BUSINESS WORDS YOU SHOULD KNOW
1000 Essential Words and Phrases
Paperback Book
Business Words You Should Know addresses the language of the marketplace by explaining words and concepts in easy to understand definitions. If your company is located on the top floor on Wall Street or a spare bedroom on Main Street, the goal is the same: success. With the language clarified and the concepts clearly stated, success is easier to achieve. No longer will your staff struggle to understand a concept or find themselves misunderstanding each other. 10X change is no longer an obscure concept but a real, definable, achievable goal. The annual report will never be confused with the 10Q report and the necessity of both, unquestioned.
SAMPLE
Commodity
Goods in the form of products that are bought and sold based on market supply and demand. Commodities are often traded on commodity exchanges.
Although metals and oil are traditionally considered commodities, today electronics and music are also being traded on commodity exchanges.
See also: Demand, Economics
Disclosure
The public release of information; act of releasing all relevant information pertaining to a company that may influence an investment decision.
The firm had a policy of full disclosure of the financial records in order to avoid even a whisper of scandal.
See also: Investment
Organizational Capacity
The methods and means to grow and develop an organization to produce more.
Even though the company was small, its organizational capacity made it an excellent long-term investment.
See also: Capacity, Collaboration
Penetration Pricing
A marketing strategy in which the price is set low in order to penetrate the market quickly, maximize current revenue, increase brand share, or simply survive.
The new airline practiced penetration pricing the first year in order to build a name for itself in the highly competitive market.
See also: Brand
Volatility
The rate of change of the stock market to market factors.
The current volatility of the stock market made the woman decide to wait until it stabilized before investing.
See also: Investment, Market Factors