Friday, January 1, 2010
Zero-balance account
A bank account that does not hold funds continuously, but has money automatically transferred into it from another account when claims arise against it
Working capital
The excess of current assets over current liabilities. The cash needed to keep the business running from day to day.
Word of mouse
Word-of-mouth publicity on the Internet. Owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart
Withholding tax
The money that an employer pays directly to the U.S. government as a payment of the income tax on the employee
Wholesaling
Businesses and individuals engaged in the activity of selling products to retailers, organizational users or other wholesalers. Sale for resale.
Wholesale price
A price charged to customers who buy large quantities of an item for resale in smaller quantities to others
Whistle blowing
Speaking out to the media or the public on malpractice, misconduct, corruption, or mismanagement witnessed in an organization
Weighted average
An average of quantities that have been adjusted by the addition of a statistical value to allow for their relative importance in a data set
Web marketing
The process of creating, developing, and enhancing a Web site in order to increase the number of visits by potential customers
Wealth
Physical assets such as a house or financial assets such as stocks and shares that can yield an income for their holder
Waste management
A sustainable process for reducing the environmental impact of the disposal of all types of materials used by businesses.
Wall Street
The U.S. financial industry, or the area of New York City where much of its business is done
Wallet technology
A software package providing digital wallets or purses on the computers of merchants and customers to facilitate payment by digital cash
Waiver of premium
A provision of an insurance policy that suspends payment of premiums, for example, if the insured suffers disabling injury
Vulture capitalist
A venture capitalist who structures deals on behalf of an entrepreneur in such a way that the investors benefit rather than the entrepreneur
Volume
An amount or quantity of business; the volume of a business is the total it sells over a period of time.
Vision statement
A statement giving a broad, inspirational image of the future that an organization is aiming to achieve.
Virus
A computer program designed to damage or destroys computer systems and the information contained within them
Virtual organization
A temporary network of companies, suppliers, customers, or employees, linked by information and communications technologies, with the purpose of delivering a service or product.
Viral marketing
The rapid spread of a message about a new product or service in a similar way to the spread of a virus
Vertical market
A market that is oriented to one particular specialty, for example, plastics manufacturing or transportation engineering
Thursday, December 31, 2009
Happy New Year
Now new year 2010 is going to start and 2009 is going to end pray from God to forgive all those mistakes which we have done in 2009 and save us from all types of sins and mistakes.
From your friends kindly apologies your friends to whom you you heart.
And also forgive me if I heart any one of you through any activity.
From your friends kindly apologies your friends to whom you you heart.
And also forgive me if I heart any one of you through any activity.
Verbal contract
An agreement that is oral and not written down. It remains legally enforceable by the parties who have agreed to it
Venture management
The collaboration of various sections within an organization to encourage entrepreneurial spirit, increase innovation, and produce successful new products more quickly
Venture funding
The round of funding for a new company that follows seed funding provided by venture capitalists
Tuesday, December 29, 2009
Venture capital
Money used to finance new companies or projects, especially those with high earning potential and high risk.
Variance
The square of a standard deviation; a measure of the difference between actual performance and forecast, or standard, performance.
Variable interest rate
An interest rate that changes, usually in relation to a standard index, during the period of the loan
Variable annuity
An annuity whose payments depend either on the success of investments that underlie it, or on the value of the index
Value-added tax
A tax added at each stage in the manufacture of a product. It acts as a replacement for a sales tax in almost every industrialized country outside North America.
Value added
Originally, the difference between the cost of bought-in materials and the eventual selling price of the finished product
Unit of trade
The smallest amount that can be bought or sold of a share of stock, or a contract included in an option
Underwriter
A person or organization that buys an issue from a corporation and sells it to investors
Undervalued
Used to describe an asset that is available for purchase at a price lower than it is worth.
Uncertainty analysis
A study designed to assess the extent to which the variability in an outcome variable is caused by uncertainty at the time of estimating the input parameters of the study.
