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Business dictionary for entrepreneurs | BDC.ca
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data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level-accordion"> Loans <svg> <use xmlns:xlink="http://www.w3.org/2000/xlink" xlink:href="/globalassets/digizuite/31813-sprite.svg?v=4917f7#chevron"></use> </svg> </button> </h3> <div class="mega-menu-sub-section__accordion"> <div class="mega-menu-sub-section__accordion-content"> <ul> <li> <a class="mega-menu-sub-section__page" href="/en/financing/small-business-loan" data-taxon-component="menu" data-taxon-menu-title="Glossary" data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level"> <span class="h-left-to-right">Small business loan</span> <span class="mega-menu-sub-section__page-subtitle">Get up to $100K for small projects</span> </a> </li> <li> <a class="mega-menu-sub-section__page" href="/en/financing/working-capital-loan" data-taxon-component="menu" data-taxon-menu-title="Glossary" data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level"> <span class="h-left-to-right">Working capital loan</span> <span class="mega-menu-sub-section__page-subtitle">Protect business cash flow</span> </a> </li> <li> <a class="mega-menu-sub-section__page" href="/en/financing/equipment-loan" data-taxon-component="menu" data-taxon-menu-title="Glossary" data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level"> <span class="h-left-to-right">Equipment loan</span> <span class="mega-menu-sub-section__page-subtitle">Upgrade machinery or equipment</span> </a> </li> <li> <a class="mega-menu-sub-section__page" href="/en/financing/commercial-real-estate-loan" data-taxon-component="menu" data-taxon-menu-title="Glossary" data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level"> <span class="h-left-to-right">Commercial real estate loan</span> <span class="mega-menu-sub-section__page-subtitle">Buy or renovate facilities</span> </a> </li> <li> <a class="mega-menu-sub-section__page" href="/en/financing/technology-equipment-loan" data-taxon-component="menu" 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class="mega-menu-sub-section__page-subtitle">Pave the way for a smooth acquisition</span> </a> </li> <li> <a class="mega-menu-sub-section__page" href="/en/financing/purchase-order-loan" data-taxon-component="menu" data-taxon-menu-title="Glossary" data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level"> <span class="h-left-to-right">Purchase order financing</span> <span class="mega-menu-sub-section__page-subtitle">Fulfill large orders and pay suppliers</span> </a> </li> </ul> <a class="focused-link" href="/en/financing" data-taxon-component="menu" data-taxon-menu-title="Glossary" data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level">Learn about our products</a> </div> </div> </div> <div class="mega-menu-sub-section "> <h3 class="mega-menu-sub-section__title"> <span class="mega-menu-sub-section__title-presentation"> Investments </span> <button class="mega-menu-sub-section__title-button" data-taxon-component="menu" data-taxon-menu-title="Glossary" 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<a class="focused-link" href="/en/bdc-capital" data-taxon-component="menu" data-taxon-menu-title="Glossary" data-taxon-menu-contentid="6503" data-taxon-menu-display="second-level">Learn more about investments</a> </div> </div> </div> <div class="mega-menu-sub-section mega-menu-sub-section--feature"> <h3 class="mega-menu-sub-section__title-featured">Featured</h3> <div class="mega-menu-sub-section__container-featured"> <ul class="mega-menu-sub-section__content-featured"> <li> <a class="featured-block-tile featured-block-tile--single-no-image" href="/en/financing/financing-solutions" data-taxon-component=menu data-taxon-menu-title=Glossary data-taxon-menu-contentid=6503 data-taxon-menu-display=second-level > <span class="featured-block-tile__title"><span class="h-left-to-right">Not sure which financing is right for your business?</span></span> <span class="featured-block-tile__cta cta-primary">Discover our loans</span> </a> </li> </ul> <ul class="mega-menu-sub-section__featured-pages"> 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src="data:image/png;base64,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" 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</li> <li> <a data-taxon-component=left_nav data-taxon-left_nav-title=guides data-taxon-left_nav-contentid=7332 data-taxon-left_nav-display=default href="/en/articles-tools/entrepreneur-toolkit/guides" class=> eBooks </a> </li> <li> <a data-taxon-component=left_nav data-taxon-left_nav-title=publications data-taxon-left_nav-contentid=6850 data-taxon-left_nav-display=default data-taxon-parent=true href="/en/articles-tools/entrepreneur-toolkit/publications" class=> Newsletters </a> </li> <li> <a data-taxon-component=left_nav data-taxon-left_nav-title=podcasts data-taxon-left_nav-contentid=7470 data-taxon-left_nav-display=default href="/en/articles-tools/entrepreneur-toolkit/podcasts" class=> Podcasts </a> </li> <li> <a data-taxon-component=left_nav data-taxon-left_nav-title=webinars data-taxon-left_nav-contentid=8672 data-taxon-left_nav-display=default href="/en/articles-tools/entrepreneur-toolkit/webinars" class=> Webinars </a> </li> <li> <a data-taxon-component=left_nav data-taxon-left_nav-title=entrepreneur-learning-centre data-taxon-left_nav-contentid=53186 data-taxon-left_nav-display=default href="/en/articles-tools/entrepreneur-toolkit/entrepreneur-learning-centre" class=> Free courses </a> </li> </ul> </li> <li> <a data-taxon-component=left_nav data-taxon-left_nav-title=blog data-taxon-left_nav-contentid=6234 data-taxon-left_nav-display=default data-taxon-parent=true href="/en/articles-tools/blog" class=> Blog </a> </li> </ul> </div> </nav> </div> <div class="main-content-area col-12 col-lg-9"> <h1> Glossary </h1> <div class="row "> <div class="block textblock col-12"> <div data-taxon-component="text" data-taxon-text-title="ctn-tb-intro-content" data-taxon-text-contentid="11197" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <p>With over <span class="white-space-nowrap">300 terms,</span> our business dictionary is designed to help you better understand the terms that you will come across daily while running your business or dealing with your accountant and your bank.</p> </div></div><div class="block tabscontainerblock col-12"> <h2></h2> <div data-taxon-component="tab_container" data-taxon-tab_container-title="ctn-tabContainer" data-taxon-tab_container-contentid="117547" data-taxon-tab_container-display="default" data-taxon-parent="true" class="js-tabs-wrapper "> <div class="js-swipe js-tabs-swipe tabs-container" dir="ltr"> <div class="js-swipe-prev tabs-swipe-prev x-pl-2 x-pl-lg-0 x-pr-3 hide js-auto-link"><span class="chevron-small chevron-swipe"></span></div> <div class="tabs-list"> <ul class="js-tabs-slider tabs-slider" style="transform: translate(0px, 0px);"> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-a" data-taxon-tab-contentid="117550" data-taxon-tab-display="default" class="js-tab tab js-auto-link">A</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-b" data-taxon-tab-contentid="117577" data-taxon-tab-display="default" class="js-tab tab js-auto-link">B</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-c" data-taxon-tab-contentid="117602" data-taxon-tab-display="default" class="js-tab tab js-auto-link">C</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-d" data-taxon-tab-contentid="117643" data-taxon-tab-display="default" class="js-tab tab js-auto-link">D</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-e" data-taxon-tab-contentid="117998" data-taxon-tab-display="default" class="js-tab tab js-auto-link">E</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-f" data-taxon-tab-contentid="118021" data-taxon-tab-display="default" class="js-tab tab js-auto-link">F</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-g" data-taxon-tab-contentid="118041" data-taxon-tab-display="default" class="js-tab tab js-auto-link">G</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-h" data-taxon-tab-contentid="118058" data-taxon-tab-display="default" class="js-tab tab js-auto-link">H</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-i" data-taxon-tab-contentid="118062" data-taxon-tab-display="default" class="js-tab tab js-auto-link">I</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-j" data-taxon-tab-contentid="118087" data-taxon-tab-display="default" class="js-tab tab js-auto-link">J</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-k" data-taxon-tab-contentid="118091" data-taxon-tab-display="default" class="js-tab tab js-auto-link">K</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-l" data-taxon-tab-contentid="118105" data-taxon-tab-display="default" class="js-tab tab js-auto-link">L</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-m" data-taxon-tab-contentid="118129" data-taxon-tab-display="default" class="js-tab tab js-auto-link">M</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-n" data-taxon-tab-contentid="118142" data-taxon-tab-display="default" class="js-tab tab js-auto-link">N</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-o" data-taxon-tab-contentid="118149" data-taxon-tab-display="default" class="js-tab tab js-auto-link">O</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-p" data-taxon-tab-contentid="118323" data-taxon-tab-display="default" class="js-tab tab js-auto-link">P</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-q" data-taxon-tab-contentid="118350" data-taxon-tab-display="default" class="js-tab tab js-auto-link">Q</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-r" data-taxon-tab-contentid="118353" data-taxon-tab-display="default" class="js-tab tab js-auto-link">R</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-s" data-taxon-tab-contentid="118378" data-taxon-tab-display="default" class="js-tab tab js-auto-link">S</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-t" data-taxon-tab-contentid="118461" data-taxon-tab-display="default" class="js-tab tab js-auto-link">T</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-u" data-taxon-tab-contentid="118475" data-taxon-tab-display="default" class="js-tab tab js-auto-link">U</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-v" data-taxon-tab-contentid="118479" data-taxon-tab-display="default" class="js-tab tab js-auto-link">V</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-w" data-taxon-tab-contentid="118491" data-taxon-tab-display="default" class="js-tab tab js-auto-link">W</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-x" data-taxon-tab-contentid="118507" data-taxon-tab-display="default" class="js-tab tab js-auto-link">X</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-y" data-taxon-tab-contentid="118510" data-taxon-tab-display="default" class="js-tab tab js-auto-link">Y</li> <li data-taxon-component="tab" data-taxon-tab-title="ctn-tabBlock-z" data-taxon-tab-contentid="118512" data-taxon-tab-display="default" class="js-tab tab js-auto-link">Z</li> <li class="js-tab-marker tab-marker" style="transform: translate(0px, 0px);"></li> </ul> </div> <div class="js-swipe-next tabs-swipe-next x-pl-3 x-pr-2 x-pr-lg-0 hide js-auto-link"><span class="chevron-small chevron-swipe"></span></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-accelerated-payment" data-taxon-text-contentid="141787" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accelerated-payment">Accelerated payment</a></h4> <p class="x-mb-1">Accelerated payments reduce the borrower’s interest costs (the total fee paid to the lender for the loan). This can...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accelerated-payment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-accounting-standards-for-financial-enterprises" data-taxon-text-contentid="141806" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accounting-standards-for-financial-enterprises">Accounting Standards for Private Enterprises (ASPE)</a></h4> <p class="x-mb-1">The Accounting Standards for Private Enterprises (ASPE) are accounting...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accounting-standards-for-financial-enterprises"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-accounts-payable" data-taxon-text-contentid="141808" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accounts-payable">Accounts payable</a></h4> <p class="x-mb-1">Managing accounts payable is one of the most important financial responsibilities for any business...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accounts-payable"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-accounts-receivable" data-taxon-text-contentid="141811" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accounts-receivable">Accounts receivable</a></h4> <p class="x-mb-1">Accounts receivable refer to the money a company’s customers owe for goods or services they have received...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accounts-receivable"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-accrual-cash-accounting" data-taxon-text-contentid="142388" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accrual-cash-accounting">Accrual cash accounting</a></h4> <p class="x-mb-1">Accrual- and cash-based accounting are two different methods that accountants use to prepare financial...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accrual-cash-accounting"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-accrued-expenses" data-taxon-text-contentid="142393" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accrued-expenses">Accrued expenses</a></h4> <p class="x-mb-1">Accrued expenses are those incurred for which there is no invoice or other documentation. They are classified...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accrued-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-acid-test-ratio" data-taxon-text-contentid="142394" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/acid-test-ratio"><span class="white-space-nowrap">Acid-test</span> ratio</a></h4> <p class="x-mb-1">The acid-test ratio compares a company’s “quick assets” (cash and accounts receivable) to its current liabilities...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/acid-test-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-administration-expenses" data-taxon-text-contentid="142397" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/administration-expenses">Administration expenses</a></h4> <p class="x-mb-1">Administration expenses are the costs of paying wages and salaries and providing benefits to <span class="white-space-nowrap">non-sales</span> personnel...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/administration-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-advisory-board" data-taxon-text-contentid="142398" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/advisory-board">Advisory board</a></h4> <p class="x-mb-1">An advisory board is a group of people chosen to give expert and unbiased advice to a business. Members arel...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/advisory-board"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-amortization" data-taxon-text-contentid="143115" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/amortization-expenses">Amortization</a></h4> <p class="x-mb-1">Amortization expenses account for the cost of <span class="white-space-nowrap">long-term</span> assets (like computers and vehicles) over the lifetime of their...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/amortization-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-amortization-period" data-taxon-text-contentid="143116" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/amortization-period">Amortization period</a></h4> <p class="x-mb-1">The amortization period is the length of time it takes a borrower to pay back the full amount of a loan principal plus ...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/amortization-period"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-angel-investor" data-taxon-text-contentid="143118" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/angel-investor">Angel investor</a></h4> <p class="x-mb-1">An angel investor is a wealthy person who invests his or her own money in a company—usually a <span class="white-space-nowrap">start-up...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/angel-investor"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-artificial-intelligence-ai" data-taxon-text-contentid="167657" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/artificial-intelligence-ai">Artificial intelligence (AI)</a></h4> <p class="x-mb-1">If you run a business, you’ve almost certainly wondered if you should be trying to integrate artificial intelligence...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/artificial-intelligence-ai"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-asset-backed-securities" data-taxon-text-contentid="143117" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/asset-backed-securities"><span class="white-space-nowrap">Asset-backed</span> securities</a></h4> <p class="x-mb-1">When investors invest in companies, they are issued a “security” to represent the money they have invested. The most...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/asset-backed-securities"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-asset-based-lending" data-taxon-text-contentid="143119" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/asset-based-lending"><span class="white-space-nowrap">Asset-based</span> lending</a></h4> <p class="x-mb-1"><span class="white-space-nowrap">Asset-based</span> lending occurs when a loan is granted primarily on the value of the assets the borrower offers as...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/asset-based-lending"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-assets" data-taxon-text-contentid="139934" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/assets">Assets</a></h4> <p class="x-mb-1">Assets are the economic resources a business uses to increase sales, reduce costs or otherwise generate...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/assets"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-audited-accountant-reviewed-notice-reader-financial-statements" data-taxon-text-contentid="143120" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/audited-accountant-reviewed-notice-to-reader">Audited, <span class="white-space-nowrap">accountant-reviewed</span> and <span class="white-space-nowrap">notice-to-reader</span> financial statements</a></h4> <p class="x-mb-1">Audited, accountant-reviewed and notice-to-reader are three types of financial statements—documents that show...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/audited-accountant-reviewed-notice-to-reader"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-average-collection-period" data-taxon-text-contentid="143121" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/average-collection-period">Average collection period (receivables turnover)</a></h4> <p class="x-mb-1">The average collection period is the average number of days it takes a business to collect and convert its accounts...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/average-collection-period"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-balance-sheet" data-taxon-text-contentid="143122" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/balance-sheet">Balance sheet</a></h4> <p class="x-mb-1">A balance sheet is one of the fundamental documents that make up a company’s financial statements, along with...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/balance-sheet"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-balloon-payment-loan" data-taxon-text-contentid="143123" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/balloon-payment-loan">Balloon payment loan</a></h4> <p class="x-mb-1">With a balloon payment loan, the final payment includes a large portion of the principal (the original amount...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/balloon-payment-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-bank-debt" data-taxon-text-contentid="143124" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bank-debt">Bank debt</a></h4> <p class="x-mb-1">Bank debt is a <span class="white-space-nowrap">long-term</span> liability a business takes on by borrowing money from its bank. It appears under liabilities...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bank-debt"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-bankruptcy" data-taxon-text-contentid="143126" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bankruptcy">Bankruptcy</a></h4> <p class="x-mb-1">Bankruptcy is a process governed by the Bankruptcy and Insolvency Act (BIA). It is initiated when a company that is unable...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bankruptcy"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-barriers-trade" data-taxon-text-contentid="143128" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/barriers-to-trade">Barriers to trade</a></h4> <p class="x-mb-1">A barrier to trade is anything that makes it harder to trade goods and services across borders...