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Business Communication Vocab words.

CEO Chief Executive Officer: Acronym for the person that is responsible and accountable for the whole function of a company. Sometimes called a president, director, and other terms. Usually reports directly to the companies of board directors.
Copyright The legal protections enacted by governments giving original work creators exclusive rights to their work.
Bailout Action to prevent business failure, usually financial in nature.
Commission The fee paid for result of some sort.
Contract an agreement between two or more parties to perform a service, provide a product or commit to an act and is enforceable by law.
Entrepreneur Self-Motivated individual that forms, runs, and takes all the risk of starting a business.
Equity Your own owned portion of a value of an asset (financial).
Human Resources (HR) The department most known at least as HR. They are in charge of the personnel and usually the whole process of hiring.
Patent The right given to an inventor allowing them to control the use of their invention.
Outsourcing Subcontracting work outside the company, often for things that don't need full time in-house staffing.
Merger Joining 2 companies into one.
Line Of Credit a financial instrument typically used for an organization's short-term working capital needs, such as inventory purchases, future project costs, or company payroll.
Invoice The itemized bill for services rendered or products ordered.
Trademark a symbol, word, or words legally registered or established by use as representing a company or product.
Stakeholder Anyone that has a stake in any aspect of business.
Proposal The solution offered by a seller to a buyer, with at least some detail. It can be simple and to the point as well.
Created by: TheHarleyFlash



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