Better Business Bureau - BBB

AAA

DEFINITION of 'Better Business Bureau - BBB'

The Better Business Bureau (BBB) aims to promote ethical business practices, leading to an environment where buyers and sellers can operate under a common understanding of trust. Through encouraging better practices on the part of the consumer and the business and setting proper marketplace standards, the BBB provides educational material regarding general and specific desirable business practices. Firms that adhere to the mandated guidelines can attain BBB accredited businesses status.

INVESTOPEDIA EXPLAINS 'Better Business Bureau - BBB'

Consumers can file a complaint about a business if they feel that they have not been treated fairly. Historically, the BBB successfully resolves 70% of filed complaints. This organization serves to create a more trusting relationship between businesses and consumers.

RELATED TERMS
  1. Business Ethics

    The study of proper business policies and practices regarding ...
  2. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, ...
  3. Ponzi Scheme

    A fraudulent investing scam promising high rates of return with ...
  4. Revenue

    The amount of money that a company actually receives during a ...
  5. Business Model

    The plan implemented by a company to generate revenue and make ...
  6. Wire Fraud

    A situation where a person concocts a scheme to defraud or obtain ...
Related Articles
  1. Ethical Issues For Financial Advisors
    Professionals

    Ethical Issues For Financial Advisors

  2. Standards And Ethics For Financial Professionals
    Professionals

    Standards And Ethics For Financial Professionals

  3. Ivar Kreuger: Businessman Or Scam Artist?
    Entrepreneurship

    Ivar Kreuger: Businessman Or Scam Artist?

  4. The Alphabet Soup Of Financial Certifications
    Options & Futures

    The Alphabet Soup Of Financial Certifications

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center