Unbundling
Dividing a company into separate constituent companies, often to sell all or some of them after a takeover.
Turnkey contract
Immediately an agreement in which a contractor designs, constructs, and manages a project until it is ready to be handed over to the client and operation can begin he conditions concerning payment for a purchase
Trademark
An identifiable mark on a product that may be a symbol, words, or both, that connects the product to the trader or producer of that product.
Trade-fair
A commercial exhibition designed to bring together buyers and sellers from a particular market sector.
Think tank
An organization or group of experts researching and advising on issues of society, science, technology, industry, or business.
Test marketing
The use of a small-scale version of a marketing plan, usually in a restricted area or with a small group, to test marketing strategy for a new product.
Terms of trade
A ratio to determine whether the conditions under which a country conducts its trade are favorable or unfavorable
Tender
To make or submit a bid to undertake work or supply goods at a stated price. A tender is usually submitted in response to an invitation to bid for a work contract in competition with other suppliers.
Telephone survey
A research technique in which members of the public are asked a series of questions on the telephone
Telecommute
To work without leaving your home by using telephone lines to carry data between your home and your employer's place of business.
Tax return
An official form on which a company or individual enters details of income and expenses, used to assess tax liability.
Tax refund
An amount that a government gives back to a taxpayer who has paid more taxes than were due.
Tax incentive
A tax reduction afforded to people for particular purposes, for example, sending their children to college
Target marketing
Selecting and developing a number of offerings to meet the needs of a number of specific market segments.
Target market
The specific individuals distinguished by socio-economic, demographic and interest characteristics, who are the most like¬ly potential customers for the goods and services of a business.
Monday, December 28, 2009
Sales representative
A salesperson selling the products or services of a particular organization or manufacturer. Sales representatives are sometimes employed directly by a company as part of the sales force or they may work independently and be employed by contract. Sales reps often represent more than one product line from more than one company and usually work on commission.
Random sampling
An unbiased sampling technique in which every member of the population has an equal chance of being included in the sample. Based on probability theory, random sampling is the process of selecting and canvassing a representative group of individuals from a particular population in order to identify the attributes or attitudes of the population as a whole.
Pro-forma
A projection or estimate of what may result in the future from actions in the present. A pro forma financial statement is one that shows how the actual operations of the business will turn out if certain assumptions are achieved.; a document issued before all relevant details are known, usually followed by a final version.
Receivable
Ready for payment. When you sell on credit, you keep an "accounts receivable" ledger as a record of what is owed to you and who owes it. In accounting, a receivable is an asset.
Service
Any activity or benefit that one party can offer to another that is essentially intangiable and does not result in ownership of anything
(Kotler & Armstrong)
Take-home pay
The amount of pay an employee receives after all the deductions, such as income tax, social security, or pension, contributions.
Suppliers
Individuals or businesses that provide resources needed by a company in order to produce goods and services.
Stock
An ownership share in a corporation; another name for a share. Another definition would be accumulated merchandise.
Sole proprietorship
Definition 2:
A business structure in which an individual his/her company are considered a single entity for tax and liability purposes. A sole proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return. The owner is inseparable from the sole proprietorship, so he/she is liable for any business debt and also called proprietorship.
On the positive side, a sole proprietorship is the easiest form of business to set up. If you operate your business under your own name, with no additions, you don't even need to register your business name to start operating as a sole proprietor
Share
One of the equal parts into which the ownership of a corporation is divided. A "share" represents part ownership in a corporation.
Setup costs
The costs associated with making a workstation or equipment available for use.
Definition 2:
Expenses incurred in setting up a machine, work center, or assembly line, to switch from one production job to the next.
Definition 3:
Costs associated with establishing a new manufacturing procedure. Setup costs include design costs, acquisition and location of machinery, and employee hiring and training.
Definition 2:
Expenses incurred in setting up a machine, work center, or assembly line, to switch from one production job to the next.