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/barriers-to-trade"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-bill--lading" data-taxon-text-contentid="143129" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bill-of-lading">Bill of lading</a></h4> <p class="x-mb-1">A bill of lading (BoL) is a legal document that describes what’s being shipped between a shipper and a logistics...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bill-of-lading"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-blended-payment" data-taxon-text-contentid="143130" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/blended-payment">Blended payment</a></h4> <p class="x-mb-1">Blended payments are a way of repaying a loan that sets equal monthly payments of principal and interest (blended)...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/blended-payment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-board-directors" data-taxon-text-contentid="143131" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/board-of-directors">Board of directors</a></h4> <p class="x-mb-1">A board of directors is a group of people who represent the interests of a company’s shareholders. It also...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/board-of-directors"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-bonded-warehouse" data-taxon-text-contentid="143132" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bonded-warehouse">Bonded warehouse</a></h4> <p class="x-mb-1">A bonded warehouse is a warehouse operated by a private company in a foreign country under the regulatory...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bonded-warehouse"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-borrower" data-taxon-text-contentid="143133" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/borrower">Borrower</a></h4> <p class="x-mb-1">A borrower is a person or business that receives money from a lender with the agreement to pay it back within a specified...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/borrower"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-break-even-point" data-taxon-text-contentid="143134" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/break-even-point"><span class="white-space-nowrap">Break-even</span> point</a></h4> <p class="x-mb-1">The <span class="white-space-nowrap">break-even</span> point is when total costs are equal to total revenue. Below that point, you’re operating at a loss...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/break-even-point"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-bridge-capital" data-taxon-text-contentid="143135" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bridge-capital">Bridge capital</a></h4> <p class="x-mb-1">Bridge capital is temporary funding that helps a business cover its costs until it can get permanent capital from equity...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bridge-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-building-automation-system" data-taxon-text-contentid="190853" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/building-automation-system">Building automation system</a></h4> <p class="x-mb-1">A building automation system controls various elements of a building—such as heating, air conditioning, ventilation, ...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/building-automation-system"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-building-envelope" data-taxon-text-contentid="199230" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/building-envelope">Building envelope</a></h4> <p class="x-mb-1">Building envelope is the technical term for the physical barrier between a building’s interior and exterior <span>environments</span>...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/building-envelope"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-business-accelerator" data-taxon-text-contentid="143136" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-accelerator">Business accelerator</a></h4> <p class="x-mb-1">A business accelerator is a program that gives developing companies access to mentorship, investors and other...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-accelerator"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-business-bank-account" data-taxon-text-contentid="143137" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-bank-account">Business bank account</a></h4> <p class="x-mb-1">Operating a business entails managing a number of different types of transactions on a regular basis, including...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-bank-account"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-business-incubator" data-taxon-text-contentid="143138" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-incubators">Business incubator</a></h4> <p class="x-mb-1">Business incubators work with early-stage companies to get them to move beyond their embryonic phase...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-incubators"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-business-plan" data-taxon-text-contentid="143139" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-plan">Business plan</a></h4> <p class="x-mb-1">Good business plans are based on real knowledge of the solutions customers want and how they’ll use them. They...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-plan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-business-to-business" data-taxon-text-contentid="194189" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-to-business">Business-to-business</a></h4> <p class="x-mb-1">A business-to-business trade involves at least two companies coming together as business collaborators. The term...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/business-to-business"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-canada-europe-trade-agreement" data-taxon-text-contentid="143140" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/canada-europe-trade-agreement-ceta"><span class="white-space-nowrap">Canada-Europe</span> Trade Agreement (CETA)</a></h4> <p class="x-mb-1">The <span class="white-space-nowrap">Canada-Europe</span> Trade Agreement (CETA) is Canada’s most comprehensive free trade agreement. It was...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/canada-europe-trade-agreement-ceta"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-capital-cost-allowance" data-taxon-text-contentid="143141" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/capital-cost-allowance">Capital cost allowance (CCA)</a></h4> <p class="x-mb-1">Capital cost allowance (CCA) is the amount of amortization expense that the government will allow a company...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/capital-cost-allowance"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-capital-structure" data-taxon-text-contentid="143142" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/capital-structure">Capital structure</a></h4> <p class="x-mb-1">Capital structure is the mix of debt and equity on a company’s balance sheet. It shows how much of a company...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/capital-structure"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cash" data-taxon-text-contentid="143143" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cash">Cash</a></h4> <p class="x-mb-1">Cash is the amount of actual money a business has at its disposal. It is classified on the balance sheet as a current...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cash"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cash-flow" data-taxon-text-contentid="143144" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cash-flow">Cash flow</a></h4> <p class="x-mb-1">Cash flow measures how much cash a company takes in versus how much it expends. More cash coming in than...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cash-flow"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cash-flow-statement" data-taxon-text-contentid="154172" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/statement-of-changes-in-financial-position">Cash flow statement</a></h4> <p class="x-mb-1"><span>The cash flow statement records where a company’s money is coming from and where it’s going over a specific...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/statement-of-changes-in-financial-position"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cash-position" data-taxon-text-contentid="159401" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cash-position">Cash position</a></h4> <p class="x-mb-1">A cash position is the amount of cash that a company has on its books at a specific point in time...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cash-position"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-change-management" data-taxon-text-contentid="144238" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/change-management">Change management</a></h4> <p class="x-mb-1">Change management is a way to move an organization to a new state of operating to better meet demands...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/change-management"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-climate-finance" data-taxon-text-contentid="199423" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/climate-finance">Climate finance</a></h4> <p class="x-mb-1">Climate finance refers to financing drawn from public, private and alternative sources that supports climate change...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/climate-finance"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-climate-resilience" data-taxon-text-contentid="200721" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/climate-resilience">Climate resilience</a></h4> <p class="x-mb-1">Climate resilience involves preparing for and adapting to the changing climate to ensure long-term business...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/climate-resilience"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-collateral" data-taxon-text-contentid="143145" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/collateral">Collateral</a></h4> <p class="x-mb-1">Collateral is an asset of value that a borrower pledges as a guarantee that a loan will be repaid.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/collateral"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-commercial-letter-credit" data-taxon-text-contentid="143146" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/commercial-letter-of-credit">Commercial letter of credit</a></h4> <p class="x-mb-1"> A commercial letter of credit (CLC) is a bank-issued document that ensures a supplier to a company gets paid...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/commercial-letter-of-credit"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-commercial-mortgage" data-taxon-text-contentid="143147" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/commercial-mortgage">Commercial mortgage</a></h4> <p class="x-mb-1">Owning your place of business can give you more freedom to shape and control your operations and let you build...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/commercial-mortgage"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-commodities" data-taxon-text-contentid="143148" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/commodities">Commodities</a></h4> <p class="x-mb-1">A commodity is any good or service that is interchangeable with another good or service of the same type...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/commodities"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-common-shares" data-taxon-text-contentid="143149" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/common-shares">Common shares</a></h4> <p class="x-mb-1">Common shares are issued to business owners and other investors as proof of the money they have paid...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/common-shares"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-competitive-advantage" data-taxon-text-contentid="143560" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/competitive-advantage">Competitive advantage</a></h4> <p class="x-mb-1">A competitive advantage is anything that gives a company an edge over its competitors, helping it attract more...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/competitive-advantage"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-competitive-forces" data-taxon-text-contentid="143561" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/competitive-forces">Competitive forces</a></h4> <p class="x-mb-1">Competitive forces are the factors and variables that threaten a company’s profitability and prevent its growth. They...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/competitive-forces"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-content-marketing" data-taxon-text-contentid="143562" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/content-marketing">Content Marketing</a></h4> <p class="x-mb-1">Content marketing is an online marketing strategy that helps companies attract and engage customers by publishing...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/content-marketing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-content-syndication" data-taxon-text-contentid="143563" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/content-syndication">Content syndication</a></h4> <p class="x-mb-1">With content syndication, companies post or promote their own blogs, articles, videos and other online content...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/content-syndication"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-contract-employment" data-taxon-text-contentid="143564" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/contract-employment">Contract employment</a></h4> <p class="x-mb-1">Contract employment involves hiring a person for a specific job under particular terms for a fixed period of...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/contract-employment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-contributed-surplus" data-taxon-text-contentid="143565" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/contributed-surplus">Contributed surplus</a></h4> <p class="x-mb-1">Contributed surplus is the accounting term used whenever shares are sold at a price above their stated par value...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/contributed-surplus"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-controlling-interest" data-taxon-text-contentid="143566" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/controlling-interest">Controlling interest</a></h4> <p class="x-mb-1">A shareholder has controlling interest in a business when he or she owns more than 50% of the company’s voting...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/controlling-interest"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-conversion-rate" data-taxon-text-contentid="143567" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/conversion-rate">Conversion rate</a></h4> <p class="x-mb-1">Conversion rate is the percentage of visitors to a company’s website who take a desired action. For example, the...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/conversion-rate"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-convertible-debt" data-taxon-text-contentid="143568" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accelerated-payment">Convertible debt</a></h4> <p class="x-mb-1">Convertible debt (also called convertible notes) is a form of financing that is often used by <span class="white-space-nowrap">high-growth</span> <span class="white-space-nowrap">early-stage...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/accelerated-payment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-co-operative" data-taxon-text-contentid="197339" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><span class="white-space-nowrap"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cooperative">Co-operative</a></span></h4> <p class="x-mb-1">A cooperative is a legally incorporated company. It is created by individuals or companies that come together...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cooperative"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-copyright" data-taxon-text-contentid="143569" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/copyright">Copyright</a></h4> <p class="x-mb-1">In general, copyright means the sole right to produce or reproduce a work or a substantial part of it in any form. It...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/copyright"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-corporate-governance" data-taxon-text-contentid="143570" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/corporate-governance">Corporate governance</a></h4> <p class="x-mb-1">Corporate governance is the practice of ensuring a corporation conducts itself accountably, fairly and openly in all...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/corporate-governance"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-corporate-social-responsibility" data-taxon-text-contentid="143571" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/corporate-social-responsibility">Corporate social responsibility</a></h4> <p class="x-mb-1">In the business world, CSR is often associated with sustainability, and environmental, social and governance (ESG). All three...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/corporate-social-responsibility"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-corporation" data-taxon-text-contentid="143572" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/corporation">Corporation</a></h4> <p class="x-mb-1">A corporation is a legally established entity that can enter into contracts, own assets and incur debt, as well as...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/corporation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cost-advantage" data-taxon-text-contentid="143573" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-advantage">Cost advantage</a></h4> <p class="x-mb-1">A company has a cost advantage when it can produce a product or provide a service at a lower cost than its...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-advantage"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cost-capital" data-taxon-text-contentid="143574" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-of-capital">Cost of capital</a></h4> <p class="x-mb-1">A company’s cost of capital is the cost of all its debt (borrowed money) plus the cost of all its equity (common...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-of-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cost-of-goods-sold" data-taxon-text-contentid="142300" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-of-goods-sold">Cost of goods sold (COGS)</a></h4> <p class="x-mb-1">Cost of goods sold (COGS) is the direct cost of making a company’s products. It is an important line on your...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-of-goods-sold"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cost-sales" data-taxon-text-contentid="143575" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-of-sales">Cost of sales</a></h4> <p class="x-mb-1">Cost of sales (COS) indicates how much a retail or wholesale business spends on the products it purchases from...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cost-of-sales"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-covenants" data-taxon-text-contentid="143576" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/covenants">Covenants</a></h4> <p class="x-mb-1">When giving out a business loan, a lender will often ask a borrower to respect certain conditions that go beyond...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/covenants"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-cover-letter" data-taxon-text-contentid="143577" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cover-letter">Cover letter</a></h4> <p class="x-mb-1">The cover letter introduces a company’s financial statements and is written by the business’s accountants. It...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/cover-letter"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-credit-card-debt" data-taxon-text-contentid="143578" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/credit-card-debt">Credit card debt</a></h4> <p class="x-mb-1">Credit card debt is money a company owes for purchases made by credit card. It appears under liabilities on the...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/credit-card-debt"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-credit-insurance" data-taxon-text-contentid="143579" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/credit-insurance">Credit insurance</a></h4> <p class="x-mb-1">Credit insurance guarantees a lender will be repaid if a borrower is unable to pay his or her debt due to, for example...