Business

A business owner is an individual or an entity who owns and operates a business.

A franchise refers to the license to produce or sell a licensed product, subject to certain conditions imposed by the owner of the product rights.

When a business undertakes an asset purchase, in reality, it just taking this approach to structure the acquisition of a company.

The Average Cost Method, also commonly referred to as the AVCO method, is a method used to find the average cost of items recorded in an inventory.

A budget is a formal statement of estimated revenue and expenses over a specific period in the future, based on their objectives.

Cash Flow to Sales Ratio is a performance metric that represents a business’s operating cash flow once all capital expenditures related to sales have been deducted.

A cash sale is a business transaction in which the buyer pays for goods or services at the time of the purchase.

“Production or manufacture” is the process of converting raw materials into finished goods.

Definition of Incentive Incentive in simple terms is something that encourages a person or organization to do or achieve something.

Definition of Corporation A corporation is a legal entity that is separate and distinct from its owners or stockholders.

“Focusing on details” is often the difference between being above average, mediocre, and extremely successful.

A service company provides a service to its customers, not a product; by providing services, a service company generates money.

Social values are a set of principles that are morally acceptable by society.

A board meeting is a formal meeting of the board of directors of a company which is usually held at periodic intervals during the financial year to discuss and ratify various present and future policy issues and actions.

A subsidiary is a business that is controlled by another company.

Working capital management involves the relationship between a firm’s short-term assets and its short-term liabilities.

From time to time, businesses may run into trouble unless they control their growth.

Leverage is an investment strategy which used debt (borrowed capital) to fund an investment or to expand an asset base for a company.

As a spreadsheet application, Microsoft® Excel is used to enter text and numbers to be organized, calculated, and analyzed.

It is important that the business owner seriously considers the different forms of business organization—types such as sole proprietorship, partnership, and corporation.

A proprietor is a person who is the legal owner of a business.