Business Terms

1)Marketing- includes all the business activities connected with the

efficient movement of goods and services from producers to consumers.
2)Product- a good, idea, method, information, object or service created
as a result of a process and serves a need or satisfies a want.
3)Price- a value that will purchase a finite quantity, weight, or other
measure of a good or service.
4)Wholesaling- is the process to buy a large quantity of goods from
various producers or vendors.
5)Retailing- is selling goods and services to the ultimate consumer.
6)Advertising- the activity or profession of producing information for
promoting the sale of commercial products or services.
7)Accounting- it reveals profit or loss for a given period, and the value
and nature of a firms assets, liabilities and owners equity.
8)Balance sheet- a document that records a companys assets and
liabilities at a certain moment in time, as well as the shareholders/
owners equity.
9)Bookkeeping- a necessary part of accounting, the routine, day-to-day
record keeping.
10)Assets-everything a company owns, including cash,accounts
receivable, property and goods.
11)Liabilities-everything that a company owes to others, like loans and
mortgages.
12)Owners equity- a part of a companys assets that the owner has. It
is calculated as assets minus liabilities.
13)Money- something generally accepted as a medium of exchange,
a measure of value, or a means of payment.
14)Bank- an establishment authorized by a government to accept
deposits, pay interest, clear checks, make loans, act as an intermediary in
financial transactions, and provide other financial services to its
customers.
15)Bond- a written and signed promise to pay a certain sum of money
on a certain date, or on fulfillment of a specified condition. All
documented contracts and loan agreements are bonds.
16)Securities- financing or investment instruments bought and sold in
financial markets, such as bonds, debentures, notes, options, and
warrants.
17)Share- a unit of ownership thet represents an equal proportion of a
companys capital.
18)Shareholder- an individual , group, or organization that owns one or
more shares in a company, and in whose name the share certificate is
issued.
19)Insurance- risk-transfer mechanism that ensures full or partial
financial compensation for the loss or damage caused by events beyond
the control of the insured party.
20)Risk- a probability or threat of damage, injury, liability, loss, or any
other negative occurrence that is caused by external or internal
vulnerabilities, and that may be avoided through preemptive action.