- 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.