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/credit-insurance"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-crowdfunding" data-taxon-text-contentid="143580" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/crowdfunding">Crowdfunding</a></h4> <p class="x-mb-1">Crowdfunding usually entails a private company asking large numbers of people for small contributions. This differs...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/crowdfunding"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-currency-hedging" data-taxon-text-contentid="143581" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/currency-hedging">Currency hedging</a></h4> <p class="x-mb-1">Currency hedging helps businesses protect themselves against changing currency exchange rates (the rates that...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/currency-hedging"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-current-assets" data-taxon-text-contentid="143582" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-assets">Current assets</a></h4> <p class="x-mb-1">Current assets (also called short-term assets) are assets a business uses, replaces and/or converts to cash within..</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-assets"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-current-liabilities" data-taxon-text-contentid="143583" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-liabilities">Current liabilities</a></h4> <p class="x-mb-1">Current liabilities (also called short-term liabilities) are debts a company must pay within a normal operating cycle...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-liabilities"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-current-portion-long-term-debt" data-taxon-text-contentid="143584" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-portion-of-long-term-debt">Current portion of <span class="white-space-nowrap">long-term</span> debt</a></h4> <p class="x-mb-1">The current portion of <span class="white-space-nowrap">long-term</span> debt (CPLTD) is the amount of unpaid principal from long-term debt that has accrued...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-portion-of-long-term-debt"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-current-ratio" data-taxon-text-contentid="143585" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-ratio">Current ratio</a></h4> <p class="x-mb-1">Current ratio compares a company’s current assets to its current liabilities. It is one of six main calculations...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/current-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-customer-retention-rate" data-taxon-text-contentid="200168" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/customer-retention-rate">Customer retention rate</a></h4> <p class="x-mb-1">Customer retention rate measures a company’s existing customers to find the percentage that appear to be more engaged...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/customer-retention-rate"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-customs" data-taxon-text-contentid="143586" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/customs">Customs</a></h4> <p class="x-mb-1">Customs authorities (agencies) control the flow of goods in and out of their respective countries. These goods can...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/customs"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-customs-union" data-taxon-text-contentid="143587" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/customs-union">Customs Union</a></h4> <p class="x-mb-1">A customs union is an agreement between two or more countries to remove trade barriers and lower or eliminate...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/customs-union"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-debenture" data-taxon-text-contentid="143588" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debenture">Debenture</a></h4> <p class="x-mb-1">A debenture is a type of long-term business debt not secured by any collateral. It is a funding option for companies...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debenture"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-debt-service-coverage-ratio" data-taxon-text-contentid="143589" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debt-service-coverage-ratio">Debt service coverage ratio</a></h4> <p class="x-mb-1">The debt service coverage ratio (DSCR) is a key measure of a company’s ability to repay its loans, take on new...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debt-service-coverage-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-debt-to-equity-ratio" data-taxon-text-contentid="143590" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debt-to-equity-ratio"><span class="white-space-nowrap">Debt-to-equity</span> ratio</a></h4> <p class="x-mb-1">The <span class="white-space-nowrap">debt-to-equity</span> ratio shows how much of a company is owned by creditors (people it has borrowed money...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debt-to-equity-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-debt-to-total-assets-ratio" data-taxon-text-contentid="143591" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debt-to-total-assets-ratio"><span class="white-space-nowrap">Debt-to-total</span> assets ratio</a></h4> <p class="x-mb-1">The <span class="white-space-nowrap">debt-to-total-assets</span> ratio shows how much of a business is owned by creditors (people it has borrowed money...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/debt-to-total-assets-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-default" data-taxon-text-contentid="143592" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/what-is-a-default">Default</a></h4> <p class="x-mb-1">The first two are indicators of default. If the third is true, the lender may take steps to reduce losses by...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/what-is-a-default"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-demand-loan" data-taxon-text-contentid="143593" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/demand-loan">Demand loan</a></h4> <p class="x-mb-1">A demand loan is a loan that a lender can require to be repaid in full at any time. This condition is understood by...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/demand-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-depreciation" data-taxon-text-contentid="143594" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/depreciation">Depreciation</a></h4> <p class="x-mb-1">angible assets, such as buildings, equipment, vehicles and so on, are purchased in large lump sums. The value...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/depreciation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-developed-country" data-taxon-text-contentid="143595" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/developed-country">Developed country</a></h4> <p class="x-mb-1">A developed country—also called an industrialized country—has a mature and sophisticated economy, usually...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/developed-country"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-developing-country" data-taxon-text-contentid="154237" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/developing-country">Developing country</a></h4> <p class="x-mb-1"><span>A developing country—also called a less developed country or emerging market—has a lower...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/developing-country"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-differentiation" data-taxon-text-contentid="143596" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/differentiation">Differentiation</a></h4> <p class="x-mb-1">In marketing, differentiation is the process of making a product, service or brand stand out from competitors...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/differentiation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-digital-marketing" data-taxon-text-contentid="153917" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/digital-marketing">Digital marketing</a></h4> <p class="x-mb-1">Digital marketing is marketing that uses the Internet to reach customers and learn about them...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/digital-marketing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-direct-costs" data-taxon-text-contentid="143597" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/direct-costs">Direct costs</a></h4> <p class="x-mb-1">Direct costs are the expenses a business incurs to make a product or deliver a service, or when it buys a wholesale...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/direct-costs"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-direct-marketing" data-taxon-text-contentid="143598" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/direct-marketing">Direct marketing</a></h4> <p class="x-mb-1">Direct marketing is any marketing activity that communicates directly with a potential customer through mail, emails...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/direct-marketing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-diversification" data-taxon-text-contentid="153922" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/diversification">Diversification</a></h4> <p class="x-mb-1">Diversification is a strategy companies and investors use to ensure they are not dependent on a single source of income...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/diversification"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-diversity-equity-and-inclusion-dei" data-taxon-text-contentid="157949" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/diversity-equity-and-inclusion-dei">Diversity, equity and inclusion (DEI)</a></h4> <p class="x-mb-1">Diversity, equity and inclusion are three linked principles that aim to ensure all people—including those from historically...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/diversity-equity-and-inclusion-dei"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-dividend-payout-ratio" data-taxon-text-contentid="153923" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/dividend-payout-ratio">Dividend payout ratio</a></h4> <p class="x-mb-1"><span>The dividend payout ratio shows how much of a company’s </span>earnings after tax (EAT)<span> are paid to shareholders...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/dividend-payout-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-dividends" data-taxon-text-contentid="153924" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/dividends">Dividends</a></h4> <p class="x-mb-1"><span>Companies pay dividends to shareholders in return for using their capital. Dividends are paid out of the company’s...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/dividends"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-duty" data-taxon-text-contentid="153925" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/duty">Duty</a></h4> <p class="x-mb-1"><span>A duty is an import fee (tariff) charged on goods entering a country, as specified in the country's tariff schedule...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/duty"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-early-stage-investing" data-taxon-text-contentid="153926" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/early-stage-investing">Early-stage investing</a></h4> <p class="x-mb-1"><span>Early-stage investing funds the first three stages of a company’s development. It is divided into three distinct funding...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/early-stage-investing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-earnings-after-tax" data-taxon-text-contentid="153927" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-after-tax">Earnings after tax (EAT)</a></h4> <p class="x-mb-1"><span>Earnings after tax (EAT) is the measure of a company’s net profitability. It is calculated by subtracting all expenses...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-after-tax"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-earnings-before-interest-and-taxes" data-taxon-text-contentid="153928" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-before-interest-and-taxes">Earnings before interest and taxes (EBIT)</a></h4> <p class="x-mb-1"><span>Earnings before interest and taxes (EBIT) indicate how effectively a company generates earnings over </span><span>a specific...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-before-interest-and-taxes"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-earnings-before-tax" data-taxon-text-contentid="153929" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-before-tax">Earnings before tax (EBT)</a></h4> <p class="x-mb-1"><span>Earnings before tax (EBT) measures a company’s profitability before income taxes are factored. It is the amount...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-before-tax"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-earnings-per-common-share" data-taxon-text-contentid="153930" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-per-common-share">Earnings per common share</a></h4> <p class="x-mb-1"><span>Earnings per common share (EPS) is a measure of profitability that shows how much of a company’s profit...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/earnings-per-common-share"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-ebitda" data-taxon-text-contentid="153931" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/ebitda">EBITDA</a></h4> <p class="x-mb-1"><span>EBITDA is short for earnings before interest, taxes, depreciation and amortization. It is one of the most widely used...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/ebitda"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-ecommerce" data-taxon-text-contentid="153932" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/e-commerce">E-commerce</a></h4> <p class="x-mb-1"><span>E-commerce (electronic commerce) is the process of buying, selling or exchanging products and services...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/e-commerce"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-economic-environment" data-taxon-text-contentid="153933" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/economic-environment">Economic environment</a></h4> <p class="x-mb-1"><span>The term economic environment refers to all the external economic factors that influence buying habits of consumers...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/economic-environment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-economic-union" data-taxon-text-contentid="153934" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/economic-union">Economic union</a></h4> <p class="x-mb-1"><span>An economic union is an agreement between two or more nations to allow goods, services, money and workers to...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/economic-union"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-economies-of-scale" data-taxon-text-contentid="198609" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/economies-of-scale">Economies of scale</a></h4> <p class="x-mb-1">An economy of scale refers to a decrease in the unit cost of production as production increases.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/economies-of-scale"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-efficiency-effectiveness-flexibility" data-taxon-text-contentid="153935" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/efficiency-effectiveness-and-flexibility">Efficiency, effectiveness and flexibility</a></h4> <p class="x-mb-1"><span>The terms “efficiency,” “effectiveness” and “flexibility” are used to describe the way a company operates in its...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/efficiency-effectiveness-and-flexibility"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-emerging-markets" data-taxon-text-contentid="153936" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/emerging-markets">Emerging markets</a></h4> <p class="x-mb-1"><span>An emerging market (sometimes also called a developing economy) is a country with a fast-growing economy. It has...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/emerging-markets"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-employee-buyout" data-taxon-text-contentid="153937" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/employee-buyout">Employee buyout</a></h4> <p class="x-mb-1"><span>An employee buyout occurs when employees purchase the company they work for. To do so, they usually take on a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/employee-buyout"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-employee-coaching" data-taxon-text-contentid="153938" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/employee-coaching">Employee coaching</a></h4> <p class="x-mb-1"><span>Discover the art of employee coaching and how it can help your company’s retention and morale...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/employee-coaching"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-employee-value-proposition" data-taxon-text-contentid="196716" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/employee-value-proposition">Employee value proposition</a></h4> <p class="x-mb-1">Employee value proposition represents employees’ perception of the value they get from the work experience, workplace...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/employee-value-proposition"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-energy-efficiency-ratio" data-taxon-text-contentid="199233" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/energy-efficiency-ratio">Energy efficiency ratio</a></h4> <p class="x-mb-1">The energy efficiency ratio measures the efficiency of a building’s cooling equipment by comparing its cooling...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/energy-efficiency-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-energy-transition" data-taxon-text-contentid="200265" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/energy-transition">Energy transition</a></h4> <p class="x-mb-1">The energy transition is the shift from sources of energy (notably fossil fuels, like oil, gas and coal) that emit greenhouse...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/energy-transition"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-entrepreneur" data-taxon-text-contentid="154236" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneurial-skills/be-effective-leader/what-is-an-entrepreneur">Entrepreneur</a></h4> <p class="x-mb-1"><span>An entrepreneur is someone who starts or owns a business. Whether it’s in farming, retail, manufacturing...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneurial-skills/be-effective-leader/what-is-an-entrepreneur"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-enterprise-resource-planning" data-taxon-text-contentid="153939" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/enterprise-resource-planning">Enterprise resource planning software</a></h4> <p class="x-mb-1"><span>Companies use enterprise resource planning (ERP) software to manage the various aspects of their operations...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/enterprise-resource-planning"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-enterprise-value" data-taxon-text-contentid="188580" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/enterprise-value">Enterprise value</a></h4> <p class="x-mb-1">Enterprise value is a theoretical valuation metric that represents a firm's total value, including both its interest-bearing...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/enterprise-value"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-equipment" data-taxon-text-contentid="153940" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equipment">Equipment</a></h4> <p class="x-mb-1"><span>Equipment is a tangible long-term asset that benefits a business over several years of use. Computers, trucks and...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equipment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-equity" data-taxon-text-contentid="173247" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equity">Equity</a></h4> <p class="x-mb-1">Discover what equity means, where to find it on a balance sheet and how to...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equity"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-equity-dilution" data-taxon-text-contentid="153941" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equity-dilution">Equity dilution</a></h4> <p class="x-mb-1"><span>Equity dilution occurs when a company issues new shares to investors and when holders of stock options exercise...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equity-dilution"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-equity-financing" data-taxon-text-contentid="153942" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equity-financing">Equity financing</a></h4> <p class="x-mb-1"><span>When companies sell shares to investors to raise capital, it is called equity financing. The benefit of equity financing...