Hi there! My name is David William Tremblay and I have been studying Social Sciences for almost 2 years now. More specifically, my program is titled: Business Management. Since your probably in the same field of study than me, you most likely want to know more about certain technical terms people use in this field. This glossary will help the people trying to know just a little more about the Business Management world by showing you 20 of my favorite terms to use inside and outside of this field of study. This 20-word-glossary will help you understand certain technical and specific terms for the eventuality of when you find yourself a nice cozy job in that field. Not only will you find the definitions of the terms, but also an example and a picture associated with that same term. For most of the terms, I used my class textbook: "Actively Engaged Online" by Nicholas Walker. Now please! Go and explore what the Business Management field is all about!
Bankruptcy
noun
The legal status of a person or other entity that cannot repay the debts owed to the creditors.
Example: Britain had spent itself close to BANKRUPTCY... [and] someone had to pay, and in Grenville's view the North American colonies had delayed paying long enough.
en: La faillite
Benchmarking
noun
Comparing one's products to those of competitors in order to improve quality and performance.
Example: In order to analyse the effectiveness of Liverpool model, BENCHMARKING may be a useful tool to compare with Greenwich (because it has a lot of similarities between Liverpool) and identify the opportunities for improvement.
en: Analyse comparative
Bookkeeping
noun
The activity or occupation of keeping records of the financial affairs of a business.
Example: BOOKKEEPING is an essential aspect of managing a small business.
en: Tenue de livre compte
Broker
noun
A person who buys and sells goods or assets for others.
Example: Her father was an insurance BROKER while her mother had a love of mathematics, which she passed to her daughter.
en: Courtier
Business analyst
noun
Individual who looks closely at a company or department's operations to find where the areas of weaknesses are, and helps develop solutions to overcome those weaknesses.
Example: I am an experienced BUSINESS ANALYST with years of experience, I wish to offer my services and skills for enhancing my career path and for the growth of the organization.
en: Analyste d'affaires
Capital
noun
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Example: 'Schemes A and B would add to traffic congestion; scheme C would not, but it would require a bigger investment of CAPITAL.'
en: Capital
Cash flow
noun
The amount of money the company has on hand to pay of its operating expenses.
Example: This financial plan will ensure the financial evaluation of operation plans to achieve predefined profitability and CASH FLOW.
en: Des flux de trésorerie
Contractor
noun
A person who is hired to perform work or to provide goods at a certain price or within a certain time.
Example: This is mainly due to their design development strategy, constant collaboration with other built environment professionals and partnership with a main CONTRACTOR.
en: Entrepreneur
Dividend
noun
A portion of a company's earnings which is paid to the shareholders or stockholders on a quarterly or annual basis.
Example: A limitation of this ratio is such that when an entity records a loss, no earnings are available but still a DIVIDEND is often paid. This displays as a negative value, since there is no profit to cover the DIVIDEND.
en: Dividende
Economy of scale
noun
A proportionate saving in costs gained by an increased level of production.
Example: Tesco has ECONOMY OF SCALE and can buy in and produce high volume of products at once as it has lots of customers.
en: Économie d'échelle
Freight
noun
Goods transported by truck, train, ship, or aircraft.
Example: Railways were the most technologically superior mode of transport that reduced costs and made possible the speedier, more reliable movement of FREIGHT and for the first time, large numbers of passengers as shown by the growth in FREIGHT carried and passenger numbers between 1842 and 1900 in table 2.
en: Fret
Interest
noun
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Example: Credit Policy In order to alleviate a critical constraint hampering growth in agricultural output and in conjunction with the diversification program, small holders obtained INTEREST-free credit by the respective Marketing Board for the purchase of agricultural inputs (including fertilizers and pesticides) used in the production.
en: Intérêt
Joint venture
noun
A way of entering a foreign market by joining with a foreign company to manufacture or market a product of service.
Example: Its specialty compared with the other options is that a partner business is needed to set up a JOINT VENTURE.
en: Coentreprise
Overdraft
noun
A deficit in a bank account caused by drawing more money than the account holds.
Example: Thus, because of the importance of cash position in a business, managers often plans cash movements in advance, which enable them to be confident of adequate cash, or to have enough time to negotiate OVERDRAFT facilities.
en: Découvert
Retailer
noun
A business person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business.
Example: Alternative methods include electronic authozisation where the credit card details are entered onto the RETAILER's website.
en: Détaillant
Shareholder
noun
One that owns or holds a share or shares of stock.
Example: Shareholders' funds and company's assets were used totally by VT group because of the ROCE, ROI and return to SHAREHOLDER' funds all increased from 11.84%, 11.91%, 18.41% to 17.12%, 18.25%, and 28.03% respectively.
en: Actionnaire
Trade
noun
The activity or process of buying, selling, or exchanging goods or services.
Example: Companies were able to offer their goods and services much more widely throughout the EU, leading to a rapid growth in TRADE within the region, so the TRADE, distribution and developing barriers of our business within the EU have been greatly minimized, and we have a considerably enlarged free TRADE environment to expand our new business areas.
en: Commerce
Union
noun
An organized association of workers formed to protect and further their rights and interests.
Example: For example, the agents may not train their employees effectively or an accumulation of employee resistance to change could lead to strikes and trade UNION action.
en: Syndicat
Venture
noun
A risky undertaking.
Example: We cannot allow other companies to access our data and copy our ideas as it could lead to bankruptcy of our VENTURE.
en: un risque
Viral marketing
noun
The internet version of word-of-mouth marketing - email messages that costumers pass on to friends.
Example: Either this is clever viral marketing for a new Yogi Bear movie or Earth is destined to become the Planet of the Bears.
