Professional Documents
Culture Documents
To facilitate means to make things easier and help them run more smoothly. A facilitator is the person
whose job is to facilitate.
Coordinate
Two or more parties (people or groups) to work together. The person who coordinates tasks or activities
is known as a coordinator.
Inventory
The noun inventory refers to the items or products you have in stock.
Merchandise
The noun merchandise simply refers to the products or goods that are bought and sold by your
company.
Turnover
It refer to the amount of money your company receives in sales, or the rate at which your company’s
merchandise is sold and replaced by new stock. It could also mean the rate at which staff leave your
company and are then replaced by new people.
Profitability
The noun profitability refers to the profit or amount of money gained from your sales or business.
Business Proposal
Is the process of providing funds for business activities, making purchases, or investing. Financial
institutions, such as banks, are in the business of providing capital to businesses, consumers, and
investors to help them achieve their goals.
Business Meeting
Is a gathering of two or more people for the purpose of making decisions or discussing company
objectives and operations. Business meetings are generally conducted in person in an office, however
with the rise of video conferencing technologies, participants can join a business meeting from
anywhere.
Profit
Describes the financial benefit realized when revenue generated from a business activity exceeds the
expenses, costs, and taxes involved in sustaining the activity in question.
Income
Is the total amount of earnings a company makes minus expenses. It is calculated by subtracting the
costs of doing business, such as depreciation, interest, taxes, and other expenses from revenue.
Branch
Office is a location, other than the main office, where a business is conducted. Most branch offices
consist of smaller divisions of different aspects of the company such as human resources, marketing,
and accounting.
Company
Corporation tax or company tax, is a direct tax imposed on the income or capital of corporations or
analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may
be imposed at state or local levels.
Receipt
Is an official record that represents proof of a financial transaction or purchase. Receipts are issued in
business-to-business dealings as well as stock market transactions. Receipts are also necessary for tax
purposes as proof of certain expenses.
Transaction
Is an economic event with a third party that is recorded in an organization's accounting system.
Sales
Refer to any transactions where money or value is exchanged for the ownership of a good or
entitlement to a service. In an accounting context, sales refers to a company's revenue earned from the
sales of products or services
Enterprise
Is defined as a legal entity possessing the right to conduct business on its own, for example to enter into
contracts, own property, incur liabilities and establish bank accounts. An enterprise may be a
corporation, a quasi- corporation, a non-profit institution, or an unincorporated enterprise.
Business Organization
An entity formed for the purpose of carrying on commercial enterprise. Such an organization is
predicated on systems of law governing contract and exchange, property rights, and incorporation.
Business Partner
Is a commercial entity with which another commercial entity has some form of alliance. This relationship
may be a contractual, exclusive bond in which both entities commit not to ally with third parties.
Competitors
Are other businesses who can offer the same or similar goods and services to your customers.
Capital
In business refers to the sum of financial assets that are required to produce goods or services. These
funds can be used to initiate operations, meet daily expenses or grow and expand the business.
Marketing
Refers to activities a company undertakes to promote the buying or selling of a product or service.
Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some
marketing is done by affiliates on behalf of a company.
Employee
Is someone businesses hire and pay for work performed. Employees are classified as people who take
direction from other professionals within the company. Employers have a certain level of control over
their behaviors, finances and benefits.
Employer
Is an individual or an organization in the government, private, nonprofit, or business sector that hires
and pays people for their work. As the authority within an organization, the employer defines the terms
of employment for employees and provides the agreed-upon terms such as the salary.