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/equity-financing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-exchange-rate" data-taxon-text-contentid="153943" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/exchange-rate">Exchange rate</a></h4> <p class="x-mb-1"><span>An exchange rate indicates how much it costs to buy units of one currency using a different currency. It also shows...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/exchange-rate"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-exit" data-taxon-text-contentid="153944" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/exit">Exit</a></h4> <p class="x-mb-1"><span>An exit occurs when an investor sells part or all of his or her ownership. In a healthy or growing company, an investor...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/exit"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-export-plan" data-taxon-text-contentid="153945" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/export-plan">Export plan</a></h4> <p class="x-mb-1"><span>An export plan outlines how a company will establish or grow its business internationally, and usually identifies...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/export-plan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-exports-exporting" data-taxon-text-contentid="153946" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/exports-exporting">Exports / Exporting</a></h4> <p class="x-mb-1"><span>Selling goods and services to buyers in another country is called exporting. To ensure they follow all appropriate laws...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/exports-exporting"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-factoring" data-taxon-text-contentid="207904" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/factoring">Factoring</a></h4> <p class="x-mb-1">Factoring lets businesses boost cash flow, invest in growth and avoid collection hassles. Here's how it works.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/factoring"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-financial-statements" data-taxon-text-contentid="153947" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/financial-statements">Financial statements</a></h4> <p class="x-mb-1"><span>Financial statements are a key tool for running your business. They’re a snapshot of your company’s finances...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/financial-statements"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-fiscal-year-end" data-taxon-text-contentid="153948" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/fiscal-year-end">Fiscal year end</a></h4> <p class="x-mb-1"><span>The fiscal year end is the date on which a company finishes a 12-month business cycle. Most companies’ fiscal years...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/fiscal-year-end"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-fixed-costs" data-taxon-text-contentid="146256" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/fixed-costs">Fixed costs</a></h4> <p class="x-mb-1">A fixed cost is an expense that does not change when sales or production volumes increase...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/fixed-costs"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-fixed-rate-term-loan" data-taxon-text-contentid="153950" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/fixed-rate-term-loan">Fixed-rate (term) loan</a></h4> <p class="x-mb-1"><span>In a </span><span class="white-space-nowrap">fixed-rate</span><span> loan (also called a term loan), the interest rate stays the same for the loan’s entire term. For example...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/fixed-rate-term-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-floating-rate-loan" data-taxon-text-contentid="153951" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/floating-rate-loan">Floating-rate loan</a></h4> <p class="x-mb-1"><span>In a </span><span class="white-space-nowrap">floating-rate</span><span> loan (also called a </span><span class="white-space-nowrap">variable-rate</span><span> loan), the interest rate varies over the term of the loan...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/floating-rate-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-foreign-market" data-taxon-text-contentid="153952" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/foreign-market">Foreign market</a></h4> <p class="x-mb-1"><span>Foreign markets are any markets outside of a company’s own country...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/foreign-market"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-foreign-sales-agent" data-taxon-text-contentid="153953" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/foreign-sales-agent">Foreign sales agent</a></h4> <p class="x-mb-1"><span>A foreign sales agent represents a business in a market outside of its home country (i.e., a foreign market)...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/foreign-sales-agent"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-franchise" data-taxon-text-contentid="153954" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/franchise">Franchise</a></h4> <p class="x-mb-1"><span>With a franchise, a company licences its processes, intellectual property (e.g., trademarks), trade secrets...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/franchise"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-free-cash-flow" data-taxon-text-contentid="152371" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-cash-flow">Free cash flow</a></h4> <p class="x-mb-1">Free cash flow is a way to measure the amount of cash a business generates in a specific period.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-cash-flow"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-free-on-board" data-taxon-text-contentid="153958" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-on-board">Free on board (FOB)</a></h4> <p class="x-mb-1"><span>Free on board (FOB), also referred to as freight on board, is a commercial shipping term used in overseas...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-on-board"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-free-trade-agreement-fta" data-taxon-text-contentid="153956" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-trade-agreement-fta">Free Trade Agreement (FTA)</a></h4> <p class="x-mb-1"><span>A free trade agreement (FTA) is a treaty between two or more countries to facilitate trade and eliminate...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-trade-agreement-fta"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-free-trade-zone" data-taxon-text-contentid="153957" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-trade-zone">Free trade zone</a></h4> <p class="x-mb-1"><span>A free trade zone is any location where goods can be shipped, handled, manufactured, reconfigured...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/free-trade-zone"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-freight-bill" data-taxon-text-contentid="153959" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/freight-bill">Freight bill</a></h4> <p class="x-mb-1"><span>A freight bill, like any other invoice, informs you of what your business owes the logistics company for...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/freight-bill"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-general-expenses" data-taxon-text-contentid="153960" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/general-expenses">General expenses</a></h4> <p class="x-mb-1"><span>General expenses are the costs a business incurs as part of its daily operations. They can be found in the selling...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/general-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-general-partnership" data-taxon-text-contentid="153961" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/general-partnership">General partnership</a></h4> <p class="x-mb-1"><span>In Canada, two or more people can start a business as a general partnership. It is one of the three most common...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/general-partnership"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-global-business" data-taxon-text-contentid="154233" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-business">Global business</a></h4> <p class="x-mb-1"><span>A global business is a company that operates facilities (such as factories and distribution centres) in many countries...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-business"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-global-strategy" data-taxon-text-contentid="153962" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-strategy">Global strategy</a></h4> <p class="x-mb-1"><span>A global strategy is a plan to help a company grow from an international business (which sells products or...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-strategy"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-global-supply-chain" data-taxon-text-contentid="153964" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-supply-chain">Global supply chain</a></h4> <p class="x-mb-1"><span>A global supply chain covers all the steps involved in manufacturing and delivering a product or service when...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-supply-chain"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-global-value-chain" data-taxon-text-contentid="153963" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-value-chain">Global value chain</a></h4> <p class="x-mb-1"><span>Global value chain refers to five interrelated activities, taking place in more than one country, that...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/global-value-chain"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-globalization" data-taxon-text-contentid="153965" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/globalization">Globalization</a></h4> <p class="x-mb-1"><span>Globalization is a process of increasing social and economic integration among countries around the world...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/globalization"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-goods-services-tax-gst-harmonized-sales-tax-hst" data-taxon-text-contentid="153966" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/goods-services-tax-gst-harmonized-sales-tax-hst">Goods and Services<span> </span><span class="white-space-nowrap">Tax (GST)</span><span> </span>/ Harmonized Sales<span> </span><span class="white-space-nowrap">Tax (HST)</span></a></h4> <p class="x-mb-1"><span>The GST/HST is a sales tax on supplies of most goods and services in Canada, as well as many supplies...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/goods-services-tax-gst-harmonized-sales-tax-hst"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-good-will" data-taxon-text-contentid="153967" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/good-will">Goodwill</a></h4> <p class="x-mb-1"><span>Goodwill refers to the value a company gets from its brand, customer base and reputation associated...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/good-will"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-gross-domestic-product" data-taxon-text-contentid="153970" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/gross-domestic-product">Gross domestic product</a></h4> <p class="x-mb-1">The gross domestic product is the standard measure of economic output. It represents the monetary value of all final goods and services made...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/gross-domestic-product"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-gross-margin" data-taxon-text-contentid="143927" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/gross-margin">Gross margin</a></h4> <p class="x-mb-1">Gross margin is one of the most important indicators of a company’s financial performance. It’s the portion of business...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/gross-margin"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-gross-profit-margin-ratio" data-taxon-text-contentid="153971" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/gross-profit-margin-ratio">Gross profit margin</a></h4> <p class="x-mb-1"><span>The gross profit margin tells you what your business made after paying for the direct cost of doing business...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/gross-profit-margin-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-guerrilla-marketing" data-taxon-text-contentid="153972" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/guerrilla-marketing">Guerrilla marketing</a></h4> <p class="x-mb-1"><span>Guerrilla marketing refers to unconventional approaches to promote products or services. Its purpose...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/guerrilla-marketing"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-haccp-certification" data-taxon-text-contentid="155899" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/haccp-certification">HACCP certification</a></h4> <p class="x-mb-1">Designed for use in all segments of the food industry, it ensures that hazards and critical points in food preparation...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/haccp-certification"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-hedging" data-taxon-text-contentid="153973" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/hedging">Hedging</a></h4> <p class="x-mb-1"><span>Companies use hedging to minimize the impact of potentially negative financial events on their business...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/hedging"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-hs-code" data-taxon-text-contentid="153974" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/hs-code">HS Code</a></h4> <p class="x-mb-1"><span>HS codes are developed by the </span>World Customs Organization (WCO)<span>. HS stands for Harmonized System...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/hs-code"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-import" data-taxon-text-contentid="153975" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/import">Import</a></h4> <p class="x-mb-1"><span>An import is a good, product or service brought into a country from another country...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/import"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-inbound-marketing" data-taxon-text-contentid="153976" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inbound-marketing">Inbound marketing</a></h4> <p class="x-mb-1"><span>Inbound marketing is an increasingly popular approach to gathering and converting leads to sales. It centres...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inbound-marketing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-income-statement" data-taxon-text-contentid="153977" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/income-statement">Income statement</a></h4> <p class="x-mb-1"><span>An income statement shows what your company earns, what it spends and whether it makes a profit over a specific period...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/income-statement"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-income-taxes" data-taxon-text-contentid="153978" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/income-taxes">Income tax</a></h4> <p class="x-mb-1"><span>Governments collect income tax on the profit earned by businesses in their territory—whether those businesses...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/income-taxes"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-indirect-costs" data-taxon-text-contentid="143901" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/indirect-costs">Indirect costs</a></h4> <p class="x-mb-1">Indirect costs are the costs of going to market with a product or service that cannot be directly traced to the...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/indirect-costs"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-industrial-design" data-taxon-text-contentid="153983" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/industrial-design">Industrial design</a></h4> <p class="x-mb-1"><span>Industrial designs are about how things look. Industrial design registrations protect a new or original...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/industrial-design"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-information-technology" data-taxon-text-contentid="153986" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/information-technology">Information technology</a></h4> <p class="x-mb-1"><span>Information technology (IT) refers to a company’s networks, hardware, software and data storage and...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/information-technology"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-inflation" data-taxon-text-contentid="153984" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inflation">Inflation</a></h4> <p class="x-mb-1"><span>Inflation can have a significant impact on the profitability of your business. It's a very good idea to learn how...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inflation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-initial-public-offering" data-taxon-text-contentid="153988" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/initial-public-offering">Initial public offering (IPO)</a></h4> <p class="x-mb-1"><span>An initial public offering (IPO) refers to the first time a company sells shares publicly. It is a form of </span>equity...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/initial-public-offering"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-insolvent" data-taxon-text-contentid="153989" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/insolvent">Insolvent</a></h4> <p class="x-mb-1"><span>A business is insolvent when it has both a negative </span>debt service coverage ratio<span>—meaning it can’t make its...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/insolvent"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-intellectual-property" data-taxon-text-contentid="118073" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/intellectual-property">Intellectual property</a></h4> <p class="x-mb-1">Intellectual property (IP) covers products, artistic or literary works, inventions, logos and other things...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/intellectual-property"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-interest" data-taxon-text-contentid="153992" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/interest">Interest</a></h4> <p class="x-mb-1"><span>Interest is the fee a business pays a lender (creditor) to borrow money. Interest payments are usually based on...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/interest"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-interest-only-loan" data-taxon-text-contentid="153994" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/interest-only-loan">Interest-only loan</a></h4> <p class="x-mb-1"><span>With an interest-only loan, the borrower’s regular payments include only interest, not the principal amount of the...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/interest-only-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-international-business" data-taxon-text-contentid="153995" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-business">International business</a></h4> <p class="x-mb-1"><span>An international business is one that sells products or services in other countries but operates facilities</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-business"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-international-certification-standards" data-taxon-text-contentid="153996" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-certification-standards">International certification standards</a></h4> <p class="x-mb-1"><span>An international certification standard outlines the requirements and specifications a product, process or...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-certification-standards"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-international-commercial-terms" data-taxon-text-contentid="153997" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-commercial-terms">International commercial terms</a></h4> <p class="x-mb-1"><span>International commercial terms (Incoterms) are rules and standards for commercial transactions published...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-commercial-terms"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-international-financial-reporting-standards" data-taxon-text-contentid="153998" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-financial-reporting-standards">International Financial Reporting Standards (IFRS)</a></h4> <p class="x-mb-1"><span>International Financial Reporting Standards (IFRS) are the rules, standards and procedures accountants use...