Also known as executive class or upper class , is a high quality second-tier travel class available on some commercial airlines and rail lines. Its level of accommodation is higher […]
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BUSINESS CLIMATE
Environment of a given community that is relevant to the operation of a business; usually includes tax rates, attitudes of government toward business, and availability .
BUSINESS CLUSTER
A geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally.
BUSINESS COMBINATION
Consolidation or amalgamation is the act of merging many things into one. In business, it often refers to the mergers and acquisitions of many smaller companies into much larger ones.
BUSINESS COMBINATION STATUTE
These laws impose a moratorium on certain kinds of transactions (e.g., asset sales, mergers) between a large shareholder and the firm for a period usually ranging between three and five […]
BUSINESS CONTINUATION INSURANCE
Insurance designed to allow remaining partners or shareholders to purchase the portion of the company owned by a deceased partner or owner.
BUSINESS CONTINUITY
The activity performed by an organization to ensure that critical business functions will be available to customers, suppliers, regulators, and other entities that must have access to those functions.
BUSINESS CONTINUITY PLANNING (BCP)
Process of developing advance arrangements and procedures that enable an organization to respond to an event in such a manner that critical business functions continue with planned levels of interruption […]
BUSINESS CONTINUITY PROGRAM
Identifies {an} organization ‘s exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for the organization, whilst maintaining competitive advantage and […]
BUSINESS CRIME INSURANCE
Protection of goods and business assets against robbery and embezzlement .
BUSINESS CRITICAL POINT
When a critical process or function has made it so that a business or firm is no longer able to continue.
BUSINESS CULTURE
Etiquette (pronounced [,eti’ket]) is a code of behavior that delineates expectations for social behavior according to contemporary conventional norms within a society, social class , or group.
BUSINESS DAY
A business day is considered every official working day of the week. Another common term is working day . Typically, these are the days between and including Monday to Friday […]
BUSINESS DESIGN
An enterprise architecture (EA) is a rigorous description of the structure of an enterprise. EA describes the terminology, the composition of subsystems, and their relationships with the external environment , […]
BUSINESS DRIVERS
The tasks, the information and the people that promote and support the goals of the enterprise. The requirements that describe what the business wants (e.g., more quality data, faster response […]
BUSINESS ENTITY
Companies law (or the law of business associations) is the field of law concerning companies and other business organizations. It is an establishment formed to carry on commercial enterprises.
BUSINESS ENTITY CONCEPT
The concept that assumes that accounting applies to individual economic units and that each unit is separate and distinct from the persons who supply its assets.
BUSINESS ETIQUETTE
A code of behavior that delineates expectations for social behavior according to contemporary conventional norms within a society, social class , or group.
BUSINESS EXPANSION
The number of establishments that added employees during a specified time.
BUSINESS EXPENSE
These are the various legitimate expenses that are incurred during conducting a business enterprise.
BUSINESS EXPENSES
Charges for business phone calls, faxes, and telegrams; emergency clothing, equipment, or supply purchases that are job related.
BUSINESS FAILURE
A company ceasing its operations following its inability to make a profit or to bring in enough revenue to cover its expenses. The final step is always that the business […]
BUSINESS FORMAT FRANCHISING
The franchisee is licensed to use the franchisor’s products and trademark. The franchisee is also trained by the franchisor in the business model and format including selling, marketing, personnel procedures, […]
BUSINESS FRANCHISE TAX
A franchise tax is charged by a state to corporations and other business entities (LLCs in some states).
BUSINESS FUNCTION
Something an enterprise does, or needs to do, in order to achieve its objectives.