Business

Business Tips & Info

Glossary of Business and Financial Terms

GLOSSARY S


Fixed pay for regular work, usually paid every two weeks or monthly.

A copy of the invoice, retained by the seller, to show evidence of the sales transaction.

A second source of revenues obtained mostly from investments.

Protected or guaranteed.

A retail business that deals in activities for the benefit of others.

A form of business organization in which one person is the sole owner.

Business forms (papers) that show the evidence of business transactions on a certain date.

The process of making decisions on five main aspects of loan like amount, cost, repayment provisions, security and covenants and conditions-so it meets the borrower's needs and is "bankable" from the bank's point of view.

The exchange rate for the immediate delivery of one currency for another. In other words, the exchange rate for buying and selling currency now.


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Today, every businesses must have an online marketing strategy in order to succeed.
Having quality content on your website or blog is excellent marketing strategy you can use to keep people's attention.
You should select your target markets, analyze carefully and then develop a marketing program with a mix of product or service planning, distribution system, price structure and promotional program to reach those target markets. On the end of the provided process should be always satisfied customer.

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If you want run successful business you should have real financial picture of a business. Accurate, up-to date records are very important for every aspects of your business. It's certainly not fun, but without accurate records, you simply cannot run a successful business. It is much easier to deal with various tax departments of government or with your banker if your records are complete and comprehensible. Learn more...



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Did You Know?

Marketing a new product or service is very challenging, because billions of dollars are spent regularly developing and launching new products and services all over the world.

Market failure is the most common reason for a product or service to fail. The other common failures are: financial failure (when product or service doesn't make any or enough money, cost of production and implementation of the service have not been sufficiently thought out in the specification stage, waste of time, etc.); organizational failure (poor management, miscommunication, lost productivity, failure to innovate, poor or bad collaboration, etc.) technical failure (when it doesn't work properly, wrong concept, poor implementation etc.) and political failure (when the source of failure is action by the government). Find out more...