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-financial-reporting-standards"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-international-market" data-taxon-text-contentid="153999" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-market">International market</a></h4> <p class="x-mb-1"><span>An international market is any market outside a company’s home country—which is its domestic market. For...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-market"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-international-trade" data-taxon-text-contentid="154000" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-trade">International trade</a></h4> <p class="x-mb-1"><span>International trade is the exchange of goods or services between countries. </span>Free trade agreements<span> facilitate...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-trade"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-international-trade-show" data-taxon-text-contentid="154001" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-trade-show">International trade show</a></h4> <p class="x-mb-1"><span>An international trade show is an event where companies from different countries showcase and demonstrate...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/international-trade-show"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-inventory" data-taxon-text-contentid="154002" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inventory">Inventory</a></h4> <p class="x-mb-1"><span>Inventory includes finished units of a product being held for sale, as well as unfinished works in process...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inventory"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-inventory-management" data-taxon-text-contentid="154003" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inventory-management">Inventory management</a></h4> <p class="x-mb-1"><span>Inventory management is the practice companies follow to ensure they have enough raw material, parts...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inventory-management"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-inventory-turnover" data-taxon-text-contentid="154004" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inventory-turnover">Inventory turnover (number of days in inventory)</a></h4> <p class="x-mb-1"><span>Inventory turnover shows how many times per year a company converts its inventory into sales. It is one of six...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/inventory-turnover"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-investments" data-taxon-text-contentid="154005" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/investments">Investments</a></h4> <p class="x-mb-1"><span>A company’s balance sheet may show funds it has invested in other companies. Investments appear on a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/investments"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-iso-9001" data-taxon-text-contentid="139637" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/iso-9001"><span class="white-space-nowrap">ISO 9001</span></a></h4> <p class="x-mb-1"><span class="white-space-nowrap">ISO 9001</span> is an international standard that sets out the requirements for a quality management ...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/iso-9001"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-joint-venture" data-taxon-text-contentid="154006" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/joint-venture">Joint venture</a></h4> <p class="x-mb-1"><span>A joint venture is a business entity created by two or more firms throung an arrangement that typically includes...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/joint-venture"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-kaizen" data-taxon-text-contentid="154007" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/kaizen">Kaizen</a></h4> <p class="x-mb-1"><span>The Japanese word “kaizen” means “continuous improvement” and refers to a structured process for...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/kaizen"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-kanban" data-taxon-text-contentid="154008" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/kanban">Kanban</a></h4> <p class="x-mb-1"><span>Kanban is a tool and scheduling system for managing interdependent manufacturing processes. Invented..</span>.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/kanban"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-key-success-factors" data-taxon-text-contentid="154009" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/key-success-factors">Key success factors</a></h4> <p class="x-mb-1"><span>Key success factors (also known as competitive emphasis or strategic posture) state the important elements required...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/key-success-factors"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-labour-expenses" data-taxon-text-contentid="154010" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/labour-expenses">Labour expenses</a></h4> <p class="x-mb-1"><span>While all companies pay for labour (in the form of the wages they pay to people who work for them), labour...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/labour-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-labour-productivity" data-taxon-text-contentid="139296" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/labour-productivity">Labour productivity</a></h4> <p class="x-mb-1">Labour productivity is the value a business adds in goods, services or both and is calculated by the...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/labour-productivity"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-land-and-buildings" data-taxon-text-contentid="154011" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/land-and-buildings">Land and buildings</a></h4> <p class="x-mb-1"><span>Land and buildings are tangible, </span><span class="white-space-nowrap">long-term</span><span> assets companies use and benefit from over time. They are...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/land-and-buildings"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-late-stage-investing" data-taxon-text-contentid="154012" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/late-stage-investing">Late-stage investing</a></h4> <p class="x-mb-1"><span>Late-stage investing supports companies that have moved beyond the start-up phase of development...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/late-stage-investing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-leadership" data-taxon-text-contentid="154013" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/leadership">Leadership</a></h4> <p class="x-mb-1"><span>Leadership is the ability to clearly define a vision for your business and to motivate people to achieve that...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/leadership"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-lean-manufacturing" data-taxon-text-contentid="154014" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/lean-manufacturing">Lean manufacturing</a></h4> <p class="x-mb-1"><span>Lean manufacturing is a systematized approach to production that helps companies manufacture the most goods...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/lean-manufacturing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-lender" data-taxon-text-contentid="154015" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/lender">Lender</a></h4> <p class="x-mb-1"><span>A lender gives money to a </span>borrower<span> with the agreement that it will be paid back within a certain time...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/lender"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-lending-agreement" data-taxon-text-contentid="154016" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/lending-agreement">Lending agreement</a></h4> <p class="x-mb-1"><span>A lending agreement (loan agreement) is a formal contract between a lender and a borrower...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/lending-agreement"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-letter-of-guarantee" data-taxon-text-contentid="154017" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/letter-of-guarantee">Letter of guarantee</a></h4> <p class="x-mb-1"><span>A letter of guarantee is a document issued by your bank that ensures your supplier gets paid for the goods or services...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/letter-of-guarantee"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-leverage" data-taxon-text-contentid="154018" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/leverage">Leverage</a></h4> <p class="x-mb-1"><span>Leverage is the amount of debt a company has in its mix of debt and equity (its </span>capital structure<span>). A company...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/leverage"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-leveraged-buyout" data-taxon-text-contentid="154019" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/leveraged-buyout">Leveraged buyout (LBO)</a></h4> <p class="x-mb-1"><span>A leveraged buyout (LBO) occurs when the buyer of a company takes on a significant amount of debt as part...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/leveraged-buyout"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-liabilities" data-taxon-text-contentid="154020" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/liabilities">Liabilities</a></h4> <p class="x-mb-1"><span>Liabilities are the legal debts a company owes to third-party creditors. They can include accounts payable...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/liabilities"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-life-cycle-assessment" data-taxon-text-contentid="196235" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/life-cycle-assessment">Life-cycle assessment</a></h4> <p class="x-mb-1">A <span class="white-space-nowrap">life-cycle</span> assessment (LCA), also called a life-cycle analysis, is a powerful tool that allows businesses...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/life-cycle-assessment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-limited-partnership" data-taxon-text-contentid="154021" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/limited-partnership">Limited partnership</a></h4> <p class="x-mb-1"><span>A limited partnership is a form of </span>general partnership<span>, which is one of three ways of organizing a business...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/limited-partnership"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-line-credit" data-taxon-text-contentid="143125" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bank-operating-loan">Line of credit</a></h4> <p class="x-mb-1">A line of credit is convenient for bridging gaps between the points when accounts payable are settled and accounts...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/bank-operating-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-liquidity" data-taxon-text-contentid="154031" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/liquidity">Liquidity</a></h4> <p class="x-mb-1"><span>Liquidity is a company’s ability to convert assets to cash or acquire cash—through a loan or money in the...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/liquidity"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-loan" data-taxon-text-contentid="154032" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan">Loan</a></h4> <p class="x-mb-1"><span>A loan is a sum of money borrowed by a company with the agreement to pay the lender back within a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-loan-acceptance" data-taxon-text-contentid="154034" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-acceptance">Loan acceptance</a></h4> <p class="x-mb-1"><span>Loan acceptance occurs when a borrower accepts the terms and conditions of a loan in writing. The details...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-acceptance"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-loan-authorization" data-taxon-text-contentid="154035" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-authorization">Loan authorization</a></h4> <p class="x-mb-1"><span>Loan authorization occurs when a lending institution completes its “due diligence” (comprehensive...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-authorization"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-loan-maturity-date" data-taxon-text-contentid="154036" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-maturity-date">Loan maturity date</a></h4> <p class="x-mb-1"><span>Loan maturity date refers to the date on which a borrower’s final loan payment is due...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-maturity-date"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-loan-to-value-ratio" data-taxon-text-contentid="154037" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-to-value-ratio"><span class="white-space-nowrap">Loan-to-value</span><span> </span>ratio</a></h4> <p class="x-mb-1"><span>The </span><span class="white-space-nowrap">loan-to-value</span><span> ratio (LTV) determines the maximum amount of a secured loan based on the market...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/loan-to-value-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-local-culture" data-taxon-text-contentid="154038" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/local-culture">Local culture</a></h4> <p class="x-mb-1"><span>Local culture is the set of behaviours, beliefs and customs that exist in a country—everything from how...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/local-culture"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-logistics" data-taxon-text-contentid="140161" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/logistics">Logistics</a></h4> <p class="x-mb-1">AS one component of supply chain management, logistics is the process of coordinating and managing the flow of material goods as they make...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/logistics"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-long-term-assets" data-taxon-text-contentid="154039" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/long-term-assets">Long-term assets (fixed assets)</a></h4> <p class="x-mb-1"><span>Long-term assets (also called fixed or capital assets) are those a business can expect to use, replace and/or...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/long-term-assets"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-long-term-liabilities" data-taxon-text-contentid="154040" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/long-term-liabilities">Long-term liabilities (long-term debts)</a></h4> <p class="x-mb-1"><span>Long-term liabilities, also called </span><span class="white-space-nowrap">long-term</span><span> debts, are debts a company owes third-party creditors that are...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/long-term-liabilities"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-low-carbon-economy" data-taxon-text-contentid="199141" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/low-carbon-economy"><span class="white-space-nowrap">Low-carbon</span> economy</a></h4> <p class="x-mb-1">A low-carbon economy is designed to minimize the production of greenhouse gas (GHG) emissions while still...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/low-carbon-economy"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-managerial-preferences" data-taxon-text-contentid="154085" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/managerial-preferences">Managerial preferences</a></h4> <p class="x-mb-1"><span>Managerial preferences are the likes, dislikes, beliefs and perceptions that influence a manager’s contributions...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/managerial-preferences"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-market-capitalization" data-taxon-text-contentid="154086" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-capitalization">Market capitalization</a></h4> <p class="x-mb-1"><span>Market capitalization refers to the total value of a publicly traded company’s outstanding </span>common...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-capitalization"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-market-entry" data-taxon-text-contentid="154087" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-entry">Market entry</a></h4> <p class="x-mb-1"><span>Market entry includes all the activities involved in bringing a product or service to a new market—whether...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-entry"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-market-entry-strategy" data-taxon-text-contentid="154088" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-entry-strategy">Market entry strategy</a></h4> <p class="x-mb-1"><span>A market entry strategy is a company’s plan for delivering goods or services to a new market (a new country...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-entry-strategy"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-marketing-mix" data-taxon-text-contentid="154090" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/marketing-mix">Marketing mix</a></h4> <p class="x-mb-1"><span>A company’s marketing mix is the combination of products, pricing, places and promotions it uses to differentiate...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/marketing-mix"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-marketing-plan" data-taxon-text-contentid="154091" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/marketing-plan">Marketing plan</a></h4> <p class="x-mb-1"><span>A company’s marketing plan outlines its intended marketing and advertising activities for a specific period...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/marketing-plan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-market-research" data-taxon-text-contentid="154089" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-research">Market research</a></h4> <p class="x-mb-1"><span>Market research is information about customers, competitors and emerging trends that helps companies...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/market-research"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-materiality-assessment" data-taxon-text-contentid="198308" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/materiality-assessment">Materiality assessment</a></h4> <p class="x-mb-1">A materiality assessment is a tool that helps businesses identify and prioritize the most significant...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/materiality-assessment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-mergers-and-acquisitions" data-taxon-text-contentid="154092" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/mergers-and-acquisitions">Mergers and acquisitions (M&A)</a></h4> <p class="x-mb-1"><span>Mergers and acquisitions (M&A) combine two business entities into one. A merger occurs when the two...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/mergers-and-acquisitions"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-mezzanine-financing" data-taxon-text-contentid="154093" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/mezzanine-financing">Mezzanine financing</a></h4> <p class="x-mb-1"><span>Mezzanine financing is a business loan that offers repayment terms adapted to a company’s cash flows. It is a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/mezzanine-financing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-most-favoured-nation" data-taxon-text-contentid="154094" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/most-favoured-nation">Most favoured nation</a></h4> <p class="x-mb-1"><span>The most favoured nation (MFN) principle is based on the idea that countries should treat all their trade partners...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/most-favoured-nation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-multinational-corporation" data-taxon-text-contentid="154095" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/multinational-corporation">Multinational corporation</a></h4> <p class="x-mb-1"><span>A multinational corporation is a company that does business in a select few countries around the world and operates...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/multinational-corporation"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-national-treatment" data-taxon-text-contentid="154096" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/national-treatment">National Treatment</a></h4> <p class="x-mb-1"><span>National treatment is a principle that says countries should treat imported goods, services and </span>intellectual...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/national-treatment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-net-profit-margin-ratio" data-taxon-text-contentid="154097" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-profit-margin-ratio">Net profit margin ratio</a></h4> <p class="x-mb-1"><span>The net profit margin ratio shows the percentage of sales revenue a company keeps after covering all of...