Business Glossary

 I am studying in Business at Ahuntsic College. Studying in Business Administration, this glossary can help by using the words in in my department of study.

Broker

A person who buys and sells goods or assets for others.

Budget

An estimate of income and expenditure for a set period of time.

Business proposal

A business proposal is a written offer from a seller to a prospective buyer.

Cash flow

The amount of money the company has on hand to pay of its operating expenses.

Cold call

An unsolicited visit or telephone call made by someone trying to sell goods or services.

Cost

To estimate the price of making a product.

Cubicle

A small partitioned-off area of an office containing a desk.

Currency

A system of money in general use in a particular country.

Customer

Someone who buys goods or services from a business.

Debt

Something, typically money, that is owed or due.

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.

Distribution

The delivering of products to end-user.

End-user

The person who is the ultimate user of a product.

Export

To ship commodities to other countries or places for sale.

Fee

A charge or payment for professional services.

Freight

Goods transported by truck, train, ship, or aircraft.

Get the axe

To get fired

Headquarters

A center of operations or administration.

Lay-off

The dismissal of temporary workers.

Loan

A sum of money lent with interest.

Ressouces

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