Small Business
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Is business ethics important in business profitability?
Discover how business ethics as a guiding philosophy within a company can have a drastic impact on long-term business profitability ... -
Contract Theory
Contract theory is the study of how individuals and businesses construct and develop legal agreements. -
Small And Mid-size Enterprise (SME)
A small and mid-size enterprise (SME) are businesses that maintain revenues or a number of employees below a certain threshold. ... -
Advertising Club Of New York
The Advertising Club of New York, an organization for communications professionals traces its origins back to 1896. -
Interpersonal Skills
Interpersonal skills in the business domain generally refers to an employee's ability to get along with others while getting ... -
Section 1202
Section 1202 of the Internal Revenue Code provides for capital gains from select small business stock to be excluded from ... -
Whistleblower
A whistleblower is anyone who has and reports insider knowledge of illegal activities occurring in an organization. -
Marginal Propensity To Import (MPM)
Marginal Propensity To Import is the amount imports increase or decrease with each unit rise or decline in income. -
Production Externality
Production externality refers to a side effect from an industrial operation, such as a paper mill producing waste that is ... -
Dog Eat Dog
Dog eat dog refers to intense competition in a market. -
Moratorium
A moratorium is a temporary suspension of an activity or a law. -
Activity-Based Budgeting (ABB)
Activity-based budgeting (ABB) is a method of budgeting where activities which incur costs are recorded, analyzed and researched. -
Jointly and Severally
Jointly and Severally is a legal term describing a partnership where individual decisions are bound to all parties involved ... -
Hierarchy-of-Effects Theory
The hierarchy-of-effects theory is a model of how advertising influences a consumer's decision to purchase or not purchase ... -
Advertising Appropriation
Advertising appropriation is the portion of a total marketing budget that is allocated for advertising over a specific time ... -
Business Interest Expense
Business interest expense is the cost of interest that is charged on business loans used to maintain operations. -
Dual Pricing
Dual pricing is the practice of setting prices at different levels for the same product or service. -
Monopolist
A monopolist is an individual, group or company that controls all of the market for a particular good or service. -
Financialization
Financialization refers to the increase in size and importance of a country's financial sector relative to its overall economy. ... -
Contestable Market Theory
Contestable market theory is an economic concept that refers to a market in which there are only a few companies that behave ... -
Augmented Product
An augmented product is a core product with added features and services which add value and distinguishs it from competitors' ... -
Cold Calling
Cold calling is the solicitation of a potential customer who had no prior interaction with the salesperson. -
Scope
Scope is a project management term for the combined objectives and requirements necessary to complete a project. -
Virtual Data Room - VDR
A virtual data room (VDR) is a secure online repository for document storage and distribution. -
Harvest Strategy
A harvest strategy is a plan in which investments in a product or product line are reduced or terminated to reap its maximum ... -
Virtual Assistant
A virtual assistant is an independent contractor who provides administrative services to clients while operating outside ... -
Provision
A provision is a stipulation in a contract or legal document often requiring action by a certain date or within a certain ... -
DAGMAR
Defining Advertising Goals for Measured Advertising Results (DAGMAR) is a marketing tool for measuring the results of an ... -
Capital Allocation
Capital allocation is the process of allocating financial resources to different sources to maximize profits and increase ... -
Brand Awareness
Brand awareness is the extent to which consumers are aware of a brand and its related products. -
Cross Culture
Cross culture is the interaction of people from different backgrounds in the business world. -
Limited Partner
A limited partner is a business partner whose liability is limited to the amount of their investment in the company. -
Incorporated Trustee
An incorporated trustee is a corporation, usually a trust company, which is named as the trustee of a private trust or other ... -
Multicultural Organization
A multicultural organization features a workforce that includes people from diverse backgrounds integrated across all levels ... -
Chapter 10
Chapter 10 was a type of corporate bankruptcy filing that was retired due to its complexity; its key parts were revised and ... -
Coopetition
Coopetition happens when companies engage in both competition and cooperation to achieve some sort of mutual benefit. -
Mindshare
Mindshare is a marketing term that describes the amount consumer awareness or popularity surrounding a particular product, ... -
Reconstruction Finance Corporation - RFC
The Reconstruction Finance Corporation (RFC) was an agency established by the United States government, tasked with assisting ... -
Marketing
Marketing refers to the activities of a company associated with buying, advertising, distributing or selling a product or ... -
Gentlemen's Agreement
A gentlemen's agreement is an unwritten agreement or transaction backed only by the integrity of the counterparty to actually ... -
Why is game theory useful in business?
Find out how the concepts of game theory became the revolutionary interdisciplinary phenomenon and learn the difference between ... -
The causes and costs of absenteeism
Find out how this article looks at the causes of absenteeism, the costs of lost productivity, and what employers can do to ... -
Non-Accountable Plan
A non-accountable plan is a way to provide employees with an allowance for business expenses or travel that does not need ... -
Zombies
Zombies are companies that earn just enough money to continue operating and service debt, but are unable to pay off their ... -
Flighting
Flighting is an advertising scheduling strategy that alternates between running a normal schedule of advertising and a complete ... -
Wage Earner Plan (Chapter 13 Bankruptcy)
A wage earner plan (Chapter 13 Bankruptcy) enables individuals with a regular income to restructure their obligations to ... -
Productize
"Productize" refers to the process of developing or altering a process, idea, skill or service to make it marketable for ... -
Personal Service Corporation
A personal service corporation is a corporation that is created for the purpose of providing personal services to individuals ... -
Tying
Tying is an often illegal arrangement where, in order to buy one product, the consumer must purchase another product that ... -
Central Purchasing
Central purchasing is a department within a business or organization that is responsible for making all procurements.
Hot Definitions
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Financial Industry Regulatory Authority - FINRA
A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ... -
Initial Public Offering - IPO
The first sale of stock by a private company to the public. IPOs are often issued by companies seeking the capital to expand ... -
Cost of Goods Sold - COGS
Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company. -
Profit and Loss Statement (P&L)
A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ... -
Monte Carlo Simulation
Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted ... -
Price Elasticity of Demand
Price elasticity of demand is a measure of the change in the quantity demanded or purchased of a product in relation to its ...
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