100 Terms Every Entrepreneur Should Know !

There is a great page on this site, where you can find a short description of many important business terms, but the page is a work in progress, meanwhile i am sharing with you the 100 terms every entrepreneur should know. If you need further clarification do not hesitate to check this page:

https://www.entrepreneurpost.com/important-business-and-entrepreneurship-terms/

Here’s 100 Terms Every Entrepreneur Should Know !

1. Accounting – the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
2. Advertising – the use of various media, such as television, radio, print, or online, to promote a product or service.
3. Aggregate demand – the total amount of goods and services demanded in an economy at a given overall price level and in a given time period.
4. Algorithm – a set of rules used to perform a specific task, such as solving a mathematical problem or organizing information.
5. Angel investor – an individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity.
6. Asset – anything of value that is owned by a person or business, including physical assets like buildings and equipment, as well as financial assets like stocks and bonds.
7. Auditing – the process of independently verifying and assessing the accuracy and reliability of financial information and records.
8. Balance sheet – a financial statement that summarizes a company’s assets, liabilities, and equity as of a specific date.
9. Bankruptcy – a legal process in which a person or business that is unable to pay its debts is relieved of further liability for those debts and is granted a fresh start.
10. Benchmarking – the process of comparing a company’s performance against industry standards or best practices in order to identify areas for improvement.
11. Bond – a debt security that is issued by a corporation or government and promises to pay periodic interest and repay the face value at maturity.
12. Branding – the process of creating a unique identity and image for a product or company in the minds of consumers.
13. Business cycle – the natural and recurring fluctuation of economic activity, characterized by periods of expansion and contraction.
14. Business plan – a written document that outlines a company’s goals, strategies, market analysis, and financial projections.
15. Capital – resources, such as money, buildings, and equipment, that are used to produce goods and services.
16. Capital budgeting – the process of evaluating and selecting long-term investments in assets, such as equipment or real estate.
17. Capital structure – the way a company finances its operations and growth through a combination of debt and equity.
18. Cash flow – the movement of money into and out of a business, including cash inflows from sales and cash outflows for expenses.
19. Channel of distribution – the path a product takes from the manufacturer to the end consumer, including wholesalers, retailers, and other intermediaries.
20. Coefficient of variation – a measure of the relative variability of a set of data, expressed as a ratio of the standard deviation to the mean.
21. Collective bargaining – the process of negotiating and setting the terms of employment, such as wages and benefits, between a union and an employer.
22. Competition – the rivalry between businesses for customers and market share.
23. Consumer behavior – the study of how people make decisions about what they buy and why they buy it.
24. Corporate culture – the values, beliefs, and practices that characterize a company and shape its interactions with employees, customers, and other stakeholders.
25. Corporate strategy – the plan and actions a company takes to achieve its long-term goals and objectives.
26. Cost benefit analysis – the process of evaluating the potential costs and benefits of a proposed investment or project.
27. Cost of goods sold – the direct costs of producing and selling a product, including the cost of raw materials, labor, and manufacturing overhead.
28. Cost structure – the way a company’s expenses are categorized and accounted for, including fixed costs, variable costs, and semi-variable costs.
29. Credit rating – an assessment of a company’s ability to repay its debts, based on factors such as financial stability, revenue, and payment history.
30. Crowdfunding – the practice of raising small amounts of money from a large number of people, typically via the internet, to finance a project or venture.
31. Customer relationship management (CRM) – the process of managing and analyzing customer interactions and data throughout the customer life cycle, with the goal of improving customer satisfaction and loyalty.
32. Debt – money owed by a person or company to another person or company.
33. Debt to equity ratio – a measure of a company’s financial leverage, calculated as the ratio of total debt to total equity.
34. Default – the failure to make a payment on a loan or debt when it is due.
35. Deflation – a decrease in the general price level of goods and services, leading to a decline in the purchasing power of money.
36. Demographic – a statistical characteristic of a population, such as age, gender, education, or income.
37. Depreciation – the allocation of the cost of a long-term asset, such as a building or equipment, over its useful life.
38. Direct marketing – a marketing approach that seeks to reach customers directly, without intermediaries, through methods such as telemarketing, email, or direct mail.
39. Diversity – the representation of a variety of perspectives and experiences within a company or organization, including differences in race, gender, ethnicity, sexual orientation, and age.
40. Dividend – a portion of a company’s earnings that is paid out to shareholders.
41. Diversification – the strategy of investing in a variety of assets or businesses in order to spread risk and reduce the impact of market volatility.
42. Economic indicator – a statistical measure of economic activity, such as gross domestic product (GDP), unemployment rate, or consumer price index (CPI).
43. Economic system – the way in which a society organizes the production, distribution, and consumption of goods and services.
44. Economies of scale – the reduction in average cost per unit that results from increased production, often achieved through specialization and efficiency.
45. E-commerce – the buying and selling of goods and services over the internet.
46. Elasticity – the responsiveness of demand or supply to changes in price or other economic factors.
47. Employee benefits – non-wage compensation provided to employees, such as health insurance, retirement plans, or paid time off.
48. Employment law – the laws and regulations governing the employment relationship, including issues such as minimum wage, overtime, safety, and discrimination.
