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Glossary of Business and Financial Terms

GLOSSARY F


Obtaining money resources.

Documents that show financial situation of a business.

In language of accounting, any consecutive twelve-month period.

Assets, such as buildings, machinery and land held for use within the firm to support revenue making activities; assets that are unlikely to be turned into cash within one year.

Costs of doing business that remain unchanged, regardless of the level of sales. These could include rent, salaries and utility bills.

Those costs that don't vary from one period to the next (expenses that are not affected by the volume of business - rent for example).

An interest rate that remains the same for the term of the loan.

The value of a cheque that has not yet cleared the account on which it was written. This means the issuer of the cheque has value for the money until the cheque clears.

An agreement to exchange one currency for another at a specified date in the future at an agreed-upon rate.

The privilege or right to deal in a certain line or brand of goods and services.

A person or company who give a franchise.

A person or company who agrees to run a business according to certain standards prescribed by the franchisor.

A fee for buying shares or units af a mutual fund.

The term refers to the ability of something to continue to be of value into the distant future; something that does not become obsolete.


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Did You Know?

The key to having success with selling online is to get your customers to order directly on the Internet. This way, the order can be sent immediately, while the customer is anxious to buy.
Online orders can be taken seven days a week, 24 hours a day, without any human intervention.
Keep in mind that if you want to do business on the web, you'll have to attract customers just as you do for a physical storefront.

"A goal is a dream with a deadline." ~ Napoleon Hill

Digitize Your Collection

Don't let your old pictures, videos and music collections become obsolete and unusable. Digitize them because they will not last forever, especially if you have VHS cassettes, older film formats, vinyl music collections and precious old pictures. If you don't want to spend time on that, consider using services that will convert for you. Once they are converted you can upload them to your computer or take advantage of free or paid online cloud storage.



Promote locally
to build long term loyalty
Add personal touch
to build trust and connection
Combine the best tools
use online and offline marketing

Did You Know?

It doesn't take a fortune to sell your products and services on the Internet. It just takes some knowledge of what your customers want and how to find a way to present your sales solution to them.

For business people either selling products or promoting their services on the Internet, the importance of attractive, fast, usable sites can't be overstressed. Much like a counter person or storefront, the appearance and function of a business' website conveys an image of the company to the customer.

Your website is your image on the Internet. That image can either be good or bad, and bad images don't sell. Adhering to a few common sense web design rules can help with the public's perception of your company and increase your sales. Find out more...