Business Definitions You Need To Know
Business Definitions You Need To Know
In todays article we are going to cover some of the most important business definitions you should know when it comes to dealing with business. Whether that’s either in the corporate world or in the entrepreneurial world these definitions are a must know. Many of these definitions range from well know terms to rarely used terms. So that way you have information on these business terms ranging from the well known to the not so well known. So with that all being said lets get into todays informative article.
Business Definitions
Accounting Period: This refers to the duration for which profits are calculated, typically in months, quarters or years.
Accounts Payable: This refers to the amounts of money that your company owes to external suppliers.
Accounts Receivable: This refers to the money that customers owe to your company.
Acquisition: This is when one company purchases another company or its resources.
Actuary: An actuary is an individual who works for pension providers and insurance companies. Their job is to calculate accident rates, life expectancy and the corresponding payouts.