49. Entrepreneur – a person who starts and manages a new business venture, typically with the goal of making a profit.
50. Equity – ownership interest in a company, represented by stocks or shares.
51. Exchange rate – the value of one currency in terms of another currency, often used to convert the value of financial transactions between countries.
52. Expense – the cost of goods or services incurred by a person or business.
53. Externalities – the positive or negative effects of economic activity that spill over to parties not directly involved in the transaction, such as pollution or traffic congestion.
54. Fair trade – a movement that seeks to ensure that producers in developing countries receive a fair price for their products, often by guaranteeing a minimum price and improving working conditions.
55. Federal Reserve System – the central banking system of the United States, responsible for implementing monetary policy and regulating the supply of money and credit.
56. Financial leverage – the use of borrowed money to finance the purchase of assets, with the goal of increasing returns on equity.
57. Financial market – a marketplace where financial instruments, such as stocks, bonds, and currencies, are bought and sold.
58. Financial statement – a record of a company’s financial activities, including its income statement, balance sheet, and cash flow statement.
59. Fixed cost – a cost that does not change with the level of production or sales, such as rent or insurance.
60. Flexible budget – a budget that adjusts to changes in the level of activity, such as sales or production.
61. Foreign direct investment (FDI) – investment by a company or individual in a foreign country, typically through the purchase of a controlling stake in a foreign company.
62. Franchise – a business model in which a company (the franchisor) grants the right to use its name and business model to another company (the franchisee) in exchange for a fee.
63. Free trade – a policy that allows goods and services to be traded freely between countries, without tariffs or other trade barriers.
64. Gross domestic product (GDP) – the value of all goods and services produced within a country’s borders in a given time period.
65. Gross margin – the difference between revenue and cost of goods sold, expressed as a percentage of revenue.
66. Hedge – an investment made to reduce the risk of adverse price movements in an asset, such as a stock or commodity.
67. Human capital – the knowledge, skills, and experience of a company’s employees, considered as a valuable asset.
68. Income statement – a financial statement that reports a company’s revenues and expenses over a given time period, showing the company’s net income or loss.
69. Intellectual property – legal rights to creations of the mind, such as patents, trademarks, and copyrights.
70. Interest rate – the cost of borrowing money, typically expressed as a percentage of the amount borrowed.
71. Inventory – the stock of goods and materials held by a company for sale or production.
72. Investment – the purchase of assets with the goal of generating income or capital appreciation.
73. Joint venture – a business arrangement in which two or more companies pool their resources to achieve a common goal.
74. Just-in-time (JIT) – a manufacturing strategy that aims to minimize inventory by producing goods only as they are needed.
75. Leverage – the use of borrowed money to finance investments, with the goal of increasing returns.
76. Liability – a legal obligation to repay a debt or fulfill a contract.
77. Licensing – the arrangement in which one company allows another company to use its intellectual property, such as a patent or trademark, in exchange for a fee.
78. Liquidity – the ability of an asset to be easily converted into cash without significant price depreciation.
79. Logistics – the management of the flow of goods and materials, including transportation, storage, and delivery.
80. Management – the process of planning, organizing, directing, and controlling the activities of a company or organization.
81. Market capitalization – the total value of a company’s outstanding shares of stock, calculated as the share price times the number of
82. shares outstanding.
83. Marketing – the process of identifying and meeting the needs and wants of customers through the creation and promotion of products and services.
84. Merger – the combination of two or more companies into a single entity.
85. Monetary policy – the actions taken by a central bank, such as the Federal Reserve System, to influence the money supply and interest rates.
86. Monopolistic competition – a market structure in which many firms offer similar products, but each has a slightly differentiated product, allowing them to charge slightly different prices.
87. Mutual fund – a type of investment vehicle that pools money from multiple investors to purchase a diversified portfolio of securities.
88. Net income – the amount of revenue remaining after all expenses have been paid, also known as profit.
89. Outsourcing – the practice of obtaining goods or services from outside suppliers, rather than producing them internally.
90. Patent – a legal right granted to an inventor for a limited period of time, allowing the inventor to exclude others from making, using, or selling the invention.
91. Payroll – the total amount of money paid to employees in a given time period, including salaries and benefits.
92. Pension plan – a retirement savings plan sponsored by an employer, in which employees contribute a portion of their salaries and the employer may also make contributions.
93. Performance management – the process of setting goals, evaluating progress, and providing feedback to employees to improve their performance.
94. Portfolio – a collection of investments held by an individual or organization.
95. Price elasticity of demand – the measure of how sensitive the quantity demanded of a product is to a change in its price.
96. Price-to-earnings ratio (P/E ratio) – a financial ratio that compares a company’s stock price to its earnings per share, used to evaluate a company’s current and future profitability.
97. Pricing strategy – the approach a company takes to setting the price for its products or services.
98. Private equity – investment in unlisted companies, typically through the purchase of a controlling stake, with the goal of restructuring the company and selling it at a profit.
99. Product development – the process of creating and launching new products.
100. Production – the process of creating goods and services.
101. Profit margin – the amount by which revenue exceeds costs, expressed as a percentage of revenue.