Business Management Glossary

I study Social Science in the field of Business Management in College Ahuntsic. This program includes courses such as marketing, economics and business law. My glossary contains terms that can be useful to anyone who studies in those fields.

profit

noun

A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Example: The company made a profit this year

fr: profit

marketing

noun

The action or business of promoting and selling products or services, including market research and advertising.

Example: Our advanced technology is used for online direct marketing and helps marketers achieve a better understanding of their customers and prospects online behavior.

fr: commercialisation

dividend

noun

A sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).

Example: From time to time surplus cash has been returned to shareholders in the form of special dividend payments.

fr: dividende

opportunity cost

noun

The loss of potential gain from other alternatives when one alternative is chosen.

Example: When the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare.

fr: coût d'opportunité

recession

noun

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. "the country is in the depths of a recession".

Example: When the economy entered recession, the workhouse conditions had to be worsened more.

fr: récession

debt

noun

Something, typically money, that is owed or due.

Example: The whole property of the debtor might be pledged as security for the payment of the debt, without any of it coming into the enjoyment of the creditor.

fr: dette

equity

noun

The value of the shares issued by a company.

Example: He owns 62% of the group's equity.

fr: équité

liability

noun

The state of being responsible for something, especially by law.

Example: This means that it provides coverage for both property damage and liability coverage which includes legal responsibility for injuries and property damage incurred by other people.

fr: responsabilité

obligation

noun

A binding tie which requires individuals involved to do something or pay for something under legal terms according to the law.

Example: Eric has an obligation to pay for his speeding ticket within 60 days under the state law in North Carolina.

fr: obligation

contract

noun

A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.

Example: Both parties must sign employment contracts.

fr: contrat

insurance

noun

A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.

Example: Well, if the insurance doesn't pay, I'll fix it.

fr: assurance

warranty

noun

A written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time.

Example: The car comes with a three-year warranty.

fr: garantie

supplier

noun

A person or organization that provides something needed such as a product or service.

Example: He has some cosy arrangement/deal with his supplier, which means he's able to sell his goods more cheaply.

fr: fournisseur

product development

noun

Process of delivering a new product or improving an existing one.

Example: The company is spending another $ 100 million on product development.

fr: conception de produit

currency

noun

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

Example: Few countries have suffered more from a depreciated currency than Argentina.

fr: devise

asset

noun

Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Example: Growth in net assets.

fr: actif

finance

noun

The management of revenues; the conduct or transaction of money matters.

Example: The banking institutions are supervised by an inspector of finance, who reports annually to the General Assembly.

fr: finance

retailer

noun

A person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.

Example: Work dynamically, openly and enthusiastically with retailers at local and national levels to develop measurable, sustainable improvements in profitability.

fr: détaillant

import

verb

Bring (goods or services) into a country from abroad for sale.

Example: Though Siberia has within itself all the raw produce necessary for prosperous industries, it continues to import from Russia all the manufactured articles it uses.

fr: importer

loan

noun

A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.

Example: Borrowers can take out a loan for $84,000.

fr: prêt

This glossary was made with the Virtual Writing Tutor glossary maker and grammar checker.