Also called business simulation game) refers to simulation games that are used at an educational tool for teaching business.
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BUSINESS GIFT
The cost of qualified business gifts is deductible to a maximum of $25 per year per client or customer. The $25 limit does not apply to promotional items costing $4 […]
BUSINESS HOURS
Those hours of the day during which, in a given community, commercial, banking, professional , public, or other kinds of business are ordinarily carried on. This phrase is declared to […]
BUSINESS IMPACT ANALYSIS (BIA)
A formal analysis of the effect on the business if a specific set of IT services are not available. It will also identify the minimum set of services that an […]
BUSINESS INCOME
The sum of all income and expenses which are the result of a business operated by the trust or estate.
BUSINESS INCUBATOR
Programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the […]
BUSINESS INFORMATION REPORT
The most widely used D&B Report for credit assessment, the BIR can provide information about a company’s history, payments, finances, operations, and more.
BUSINESS INSURANCE
A specific type of insurance that covers business risks and hazards.
BUSINESS INTELLIGENCE (BI)
(BI) refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products and/or departments or associated costs and incomes.
BUSINESS INTERRUPTION
Any event, whether anticipated (i.e., public service strike) or unanticipated (i.e., blackout) which disrupts the normal course of business operations at a corporate location.
BUSINESS INTERRUPTION INSURANCE
Insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril.
BUSINESS INVENTORIES
Inventory goods and materials, or those goods and materials themselves, held available in stock by a business.
BUSINESS JUDGMENT RULE
Standard for imposing liability on directors of corporation ; they must give time and thought to decisions.
BUSINESS LIABILITY
The term used to describe the liability coverages provided by the Businessowners Liability Coverage Form. It includes liability for bodily injury , property damage , personal injury , advertising injury, […]
BUSINESS LIABILITY INSURANCE
Insurance that protects a company and/or business owner in the event of a formal lawsuit or other third-party claim.
BUSINESS LIFE AND HEALTH INSURANCE
Insurance taken out by a company to protect against loss of income caused by the death or illness of an owner or important employee.
BUSINESS LOGISTICS
The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for […]
BUSINESS MANAGEMENT
Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively.
BUSINESS MANAGEMENT SYSTEM
A set of tools for strategic planning and tactical implementation of policies, practices, guidelines, processes and procedures that are used in the development , deployment and execution of business plans […]
BUSINESS MATTER ANNOTATION
Comments on business matters that were handled and stored on a record. These are matters that also require use of the record which also follow up with the action(s) taken […]
BUSINESS MIX
The variety of guest types at a hotel that together make up the hotel’s clientele. A typical business mix might be part business travelers, leisure travelers and convention business.
BUSINESS MODEL
A design for the successful operation business, identifying revenue sources, customer base, products, and details of financing.
BUSINESS NAME
A trade name, also known as a trading name or a business name , is the name which a business trades under for commercial purposes, although its registered, legal name, […]
BUSINESS NECESSITY
A legitimate business purpose that justifies an employment practice as valid and necessary for the effective achievement of the organization ‘s objectives and the safe and efficient operation of the […]
BUSINESS NEEDS
A desire of the project customer that focuses on a business problem; its fulfillment is strategic to organization goals.