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-profit-margin-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-net-promoter-score" data-taxon-text-contentid="192387" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-promoter-score">Net promoter score</a></h4> <p class="x-mb-1">A net promoter score is a measurement of customer satisfaction. It’s calculated by subtracting the percentage of...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-promoter-score"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-net-revenue" data-taxon-text-contentid="154098" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-revenue">Net revenue</a></h4> <p class="x-mb-1"><span>Net revenue is the revenue a company earns in a given period after any purchaser </span>discounts or allowances...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-revenue"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-net-zero-emissions" data-taxon-text-contentid="199414" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-zero-emissions">Net-zero emissions</a></h4> <p class="x-mb-1">A business reaches net-zero emissions when its greenhouse gas (GHG) emissions are reduced to a minimum...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/net-zero-emissions"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-non-blended-loan" data-taxon-text-contentid="195699" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/non-blended-loan"><span class="white-space-nowrap">Non-blended</span> loan</a></h4> <p class="x-mb-1">Non-blended loans are loans that use the simple interest calculation to determine monthly interest charges...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/non-blended-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-non-blended-payments" data-taxon-text-contentid="154127" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/principal-interest-payments"><span class="white-space-nowrap">Non-blended</span> payments</a></h4> <p class="x-mb-1"><span>In a non-blended loan, the principal, which is the original amount borrowed, is divided into equal monthly amounts,...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/principal-interest-payments"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-notes-payable" data-taxon-text-contentid="154099" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/notes-payable">Notes payable</a></h4> <p class="x-mb-1"><span>Notes payable are </span><span class="white-space-nowrap">long-term</span><span> </span>liabilities<span> that indicate the money a company owes its financiers—banks...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/notes-payable"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-notes-to-financial-statements" data-taxon-text-contentid="154100" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/notes-to-financial-statements">Notes to financial statements</a></h4> <p class="x-mb-1"><span>Notes to the </span>financial statements<span> disclose the detailed assumptions made by accountants when preparing...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/notes-to-financial-statements"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-offer-advantage" data-taxon-text-contentid="154101" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/offer-advantage">Offer advantage</a></h4> <p class="x-mb-1"><span>A company has an offer advantage when its product or service stands out from the competition by meeting...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/offer-advantage"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-one-time-expenses-revenues" data-taxon-text-contentid="154102" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/one-time-expenses-revenues">One-time expenses/revenues</a></h4> <p class="x-mb-1"><span>One-time expenses or revenues arise from </span><span class="white-space-nowrap">non-operating</span><span> activities, that is, those outside a company’s usual...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/one-time-expenses-revenues"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-online-marketing" data-taxon-text-contentid="154103" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/online-marketing">Online marketing</a></h4> <p class="x-mb-1"><span>Online marketing (also called Internet marketing or web marketing) is marketing and advertising on the...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/online-marketing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-operating-activities-non-operating-activities" data-taxon-text-contentid="154104" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operating-activities-non-operating-activities">Operating activities/non-operating activities</a></h4> <p class="x-mb-1"><span>Operating activities are all the things a company does to bring its products and services to market on an...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operating-activities-non-operating-activities"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-operating-sg-and-a-expenses" data-taxon-text-contentid="154105" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operating-sg-and-a-expenses">Operating expenses (selling, general & administrative expenses)</a></h4> <p class="x-mb-1"><span>Operating expenses, also known as selling, general and administrative expenses (SG&A), are the fixed costs...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operating-sg-and-a-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-operating-profit-margin" data-taxon-text-contentid="154106" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operating-profit-margin">Operating profit margin</a></h4> <p class="x-mb-1"><span>The operating profit is the difference between the revenues of a business and its costs and expenses, excluding...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operating-profit-margin"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-operations" data-taxon-text-contentid="154107" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operations">Operations</a></h4> <p class="x-mb-1"><span>Operations refers to all the tasks a company performs to turn raw materials into finished goods or services...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/operations"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-opportunity-cost" data-taxon-text-contentid="154108" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/opportunity-cost">Opportunity cost</a></h4> <p class="x-mb-1"><span>Opportunity cost (also known as “alternative cost,”) is the difference between a project’s cost estimate...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/opportunity-cost"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-organizational-behaviour" data-taxon-text-contentid="154109" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/organizational-behaviour">Organizational behaviour</a></h4> <p class="x-mb-1"><span>Organizational behaviour refers to the ways people communicate and work together to accomplish the...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/organizational-behaviour"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-organizational-culture" data-taxon-text-contentid="154110" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/organizational-culture">Organizational culture</a></h4> <p class="x-mb-1"><span>Organizational culture is generally understood as all of a company’s beliefs, values and attitudes, and how...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/organizational-culture"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-overhead" data-taxon-text-contentid="154111" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/overhead">Overhead</a></h4> <p class="x-mb-1"><span>Overhead is a general term describing </span>indirect costs<span>—i.e., all costs not directly related to manufacturing...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/overhead"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-pari-passu" data-taxon-text-contentid="154113" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pari-passu">Pari-passu</a></h4> <p class="x-mb-1"><span>When several lenders jointly finance the same assets, this is referred to as </span><span class="white-space-nowrap">co-lending.</span><span> A </span><span class="white-space-nowrap">co-lending...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pari-passu"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-par-value-of-shares" data-taxon-text-contentid="154112" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/par-value-of-shares">Par value of shares</a></h4> <p class="x-mb-1"><span>Par value is the value of a single </span>common share<span> as set by a corporation’s charter. It is not typically related...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/par-value-of-shares"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-patents" data-taxon-text-contentid="154114" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/patents">Patents</a></h4> <p class="x-mb-1"><span>Patent protection applies in the country or region that issues the patent. In Canada, a patent lasts for 20 years...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/patents"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-patient-capital" data-taxon-text-contentid="154115" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/patient-capital">Patient capital</a></h4> <p class="x-mb-1"><span>Patient capital is money a small or </span><span class="white-space-nowrap">medium-sized</span><span> private business raises. Its name refers to its lenient...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/patient-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-pay-per-click" data-taxon-text-contentid="154116" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pay-per-click">Pay per click</a></h4> <p class="x-mb-1"><span>With pay-per-click (PPC) advertising, companies are charged for online ad space only when users click on their ads...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pay-per-click"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-payables-turnover" data-taxon-text-contentid="154117" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/payables-turnover">Payables turnover</a></h4> <p class="x-mb-1"><span>Payables turnover shows how many times a year a company pays its suppliers. It is one of six main calculations...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/payables-turnover"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-pdca" data-taxon-text-contentid="164503" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pdca">PDCA</a></h4> <p class="x-mb-1">The plan, do, check, act (PDCA) methodology is one of the main tools used by professionals to test improvements and...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pdca"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-performance-management" data-taxon-text-contentid="154119" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/performance-management">Performance management</a></h4> <p class="x-mb-1"><span>Performance management is a structured way to guide employees to achieve your business goals...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/performance-management"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-personal-loan" data-taxon-text-contentid="154120" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/personal-loan">Personal loan</a></h4> <p class="x-mb-1"><span>A personal loan (also known as a consumer loan) describes any situation in which an individual borrows money...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/personal-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-point-sale" data-taxon-text-contentid="139473" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/point-sale">Point of sale (POS)</a></h4> <p class="x-mb-1">Point of sale systems help businesses conduct transactions with their customers, primarily for...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/point-sale"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-preferred-shares" data-taxon-text-contentid="154122" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/preferred-shares">Preferred shares</a></h4> <p class="x-mb-1"><span>Preferred shares are issued to business owners and other investors as proof of the money they have paid...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/preferred-shares"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-pre-paid-expenses" data-taxon-text-contentid="154123" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pre-paid-expenses">Pre-paid expenses</a></h4> <p class="x-mb-1"><span>Pre-paid expenses are intangible assets a company has already paid for and expects to benefit from in the short...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pre-paid-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-pricing-decisions" data-taxon-text-contentid="154125" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pricing-decisions">Pricing decisions</a></h4> <p class="x-mb-1"><span>Pricing decisions are the choices businesses make when setting prices for their products or services...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/pricing-decisions"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-price-earnings-ratio" data-taxon-text-contentid="154124" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/price-earnings-ratio">Price-to-earnings<br>(P/E) ratio</a></h4> <p class="x-mb-1">The price-to-earnings ratio (also called PE multiple or P/E ratio) is a financial tool that investors on financial...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/price-earnings-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-price-elasticity-of-demand" data-taxon-text-contentid="182145" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/price-elasticity-demand">Price elasticity of demand</a></h4> <p class="x-mb-1">The price elasticity of demand can be an important concept for pricing your company’s products and ...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/price-elasticity-demand"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-prime-interest-rate" data-taxon-text-contentid="153834" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/prime-interest-rate">Prime interest rate</a></h4> <p class="x-mb-1">The prime interest rate is used as a reference rate by financial institutions to set the variable interest rate for...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/prime-interest-rate"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-principal" data-taxon-text-contentid="154126" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/principal">Principal</a></h4> <p class="x-mb-1"><span>Principal is the amount of money a company borrows when it takes a loan. This amount is recorded on a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/principal"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-private-company" data-taxon-text-contentid="154128" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/private-company">Private company</a></h4> <p class="x-mb-1"><span>A private company is a business with private ownership. Typically, private companies have one or a small number...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/private-company"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-procurement" data-taxon-text-contentid="154129" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/procurement">Procurement</a></h4> <p class="x-mb-1"><span>Procurement is the activity of finding and acquiring goods and services. Its aim is to ensure a company makes...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/procurement"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-product-adaptation" data-taxon-text-contentid="154130" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/product-adaptation">Product adaptation</a></h4> <p class="x-mb-1"><span>Product adaptation is the process of changing a product to meet the needs of customers in a market other than...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/product-adaptation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-promissory-note" data-taxon-text-contentid="154131" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/promissory-note">Promissory note</a></h4> <p class="x-mb-1"><span>A </span>promissory note<span> is a written promise to pay a sum of money, to a specified individual or organization, at a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/promissory-note"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-public-company" data-taxon-text-contentid="154132" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/public-company">Public company</a></h4> <p class="x-mb-1"><span>A public company is a company whose shares trade on a stock exchange. Typically, public companies have sold...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/public-company"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-purchase-discounts-and-allowances" data-taxon-text-contentid="154133" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/purchase-discounts-and-allowances">Purchase discounts and allowances</a></h4> <p class="x-mb-1"><span>Businesses use discounts and allowances to encourage customers to buy from them or to pay an outstanding bill...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/purchase-discounts-and-allowances"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-qr-code" data-taxon-text-contentid="144348" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/qr-code">QR code</a></h4> <p class="x-mb-1">QR codes are an inexpensive, efficient and effective customer engagement tool. By simply pointing their...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/qr-code"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-quick-assets" data-taxon-text-contentid="154134" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/quick-assets">Quick assets</a></h4> <p class="x-mb-1"><span>Quick assets include cash on hand or current assets like </span>accounts receivable<span> that can be converted to cash...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/quick-assets"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-ratio-analysis" data-taxon-text-contentid="154135" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/ratio-analysis">Ratio analysis</a></h4> <p class="x-mb-1"><span>Business owners, managers and financiers use ratio analysis to understand how effectively a business is...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/ratio-analysis"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-raw-material-expenses" data-taxon-text-contentid="154136" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/raw-material-expenses">Raw material expenses</a></h4> <p class="x-mb-1"><span>Raw material expenses refer to the cost of the components that go into a final manufactured product. They...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/raw-material-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-retailer" data-taxon-text-contentid="154137" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/retailer">Retailer</a></h4> <p class="x-mb-1"><span>A retailer is a business that finds, buys and gathers products or services from multiple suppliers and sells them...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/retailer"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-retained-earnings" data-taxon-text-contentid="154138" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/retained-earnings">Retained earnings</a></h4> <p class="x-mb-1"><span>Retained earnings are the amount of profit a company has left over after paying all its direct costs...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/retained-earnings"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-return-on-common-equity-ratio" data-taxon-text-contentid="154139" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-common-equity-ratio">Return on common equity ratio</a></h4> <p class="x-mb-1"><span>The return on common equity ratio measures how much money common shareholders receive from a company...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-common-equity-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-return-on-investment" data-taxon-text-contentid="154140" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-investment">Return on investment (ROI)</a></h4> <p class="x-mb-1"><span>Return on investment (ROI) is the broadest measure of profitability used by shareholders to gauge how efficiently...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-investment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-return-on-shareholders-equity-ratio" data-taxon-text-contentid="154141" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-shareholders-equity-ratio">Return on shareholders’ equity ratio</a></h4> <p class="x-mb-1"><span>The return on shareholders’ equity ratio shows how much money is returned to the owners as a percentage of...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-shareholders-equity-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-return-on-total-assets-ratio" data-taxon-text-contentid="154142" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-total-assets-ratio">Return on total assets ratio</a></h4> <p class="x-mb-1"><span>The return on total assets ratio is obtained by dividing a company’s earnings after tax by its total assets. This...