set of qualities.
Example: The successful branding and marketing of the new beer has already boosted sales.
en: Image de marque
illustration of a branding procedure
Budget
noun
A plan to show how much money a person or organization will earn and how much they will need or be able to spend:a plan to show how much money a person or organization will earn and how much they will need or be able to spend.
Example: The school budget is going to be cut again this year. The project went over budget because of a miscalculation at the planning stage. She managed to complete her last film well within budget. I propose that we wait until the budget has been announced before committing ourselves to any expenditure. People on limited budgets should avoid travelling during the holiday season if they can.
en: le budget
marketing budget plan
Finance
noun
The management of money, or the money belonging to a person, group, or organization.
Example: He turned down a job in the finance division. Now that the finance has been secured, the production of the film is assured. Following the scandal, he was relieved of his post as deputy finance minister. I'd like to buy a new car, but my finances are in such a bad state that I can't afford to. The company's finances are in a mess.
en: le financement
google finance logo
Human resources
noun
The department of a business or organization that deals with the hiring, administration, and training of personnel.
Example: Human resources, technology, and work environment are essential elements of a safety management system.
en: Ressources humaines
U S Army Europe 2018 Vollrath Human Resources Award for Excellence
Inventory
noun
Inventory refers to all the assets a business holds for future sale or production.
Example: Meanwhile, the manager will plan INVENTORY capacity and safety stock depending on the demand forecast.
en: inventaire
inventory images
Lay off
verb
An occasion when a company stops employing someone, sometimes temporarily, because the company does not have enough money or enough work.
Example: Foster is playing again after a six-week layoff due to injury.
en: renvoyer
illustration of a lay off
Leadership
noun
Leadership is a set of mindsets and behaviours that aligns people in a collective direction, enables them to work together and accomplish shared goals, and helps them adjust to changing environments.
Example: The country is crying out for a change in leadership.
en: capacité à diriger
Management
noun
The control and organization of something.
Example: The company has suffered from several years of bad management. There is a need for stricter financial management. a management training programme
en: Gestion
Minerals management service seal
Marketing
noun
The activity or business of promoting and selling products or services, including market research and advertising.
Example: Advertising also plays a role in supporting other areas of marketing activity.
en: commercialisation
Marketing Email Automation
Profits
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: To local butchers and a shop in Bristol. Selling direct to customers has built them a good reputation and allows them to achieve the highest PROFITS, rather than selling through a retailer.
en: Bénéfices
profit illustration
recruitment
noun
The process of finding people to work for a company or become a new member of an organization.
Example: The recession has forced a lot of companies to cut down on graduate recruitment.
en: recrutement
Britain Needs You at Once - WWI recruitment poster - Parliamentary Recruiting Committee Poster
Sales representatives
noum
A sales representative is a professional responsible for promoting and selling a company's products or services to potential customers. Their main role is to identify prospects, present solutions that meet client needs, negotiate terms, and close sales.
Example: He worked as a sales representative for several companies including an automobile business and several pharmaceutical companies.
en: représentants commerciaux
Sales representatives in front of V. Ivory's Store
Supply chain
noun
The system of people and things that are involved in getting a product from the place where it is made to the person who buys it.
Example: One encouraging fact that emerges from closer examination of the automotive industry figures is how growing acceptance of robots is moving down the supply chain.
en: chaîne d'approvisionnement
Manufacturing Supply Chain Model