File Name: business terms and definitions .zip
It seems every industry has its own secret language. And knowing the lingo is an entry-point into the inner circle—an indicator that you truly belong.
Glossary of Terms
Business Term Glossary
This practical sales glossary is meant for anyone in sales who needs to refresh their memory on the most commonly used sales terms — especially new reps who are still learning the playing field. This sales glossary is meant to reduce ramp time for new reps that are getting immersed in B2B sales jargon for the first time. It is a sales strategy rooted behind the idea that every step a sales rep takes throughout the sales process aims towards closing a sale. AB Testing or Split Testing is an experiment involving two variants, usually for measuring and comparing the market response to each. For example, you can measure visitor traffic or conversion rate on two different web pages having similar content and purpose. Account refers to a record of primary and background information about an individual or corporate customer, including contact data, preferred services, and transactions with your company. Account-based Everything ABE or Account-based Revenue ABR is a framework that entails full coordination of customized care and management of targeted customer accounts across all relevant units of your organization such as marketing, sales, finance, and product development as well as the entire customer life cycle from lead generation to after-sales support.
A3 report: The A3 report, developed by Toyota, is a problem-solving tool to define or clarify problems, suggest solutions, and record the results of improvement activities. The report is written on ledger-sized paper 11 x 17 inches and includes text, pictures, diagrams, and charts broken into different sections, each clearly labeled and arranged in a logical flow to produce a desired outcome for a proposed process. Acceptance number: The maximum number of defects or defectives allowable in a sampling lot for the lot to be acceptable. Acceptance quality limit AQL : In a continuing series of lots, a quality level that, for the purpose of sampling inspection, is the limit of a satisfactory process average. Acceptance sampling: Inspection of a sample from a lot to decide whether to accept that lot. There are two types: attributes sampling and variables sampling. In attributes sampling, the presence or absence of a characteristic is noted in each of the units inspected.
Learning basic business terms is pivotal to improving your business acumen. This primer will walk you through the basic business terms in easy-to-understand ways. Accounting involves the systematic recording and reporting of business financial transactions. Accounting is often complicated. You may want to hire a professional to handle this. This is the amount of money your customers or clients owe your business for goods or services you supply. This total value can give you a snapshot of the amount owed to your business at any given time.
which may be used as an ordinary dictionary of business terms. The reader is invited, after having English part, where he will find a definition, whenever it.
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Our glossary will explain some of the meanings of the most commonly used business phrases — so talking to your accountant should be a bit easier in the future. Businesses are obligated to produce an annual set of accounts. If they are listed on the stock exchange, they must also show half-year profits information regarding profits six months into the financial year. An actuary is a person employed by pension providers and insurance companies.
The contract governing your open-end credit account, it provides information on changes that may occur to the account. The payment history of an account over a specific period of time, including the number of times the account was past due or over limit. Any and all persons designated and authorized to transact business on behalf of an account.
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