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/return-on-total-assets-ratio"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-revenue" data-taxon-text-contentid="154143" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/revenue">Revenue</a></h4> <p class="x-mb-1"><span>Revenue is a dollar figure that indicates how much money a company has earned by selling its products and...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/revenue"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-reward-and-recognition" data-taxon-text-contentid="154144" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/reward-and-recognition">Reward and recognition</a></h4> <p class="x-mb-1"><span>Companies use rewards and recognition to motivate employees and demonstrate that they are appreciated...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/reward-and-recognition"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-rules-of-origin" data-taxon-text-contentid="154146" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/rules-of-origin">Rules of origin</a></h4> <p class="x-mb-1"><span>Rules of origin are laws, regulations and procedures that identify where an imported product originally came...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/rules-of-origin"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-scope-1,-2-3-carbon-emissions" data-taxon-text-contentid="193064" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/scope-1-2-and-3-carbon-emissions"><span class="white-space-nowrap">Scope 1, 2 and 3</span> carbon emissions</a></h4> <p class="x-mb-1"><span class="white-space-nowrap">Scope 1, 2 and 3</span> carbon emissions are categories used to classify different sources of greenhouse ...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/scope-1-2-and-3-carbon-emissions"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-search-engine" data-taxon-text-contentid="154147" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/search-engine">Search engine</a></h4> <p class="x-mb-1"><span>A search engine is a software program that helps people find the information they are looking for online using...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/search-engine"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-search-engine-optimization" data-taxon-text-contentid="154148" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/search-engine-optimization">Search engine optimization (SEO)</a></h4> <p class="x-mb-1"><span>Search engine optimization (SEO) is the practice of using keywords and other techniques to ensure a company’s...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/search-engine-optimization"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-seasonal-payment" data-taxon-text-contentid="154149" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/seasonal-payment">Seasonal payment</a></h4> <p class="x-mb-1"><span>A seasonal payment (seasonal loan) is a loan that is repaid in keeping with a company’s seasonal </span>cash flow...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/seasonal-payment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-secured-loan" data-taxon-text-contentid="154150" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/secured-loan">Secured loan</a></h4> <p class="x-mb-1"><span>In a secured loan, the lender has a legal claim against a borrower’s assets. If the borrower defaults, the lender...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/secured-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-securitization" data-taxon-text-contentid="154151" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/securitization">Securitization</a></h4> <p class="x-mb-1"><span>Securitization is the process used to create </span><span class="white-space-nowrap">asset-backed</span><span> </span>securities<span> (ABS). It takes the illiquid assets...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/securitization"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-seed-capital" data-taxon-text-contentid="154152" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/seed-capital">Seed capital</a></h4> <p class="x-mb-1"><span>Seed capital is the initial amount of money an entrepreneur uses to start a business. Often, this money comes...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/seed-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-segmentation" data-taxon-text-contentid="154153" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/segmentation">Segmentation</a></h4> <p class="x-mb-1"><span>Segmentation is the process of dividing a company’s target market into groups of potential customers with...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/segmentation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-self-employed-worker" data-taxon-text-contentid="154155" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/self-employed-worker">Self-employed worker</a></h4> <p class="x-mb-1"><span>A self-employed worker is an individual hired by a company to perform a specific service. According to the...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/self-employed-worker"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-selling-expenses" data-taxon-text-contentid="154156" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/selling-expenses">Selling expenses</a></h4> <p class="x-mb-1"><span>Selling expenses are the costs associated with distributing, marketing and selling a product or service. They are...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/selling-expenses"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-semi-variable-costs" data-taxon-text-contentid="143103" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/semi-variable-costs"><span class="white-space-nowrap">Semi-variable</span> costs</a></h4> <p class="x-mb-1"><span class="white-space-nowrap">Semi-variable</span> costs are expenses that include a mixture of fixed and variable costs.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/semi-variable-costs"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-senior-debt" data-taxon-text-contentid="154157" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/senior-debt">Senior debt</a></h4> <p class="x-mb-1"><span>Senior debts are loans secured by collateral (assets) that must be paid off before any other debts when a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/senior-debt"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-setting-objectives" data-taxon-text-contentid="154121" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/personal-objectives">Setting objectives</a></h4> <p class="x-mb-1">Setting objectives is important. Objectives communicate to employees what is a priority and what is expected of them. ...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/personal-objectives"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-share-capital" data-taxon-text-contentid="154158" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/share-capital">Share capital</a></h4> <p class="x-mb-1"><span>The term “share capital” refers to the amount of money the owners of a company have invested in the business...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/share-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-shareholder" data-taxon-text-contentid="154159" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shareholder">Shareholder</a></h4> <p class="x-mb-1"><span>A shareholder is a person or institution that has invested money in a corporation in exchange for a “share”...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shareholder"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-shareholder-injections-redemptions" data-taxon-text-contentid="154160" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shareholder-injections-redemptions">Shareholder injections/redemptions</a></h4> <p class="x-mb-1"><span>A shareholder injection occurs any time a company’s existing shareholders put cash into the business. In return...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shareholder-injections-redemptions"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-shareholders-equity" data-taxon-text-contentid="154161" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shareholders-equity">Shareholders' equity</a></h4> <p class="x-mb-1"><span>Shareholders’ equity is the amount that the owners of a company have invested in their business. This includes...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shareholders-equity"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-shares-authorized-issued-and-outstanding" data-taxon-text-contentid="154162" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shares-authorized-issued-and-outstanding">Shares authorized, issued and outstanding</a></h4> <p class="x-mb-1"><span>he term “authorized, issued and outstanding” refers to shares in a company that have been sold publicly...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/shares-authorized-issued-and-outstanding"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-short-selling" data-taxon-text-contentid="154163" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/short-selling">Short selling</a></h4> <p class="x-mb-1"><span>Short selling is a strategy used by stock market traders to make a profit on shares they expect will lose value...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/short-selling"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-six-sigma" data-taxon-text-contentid="154164" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/six-sigma">Six Sigma</a></h4> <p class="x-mb-1"><span>The Six Sigma program was created to help companies continuously improve the quality of their products and...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/six-sigma"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-skus-stock-keeping-units" data-taxon-text-contentid="154165" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/skus-stock-keeping-units">SKUs (stock keeping units)</a></h4> <p class="x-mb-1"><span>A stock keeping unit, also known as a SKU (pronounced "skew"), is an internal identification code for a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/skus-stock-keeping-units"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-smart-objectives" data-taxon-text-contentid="154166" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/smart-objectives">SMART objectives</a></h4> <p class="x-mb-1"><span>SMART is an acronym that defines important criteria for setting ideal goals and objectives to manage your staff...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/smart-objectives"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-social-entrepreneur" data-taxon-text-contentid="154167" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/social-entrepreneur">Social entrepreneur</a></h4> <p class="x-mb-1"><span>A social entrepreneur is a businessperson whose goal is to create long-term social or environmental value...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/social-entrepreneur"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-social-media-marketing" data-taxon-text-contentid="154168" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/social-media-marketing">Social media marketing</a></h4> <p class="x-mb-1"><span>Social media marketing is the use of social media platforms such as Facebook, LinkedIn, X, Instagram...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/social-media-marketing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-sole-proprietorship" data-taxon-text-contentid="154169" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/sole-proprietorship">Sole proprietorship</a></h4> <p class="x-mb-1"><span>A sole proprietorship is a business with a single owner who is solely responsible for all liabilities. In the eyes...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/sole-proprietorship"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-standard-operating-procedures" data-taxon-text-contentid="146204" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/standard-operating-procedures">Standard operating procedures</a></h4> <p class="x-mb-1">A standard operating procedure is a <span class="white-space-nowrap">step-by-step</span> set of instructions that communicate to employees the...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/standard-operating-procedures"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-start-up" data-taxon-text-contentid="154171" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/start-up">Start-up</a></h4> <p class="x-mb-1"><span>A </span><span class="white-space-nowrap">start-up</span><span> is a business in the earliest stages of getting established. Companies may stay in </span><span class="white-space-nowrap">start-up</span><span> mode for as...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/start-up"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-statement-of-retained-earnings" data-taxon-text-contentid="154173" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/statement-of-retained-earnings">Statement of retained earnings</a></h4> <p class="x-mb-1"><span>The statement of retained earning shows the accumulated profit of a company after dividend are paid..</span>.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/statement-of-retained-earnings"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-statement-of-work" data-taxon-text-contentid="154174" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/statement-of-work">Statement of work</a></h4> <p class="x-mb-1"><span>A statement of work (SoW) is a document that describes the products or services one party will provide another...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/statement-of-work"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-stepped-payment" data-taxon-text-contentid="154175" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/stepped-payment">Stepped payment</a></h4> <p class="x-mb-1"><span>With a stepped-payment loan, a borrower’s monthly payments start low and increase gradually over time...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/stepped-payment"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-strategic-goals" data-taxon-text-contentid="154176" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-goals">Strategic goals</a></h4> <p class="x-mb-1"><span>Strategic goals are the specific financial and non-financial objectives and results a company aims to achieve...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-goals"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-strategic-plan" data-taxon-text-contentid="154177" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-plan">Strategic plan</a></h4> <p class="x-mb-1"><span>A strategic plan is a document that summarizes how a company plans to operate and grow over the next three to...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-plan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-strategic-planning" data-taxon-text-contentid="154178" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-planning">Strategic planning</a></h4> <p class="x-mb-1"><span>Strategic planning is a process that helps a company decide what market opportunities to pursue and how to do...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-planning"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-strategic-scope" data-taxon-text-contentid="154179" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-scope">Strategic scope</a></h4> <p class="x-mb-1"><span>Strategic scope refers to the products and services a company plans to offer over a specific period, and...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/strategic-scope"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-subordinate-financing" data-taxon-text-contentid="154180" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/subordinate-financing">Subordinate financing</a></h4> <p class="x-mb-1"><span>Subordinated financing (junior debt) is a loan secured by collateral (assets) that are to be paid if a company goes...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/subordinate-financing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-subsidiary" data-taxon-text-contentid="154181" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/subsidiary">Subsidiary</a></h4> <p class="x-mb-1"><span>A subsidiary is a legal entity controlled by another legal entity. Subsidiaries are often used to facilitate...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/subsidiary"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-succession-planning" data-taxon-text-contentid="154182" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/succession-planning">Succession planning</a></h4> <p class="x-mb-1">Succession planning is the process of preparing successors for key roles so disruption is minimized during leadership changes.</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/succession-planning"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-supply-chain-management" data-taxon-text-contentid="154184" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/supply-chain-management">Supply chain management</a></h4> <p class="x-mb-1"><span>Supply chain management refers to the ways a company controls all the steps involved in manufacturing...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/supply-chain-management"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-sustainability" data-taxon-text-contentid="164498" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/sustainability">Sustainability</a></h4> <p class="x-mb-1">Sustainability is a framework for business success that balances economic growth with social <span class="white-space-nowrap">well-being</span> and...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/sustainability"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-swot-analysis" data-taxon-text-contentid="154185" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/swot-analysis">SWOT analysis</a></h4> <p class="x-mb-1"><span>A SWOT analysis breaks down a company’s strengths, weaknesses, opportunities and threats (SWOT) to inform...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/swot-analysis"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-syndicated-loan" data-taxon-text-contentid="154186" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/syndicated-loan">Syndicated loan</a></h4> <p class="x-mb-1"><span>A syndicated loan is a substantial loan provided to a large borrower ($1 million or more) by several lenders together...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/syndicated-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6 flex-md-box"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-system-organization-controls-2" data-taxon-text-contentid="187809" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/system-organization-controls-2">System and Organization Controls 2 (SOC 2)</a></h4> <p class="x-mb-1"><span>System and Organization Controls 2 (SOC 2) is a cybersecurity compliance standard specifying ways for organizations ...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/system-organization-controls-2"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-tangible-and-intangible-assets" data-taxon-text-contentid="154188" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/tangible-and-intangible-assets">Tangible and intangible assets</a></h4> <p class="x-mb-1"><span>Assets can be tangible or intangible. An intangible asset is a </span><span class="white-space-nowrap">non-monetary</span><span> asset that cannot be seen or...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/tangible-and-intangible-assets"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-target-market" data-taxon-text-contentid="154189" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/target-market">Target market</a></h4> <p class="x-mb-1"><span>A company’s target market is the set of customers it chooses to serve out of all the possible customers it could...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/target-market"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-tariffs" data-taxon-text-contentid="154190" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/tariffs">Tariffs</a></h4> <p class="x-mb-1"><span>A tariff is a fee on goods and services being imported into a country. It is usually imposed and collected by a...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/tariffs"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-taxes-payable" data-taxon-text-contentid="154191" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/taxes-payable">Taxes payable</a></h4> <p class="x-mb-1"><span>Taxes payable are the amount of money a company owes in federal, provincial and municipal taxes. Harmonized...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/taxes-payable"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-technical-barriers-to-trade" data-taxon-text-contentid="154192" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/technical-barriers-to-trade">Technical barriers to trade</a></h4> <p class="x-mb-1"><span>A technical barrier to trade (TBT) is any regulation, standard or procedure that could make exporting goods...