Business Dictionary
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An alphabetical listing of General terms and items. |
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An end toward which effort is directed and on which resources are focused, usually to achieve an organization's strategy.
The decline of products in a market due to the introduction of better competitor products or rapid technology developments.
Selling directly to the end user using a sales force that calls on the prospect at their home or place of business.
A patriotic oath to the flag of the United States of America used by Americans to show their loyalty to their country.
A market that is widely available.
A form of credit that does not have an upper limit on the amount that can be borrowed or a time limit before repayment is due.
The amount used to represent the money moving through a company as a result of its operations, as distinct from its purely financial transactions.
Expenditures arising out of current business activities. The costs incurred to do business such as salaries, electricity, rental. Also may be called "overhead."
To allocate such things as resources or capital as efficiently as possible.
A contract for the right to buy or sell an asset, typically a commodity, under certain terms.
A contract made between a customer and a supplier for the supply of a range of goods or services in a determined quantity and quality, at an agreed price, and for delivery at or by a specified time.
A marketplace made up of producers, trade industries, governments and institutions.
Term used in business to identify the process of sub-contracting work to outside vendors. The transfer of the provision of services previously carried out by in-house personnel to an external organization, usually under a contract with agreed standards, costs, and conditions.
The amount by which the money withdrawn from a bank account exceeds the balance of the account.
A credit arrangement with a bank, allowing a person or company with an account to use borrowed money up to an agreed limit when nothing is left in the account.
In debt to a bank because the amount withdrawn from an account exceeds its balance.
A general term for costs of materials and services not directly adding to or readily identifiable with the product or service being sold.
To set the price of a product or service too high, with the result that it is unacceptable to the market.
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