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Key terms

TermDefinition
SMALL BUSINESS size standards define the largest that a business concern, including all of its affiliates, may be and yet qualify as a small ..
VIRTUAL BUSINESS OR DOT-COM COMPANY a business organization relying on telecommunications and computer technology for its operation, including telecommuting and videoconferencing
BUSINESS PLAN a detailed plan setting out the objectives of a business, the strategy and tactics planned to achieve them, and the expected profits, usually over a period of three to ten years
EXECUTIVE SUMMARY an overview of the main points of a business plan or proposal
VISION STATEMANT A carefully crafted vision statement can help you communicate your company's goals to employees and management in a single sentence or a few concise paragraphs.
MISSION STATMENT A sentence describing a company's function, markets and competitive advantages; a short written statement of your business goals and philosophies
Created by: orian
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