Glossary
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break-even point
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revenues needed to cover expenses
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capital expenditures
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fixed items that depreciate in value, e.g. car, building, machinery
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cash flow statement
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statement estimating money coming in and going out over specific period of time
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critical path
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outlines time lines for activities in project
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current ratio
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relation of current assets to current liabilities
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deliverables
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products and/or services being provided to client
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employee empowerment
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entrusting employees with responsibilities and resources to carry out those responsibilities
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factoring
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sell receivables to company which becomes responsible for collection
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key person
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insurance policy covering person who is essential to continuing success of business
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market
|
customer demand for products and
services
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marketing plan
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business strategy outlining goals, objectives and activities for marketing company's products and/or services
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market niche
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specialized product or service that draws segment of target market
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pricing structure
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how price is determined
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profit centres
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product or service that makes most money
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proposal
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specifies product or service to be delivered, when, by whom, at what cost, and to what standard. Can be done in response to stated request, or self-initiated.
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quick ratio
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ratio of quick assets (liquid) to current liabilities
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reference sites
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clients who are using product or service and are willing to allow others to observe
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stakeholders
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those with vested interest in company's success, e.g. owner, employees, investors
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statement of operating expenses
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details of expected costs for period of time
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target market
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demographics that describe desired clients
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