Definition 3:
Costs associated with establishing a new manufacturing procedure. Setup costs include design costs, acquisition and location of machinery, and employee hiring and training.
Service charge
A gratuity usually paid in restaurants and hotels; a fee for any service provided, or additional fee for any enhancements to an existing service.
Self-employment
Being in business on one's own account, either on a freelance basis, or by reason of owning a business and not being engaged as an employee under a contract of employment.
Seed money
A usually modest amount of money used to convert an idea into a viable business. Seed money is a form of venture capital.
Seasonal business
Trade that is affected by seasonal factors, for example, trade in goods such as suntan products or Christmas trees.
Security
Collateral that is promised to a lender as protection in case the borrower defaults on a loan.
Sales quota
A target set for the sales force stating the number and range of products or services that should be sold.
Sales promotion
Activities, usually short-term, designed to attract attention to a particular product and to increase its sales using advertising and publicity.
Sales forecast
A prediction of future sales, based on past sales performance. Sales forecasting takes into account the economic climate current sales trends, company capacity for production, company policy, and market research.
Sales force
A group of sales people or sales representatives responsible for the sales of either a single product or the entire range of an organization's products.
Sales channel
A means of distributing products to the marketplace, either directly to the end costumer, or indirectly through intermediaries such as retailers or dealers.
Sales
The activity of selling a company's products or services, the income generated by this, or the department that deals with selling.
Salary
A form of pay given to employees at regular intervals in exchange of the work they have done.
Revolving fund
A fund the resources of which are replenished from the revenue of the projects that it finances
Retailing
Businesses and individuals engaged in the activity of selling products to final consumers.
Response rate
The proportion of subjects in a statistical study who respond to a researcher's questionnaire.
Response marketing
In e-marketing, the process of managing responses or leads from the time they are received through to conversion to sale.
Reinsurance
A method of reducing risk by transferring all or part of an insurance policy to another insurer.
Refund
The reimbursement of the purchase price of a good or service, for reasons such as faults in manufacturing or dissatisfaction with the service provided.
Redundancy
Dismissal from work because a job ceases to exist. Redundancy occurs most frequently when an employer goes out of business necessitating a cutback in the workforce, or relocates part, or all, of the company.
Recurring payments
An electronic payment facility that permits a merchant to process multiple authorizations by the same customer either as multiple payments for a fixed amount or recurring billings for varying amounts.
Recession
A stage of the business cycle in which economic activity is in slow decline. Recession usually follows a boom, and precedes a depression. It is characterized by rising unemployment and falling levels of output and investment.
Rebating
A sales promotion technique in which the customer is offered a rebate for reaching volume targets.
Ratio
The relationship of one thing to another. A "ratio" is a short-cut way of comparing things, which can be expressed as numbers or degrees.
Rate of interest
An accounting ratio of the income from investment to the amount of investment, used to measure financial performance.
Questionnaire
A data-gathering form used to collect information by a personal interview, with a telephone survey or through the mail.
Quality
All the features and characteristics of a product or service that affect its ability to meet stated or implied needs.
Qualification payment
an additional payment sometimes made to employees of New Zealand companies, who have gained an academic qualification relevant to their jobs.
Publicity
Any non-paid, news-oriented presentation of a product, service or business entity in a mass media format.
Promotional pricing
Temporarily pricing a product or service below list price or below cost in order to attract customers.
Promotion
The communication of information by a seller to influence the attitudes and behavior of potential buyers.
Pro-forma invoice
an invoice that does not include all the details of a transaction, often sent before goods are supplied and followed by a final detailed invoice.
Profit and Loss Statement
A list of the total amount of sales (rev¬enues) and total costs (expenses). The difference between revenues and expenses is your profit or loss.
Product line
A group of products related to each other by marketing, technical or end-use considerations.
Product life cycle (PLC)
The stages of development and decline through which a successful product typically moves.
