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  • Business Owner
    A business owner is an individual or an entity who owns and operates a business.
  • Franchise
    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.
  • Asset Purchase
    When a business undertakes an asset purchase, in reality, it just taking this approach to structure the acquisition of a company.
  • AVCO Method
    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.
  • Budget
    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
    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.
  • Cash Sales
    A cash sale is a business transaction in which the buyer pays for goods or services at the time of the purchase.
  • Supply
    “Production or manufacture” is the process of converting raw materials into finished goods.
  • Incentive
    Definition of Incentive Incentive in simple terms is something that encourages a person or organization to do or achieve something.
  • Corporation
    Definition of Corporation A corporation is a legal entity that is separate and distinct from its owners or stockholders.
  • Detail Oriented
    “Focusing on details” is often the difference between being above average, mediocre, and extremely successful.
  • What is a Service Company?
    A service company provides a service to its customers, not a product; by providing services, a service company generates money.
  • What are Social Values?
    Social values are a set of principles that are morally acceptable by society.
  • What is a Board Meeting?
    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.
  • What is a Subsidiary?
    A subsidiary is a business that is controlled by another company.
  • Working Capital Management
    Working capital management involves the relationship between a firm’s short-term assets and its short-term liabilities.
  • Sustainable Growth Measures
    From time to time, businesses may run into trouble unless they control their growth.
  • Leverage
    Leverage is an investment strategy which used debt (borrowed capital) to fund an investment or to expand an asset base for a company.
  • Excel for Finance
    As a spreadsheet application, Microsoft® Excel is used to enter text and numbers to be organized, calculated, and analyzed.
  • Types of Business Organization
    It is important that the business owner seriously considers the different forms of business organization—types such as sole proprietorship, partnership, and corporation.
  • What is a Proprietor?
    A proprietor is a person who is the legal owner of a business.

 

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