What are the main business terms?

What are the main business terms?


  • 1) BALANCE SHEET. The balance sheet documents a company’s financial health at specific points in time, usually at the end of the quarter or fiscal year.
  • 2) ASSETS.
  • 4) EQUITY.
  • 6) REVENUE.
  • 7) EXPENSE.
  • 8) PROFIT.

What are good business terms?

‘ A ‘good’ is a product. Economists say that the term refers to materials that satisfy human wants. They also provide utility, for example, to a shopper who buys a satisfying product.

What is business simple word?

A business is an organization where people work together. In a business, people work to make and sell products or services. Other people buy the products and services. The business owner is the person who hires people for work. A business can earn a profit for the products and services it offers.

How can I learn business terms?

Improve your Business Vocabulary

  1. Forget translating. Learn to understand business terms directly in English without even translating them in your mind.
  2. Create your own mini-dictionary.
  3. Start with what you know.
  4. Listen out for business talk.
  5. Read about business.
  6. Focus on pronunciation.
  7. Fun quizzes.

What are key financial terms?

Liability – any financial expense or amount owed. Line of credit – an agreement allowing a borrower to withdraw money from an account up to an approved limit. Liquidate – to quickly sell all the assets of a company and convert them into cash. Liquidation – the process of winding up an insolvent company.

What are the management terms?

General Project Management Terms

  • Project Plan. A project plan is one of the key formal documents created before starting any project.
  • Work Breakdown Structure (WBS)
  • Critical Path Method (CPM)
  • Project Manager.
  • Project Stakeholder.
  • Project Portfolio Management.
  • Collaboration.
  • Agile Project Management.

How can I improve my business vocabulary?

What is cash business term?

Cash refers to the physical money a business has in notes and coins, along with any money it has in the bank. The management of cash is very important as cash allows a business to pay its bills. The main cash payments a business makes include: payments to suppliers. payments to employees.

What is the business term for money?

Net assets (also known as net worth, owner’s equity or shareholder’s equity) – the total assets minus total liabilities. Net income – the total money earned by a business after tax and other deductions. Net profit (also known as your bottom line) – the total gross profit minus all business expenses.

What is a key term?

or key word Also called catchword. Library Science. a significant or memorable word or term in the title, abstract, or text of a document or other item being indexed, used as the index entry.

What are the 6 types of accounts?

Some people think banks just offer checking and savings accounts, but there are actually other types of bank accounts that financial institutions commonly offer.

  • Bank accounts at a glance.
  • Checking accounts.
  • Savings accounts.
  • Money market accounts.
  • Certificates of deposit (CDs)
  • Individual retirement arrangements (IRAs)