My field of study is business. Business is really difficult to understand if you don't know the basic words. That's why I will do a little glossary about business. I hope this is going to help you understand business!
- Benefits:
- A payment made or an entilement available in accordance with a wage agreement, an insurance Policy, or a public assistance program
- Company:
- A business organization that makes, buys, or sells goods or provides services in exchange for money
- Competitor:
- A rival organisation that is engaged in commercial or economic competition with others
- Consumer:
- A person who buys goods and services
- Cooperative:
- A farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits
- Cost:
- To estimate the price of making a product
- Credit:
- The ability to obtain goods or services before payment, based on the trust that payment will be made in the future
- 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
- Employee:
- A person who works for another in return for Financial or other compensation
- Fee:
- A charge or payment for professional services
Franchise:
An association between a wholesaler and an independent business person who buys the right to own and operate a branded retail unit for the wholesaler's products
Import:
To bring in commodities from a foreign country for use or sale
Loss:
The excess of cost over the net proceeds from a transaction
Purchaser:
A person who buys something; a buyer
Salary:
A fixed regular payment made by an employer, often monthly, for professional or office work as opposed to manuel work
Tax:
A compulsory Financial contribution imposed by a gouvernment
Trade:
The activity or process of buying, selling, or exchanging goods or services
Union:
An organized association of workers formed to protect and further their rights and interests
Warranty:
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
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