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/technical-barriers-to-trade"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-total-cost-ownership" data-taxon-text-contentid="154193" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/total-cost-ownership">Total cost of ownership</a></h4> <p class="x-mb-1"><span>The total cost of ownership (TCO) is the cost to buy something plus the cost to operate it over its useful life...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/total-cost-ownership"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-total-quality-management" data-taxon-text-contentid="154194" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/total-quality-management">Total quality management (TQM)</a></h4> <p class="x-mb-1"><span>Total quality management (TQM) is a management philosophy that asks all of a company’s employees...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/total-quality-management"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-trade-credit-insurance" data-taxon-text-contentid="154195" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trade-credit-insurance">Trade credit insurance</a></h4> <p class="x-mb-1"><span>Businesses buy trade credit insurance to protect against the risk of </span><span class="white-space-nowrap">non-payment</span><span> when selling goods and services...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trade-credit-insurance"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-trade-mission" data-taxon-text-contentid="154196" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trade-mission">Trade mission</a></h4> <p class="x-mb-1"><span>In a trade mission, government officials and businesspeople from one country travel to another to promote...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trade-mission"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-trade-secret" data-taxon-text-contentid="154197" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trade-secret">Trade secret</a></h4> <p class="x-mb-1"><span>Trade secrets include any valuable business information that derives its value from secrecy. In Canada, there...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trade-secret"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-trademark" data-taxon-text-contentid="154198" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trademark">Trademark</a></h4> <p class="x-mb-1"><span>A trademark is one or many words, sounds or designs used to distinguish the goods or services of one...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trademark"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-trend-analysis" data-taxon-text-contentid="154199" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trend-analysis">Trend analysis</a></h4> <p class="x-mb-1"><span>A trend analysis examines the factors that drive business success. The analysis is used to make projections for...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/trend-analysis"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-unit-selling-price" data-taxon-text-contentid="154200" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/unit-selling-price">Unit selling price</a></h4> <p class="x-mb-1"><span>The unit selling price is the amount a company charges for a single item of a product or use of a service...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/unit-selling-price"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-unsecured-loan" data-taxon-text-contentid="154201" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/unsecured-loan">Unsecured loan</a></h4> <p class="x-mb-1"><span>In an unsecured loan, a lender provides money to a borrower without any legal claim to the borrower’s assets...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/unsecured-loan"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-valuation" data-taxon-text-contentid="154202" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/valuation">Valuation</a></h4> <p class="x-mb-1"><span>Valuation is a process used to establish a company’s worth in dollars. A variety of methods are used...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/valuation"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-values" data-taxon-text-contentid="154203" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/values">Values</a></h4> <p class="x-mb-1"><span>Values are what a company stands for—the beliefs that drive its </span>organizational behaviour<span> and the characteristics...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/values"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-variable-costs" data-taxon-text-contentid="144413" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4 class="x-mt-0"><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/variable-costs">Variable costs</a></h4> <p class="x-mb-1">Variable costs are the expenses a business incurs that change with the amount of goods produced or services...</p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/variable-costs"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-venture-capital" data-taxon-text-contentid="154204" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/venture-capital">Venture capital</a></h4> <p class="x-mb-1"><span>Venture capital is a form of </span>early-stage financing<span> sought by companies with high-growth ambitions and significant...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/venture-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-venture-capital-action-plan" data-taxon-text-contentid="154205" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/venture-capital-action-plan">Venture Capital Action Plan</a></h4> <p class="x-mb-1"><span>The Venture Capital Action Plan (VCAP) was created by the Government of Canada to encourage investment...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/venture-capital-action-plan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-venture-capital-fund" data-taxon-text-contentid="154206" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/venture-capital-fund">Venture capital fund</a></h4> <p class="x-mb-1"><span>A venture capital (VC) fund is a sum of money investors commit for investment in </span><span class="white-space-nowrap">early-stage</span><span> companies...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/venture-capital-fund"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-viral-marketing" data-taxon-text-contentid="154207" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/viral-marketing">Viral marketing</a></h4> <p class="x-mb-1"><span>Viral marketing is an </span>online marketing<span> strategy that involves the creation of engaging and entertaining content...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/viral-marketing"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-vision-and-mission-statements" data-taxon-text-contentid="154208" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/vision-and-mission-statements">Vision and mission statements</a></h4> <p class="x-mb-1"><span>A vision statement expresses a company’s main goal for the future while a mission statement concisely explains...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/vision-and-mission-statements"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-web-analytics" data-taxon-text-contentid="154209" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/web-analytics">Web analytics</a></h4> <p class="x-mb-1"><span>Web analytics allow a company to collect, measure and evaluate data on visitor traffic that comes to and...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/web-analytics"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-weighted-average-cost-of-capital" data-taxon-text-contentid="154210" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/weighted-average-cost-of-capital">Weighted average cost of capital</a></h4> <p class="x-mb-1"><span>The weighted average cost of capital (WACC) is the average rate that a business pays to finance its assets...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/weighted-average-cost-of-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-wholesaler" data-taxon-text-contentid="154211" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/wholesaler">Wholesaler</a></h4> <p class="x-mb-1"><span>Wholesalers are companies that buy in large quantities and sell by volume. They are the intermediaries...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/wholesaler"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-working-capital" data-taxon-text-contentid="154212" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/working-capital">Working capital</a></h4> <p class="x-mb-1"><span>Working capital is the amount of cash and other current assets a business has available after </span><span>all its current...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/working-capital"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-working-capital-loan" data-taxon-text-contentid="154213" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/working-capital-loan">Working capital loan</a></h4> <p class="x-mb-1"><span>A working capital loan is used to finance the everyday operations of a business such as sales and marketing...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/working-capital-loan"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-world-customs-organization" data-taxon-text-contentid="154214" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/world-customs-organization">World Customs Organization (WCO)</a></h4> <p class="x-mb-1">The World Customs Organization (WCO)<span> is an international group of more than 180 customs agencies. The WCO...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/world-customs-organization"> Read more </a></p> </div></div><div class="block textblock col-12 col-md-6"> <div data-taxon-component="text" data-taxon-text-title="shr-tb-world-trade-organization" data-taxon-text-contentid="154215" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <h4><a href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/world-trade-organization">World Trade Organization (WTO)</a></h4> <p class="x-mb-1">The World Trade Organization (WTO)<span> is an international body dedicated to making trade flow smoothly, predictably...</span></p> <p><a class="focused-link" title="Read more" href="/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/world-trade-organization"> Read more </a></p> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock Team"> <div data-taxon-component="text" data-taxon-text-title="ctn-tb-x-01" data-taxon-text-contentid="119106" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"><div class="block textblock Team"> <div data-taxon-component="text" data-taxon-text-title="ctn-tb-y-01" data-taxon-text-contentid="119107" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> </div></div></div> </div> <div class="js-tab-content js-tab"> <div class="row"></div> </div> </div></div> </div> <script type="module"> const freLink = document.getElementById("fre"); if (freLink) { import("/assets/js/modules/fre.min.js"); } </script> </div> </div> </div> </article> </main> <footer data-taxon-component=footer data-taxon-footer-title=Glossary data-taxon-footer-contentid=6503 data-taxon-footer-display=default data-taxon-parent=true class="footer"> <div class="bg-neutral-alternate neutral-dark-theme x-py-3 border-bottom-1 border-neutral-alternate-medium"> <div class="container"> <div class="text-center"><div class="block bdcformcontainerblock col-12"> <div id="BDCFormContainerBlock" class=" " style="" data-form-asset-name="Footer-EN" data-form-eloqua-name="subscription--General-form"> <div class="row "> <div class="block formwithcolumnsblock col-12"> <form method="post" novalidate="novalidate" data-f-metadata="" enctype="multipart/form-data" class="EPiServerForms ValidationSuccess" data-f-type="form" id="14a1febb-7a00-4226-a660-884e6dbc4ca7" data-f-async-submit="true"> <script type="text/javascript"> // This view acts as a rendering template to render InitScript(and server-side Form's descriptor) in FormContainerBlock's client-side for Form[14a1febb-7a00-4226-a660-884e6dbc4ca7]. // TECHNOTE: all serverside (paths, dynamic values) of EPiServerForms will be transfered to client side here in this section. 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StepsInfo : { Steps: [{"index":0,"attachedUrl":"","dependField":null,"dependCondition":null,"isActive":true,"attachedContentLink":"","dependValue":"","elementName":"__field_","guid":"00000000-0000-0000-0000-000000000000"}] }, FieldsExcludedInSubmissionSummary: [], ElementsInfo: JSON.parse("{\"__field_121818\":{\"type\":\"www.bdc.ca.Features.Blocks.SectionFormBlock.SectionFormBlock\",\"friendlyName\":\"Section header\",\"customBinding\":false},\"__field_190902\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataEmailElementBlock.FormDataEmailElementBlock\",\"friendlyName\":\"emailAddresswithplaceholder\",\"customBinding\":false},\"__field_190931\":{\"type\":\"www.bdc.ca.Features.Blocks.FormDataSubmitButtonElementBlock.FormDataSubmitButtonElementBlock\",\"friendlyName\":\"submitSubscribe\",\"customBinding\":false},\"__field_111448\":{\"type\":\"www.bdc.ca.Features.Blocks.FormElementsContainerBlock.FormElementsContainerBlock\",\"friendlyName\":\"emailSubmitContainerfooter\",\"customBinding\":false}}"), DataSubmitController: "/EPiServer.Forms/DataSubmit" }; /// TECHNOTE: Calculation at FormInfo level, and these values will be static input for later processing. workingFormInfo.StepsInfo.FormHasNoStep_VirtualStepCreated=true; // this FLAG will be true, if Editor does not put any FormStep. 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} </script> </div></div><div class="block formdatasubmitbuttonelementblock col-12 col-md-4 flex-md-box"> <button id="0e81b37c-0181-43e5-8b7d-f30726cc7cfa" name="submit" type="submit" value="0e81b37c-0181-43e5-8b7d-f30726cc7cfa" data-f-is-finalized="false" data-f-is-progressive-submit="true" data-f-type="submitbutton" data-f-element-name="__field_190931" class="Form__Element FormExcludeDataRebind FormSubmitButton form-submit cta-primary " data-name="submitSubscribe"> Subscribe</button></div> </div> <input name="__field_190912" id="b699fb25-4967-4488-856a-21732f0d204d" value="" type="hidden" class="Form__Element FormHidden FormHideInSummarized" data-f-type="hidden" data-name="googleAnalyticsId" data-guid="b699fb25-4967-4488-856a-21732f0d204d"> <input name="__field_116044" id="3b116bd2-9a81-4371-a1c6-604e087ca1cc" value="footer-EN" type="hidden" class="Form__Element FormHidden FormHideInSummarized" data-f-type="hidden" data-name="landingPageOrigin" data-guid="3b116bd2-9a81-4371-a1c6-604e087ca1cc"> <input name="__field_190922" id="dbddedd3-e5b4-4e75-ae51-feedafc74c00" value="" type="hidden" class="Form__Element FormHidden FormHideInSummarized" data-f-type="hidden" data-name="campaignActivityGuid" data-guid="dbddedd3-e5b4-4e75-ae51-feedafc74c00"> <input name="__field_190914" id="12c8d126-c6da-4733-aeb9-163e505dadb0" value="" type="hidden" class="Form__Element FormHidden FormHideInSummarized" data-f-type="hidden" data-name="campaignCode" data-guid="12c8d126-c6da-4733-aeb9-163e505dadb0"> <input name="__field_190920" id="cf5b8387-ac14-4174-be69-1a2a082d5267" value="" type="hidden" class="Form__Element FormHidden FormHideInSummarized" data-f-type="hidden" data-name="campaignName" data-guid="cf5b8387-ac14-4174-be69-1a2a082d5267"> <div id="1929606c-57f5-4a0d-9b91-d62b99dca7f5" class="Form__Element Form__CustomElement FormRecaptcha x-m-0" data-epiforms-element-name="__field_190925" data-epiforms-sitekey="6LcK3bEZAAAAAMF2wpj2euXxBBvZp5fgbflykBQk"> <span role="alert" aria-live="polite" data-epiforms-linked-name="__field_190925" class="Form__Element__ValidationError hidden"> </span> </div> </section> </div> </form> </div> </div> </div></div><div class="block textblock col-12"> <div data-taxon-component="text" data-taxon-text-title="Text-under-footer" data-taxon-text-contentid="3799" data-taxon-text-display="default" data-taxon-parent="true" class="text-block-container flex-grow-1 " style=" "> <p class="smaller-font">Subscribe to receive, via email, business advice, articles and tools as well as information about our solutions and events. 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It will init/grab the epi object, and init epi.EPiServer.Forms object */ // (by default) Forms's jQuery will be injected right before this file. From now on, we refer Forms own jQuery as $$epiforms. // after this code, the object $ and jQuery will revert back to its original meaning in original library (Alloy jQuery or other lib). // Our clients' sites may include their own Jquery version (e.g. a higher version for some special functionalities), which leads to unexpected conflicts with ours. // To avoid this, we use jQuery.noConflict() to set up $$epiforms as an allias for our jquery and then, revert Jquery allias to clients' by using // epi.EPiServer.Forms.OriginalJQuery whose value is set up as Jquery at the beginning in FormBlockController. // This also allows us to extend our own Jquery's functionalities without causing further conflicts. var $$epiforms = epi.EPiServer.Forms.InjectFormOwnJQuery ? jQuery.noConflict() : jQuery; if (epi.EPiServer.Forms.OriginalJQuery) { jQuery = epi.EPiServer.Forms.OriginalJQuery; delete epi.EPiServer.Forms.OriginalJQuery; } (function () { var externalScript = ["/Util/EPiServer.Forms.Samples/jquery-ui/jquery-ui.min.js","/assets/js/modules/jquery.ui.datepicker-fr-ca.min.js","/assets/js/modules/form/custom-form-validators.min.js","/Util/EPiServer.Forms.Samples/jquery-ui/jquery-ui.min.js","/Util/EPiServer.Forms.Samples/js/EPiServerFormsSamples.js","https://www.google.com/recaptcha/api.js?render=6LcK3bEZAAAAAMF2wpj2euXxBBvZp5fgbflykBQk"], externalCss = ["/Util/EPiServer.Forms.Samples/css/EPiServerFormsSamples.css","/Util/EPiServer.Forms.Samples/jquery-ui/jquery-ui.min.css","/Util/EPiServer.Forms.Samples/jquery-ui/jquery-ui.structure.min.css","/Util/EPiServer.Forms.Samples/jquery-ui/jquery-ui.theme.min.css"]; if (epi.EPiServer.Forms.ExternalScriptSources) { externalScript = epi.EPiServer.Forms.ExternalScriptSources.concat(externalScript); // Remove duplicate items externalScript = externalScript.filter(function (value, index, self) { return self.indexOf(value) === index; }); } if (epi.EPiServer.Forms.ExternalCssSources) { externalCss = epi.EPiServer.Forms.ExternalCssSources.concat(externalCss); // Remove duplicate items externalCss = externalCss.filter(function (value, index, self) { return self.indexOf(value) === index; }); } $$epiforms.extend(true, epi.EPiServer, { CurrentPageLink: "6503", CurrentPageLanguage: "en-CA", CurrentFormLanguage: "en-CA", Forms: { Utils: {}, Data: {}, Extension: {}, Validation: {}, Navigation: {}, Dependency: {}, $: $$epiforms, // save our own link to our own jQuery ThrottleTimeout: 500, // miliseconds ExternalScriptSources: externalScript, ExternalCssSources: externalCss, UploadExtensionBlackList: "asp,aspx,asa,ashx,asmx,bat,chm,class,cmd,com,config,dll,exe,hta,htr,htw,jse,json,lnk,mda,mdb,msc,msh,pif,printer,ps1,ps2,reg,rem,scf,scr,sct,shtm,shtml,soap,stm,svc,url,vb,vbe,vbs,vsix,ws,wsc,wsf,wsh,xamlx,htm,html,js,jar", Messages: {"viewMode":{"malformStepConfiguration":"Improperly formed FormStep configuration. Some steps are attached to pages, while some steps are not attached, or attached to content with no public URL.","commonValidationFail":"This element value is not valid."},"fileUpload":{"overFileSize":"The upload file size should be less than {0} MB.","invalidFileType":"The upload file format is not allowed or not supported.","postedFile":"(Previous posted file(s): {0})"}}, LocalizedResources: {"samples":{"criteria":{"formcriterion":{"category":"Episerver Forms","displayname":"Submitted Form","description":"Checks for form submission by the visitor.","submissionstatus":"Submission status","selectedform":"Selected form"},"submittedvaluecriterion":{"category":"Episerver Forms","displayname":"Submitted Form Value","description":"Checks for form submission value by the visitor.","selectedform":"Selected form","selectedfield":"Selected field","condition":"Condition","value":"Value"}},"datetimepickertype":{"datepicker":"Date picker","timepicker":"Time picker","datetimepicker":"Date time picker"},"confirmationdialog":{"title":"Summary","buttons":{"ok":"OK","cancel":"Cancel"}},"editview":{"requirejsrecaptcha":"JavaScript is required to display reCAPTCHA.","requirejshcaptcha":"JavaScript is required to display hCAPTCHA."},"messages":{"imagesubmitbutton":{"initializationmessage":"This is an image submit button. 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Please contact the administrator for more information."}},"errorformusingdivinnonjsmode":"Form render using div element required js enabled to be able to work properly","error":"Something went wrong. 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