Strategies to Succeed in Business

[align=left][b][size=3]Business is the activity of obtaining and selling products or services on a continuing basis. Knowledge of business principles is important to anyone trying to earn a living or make money in some enterprise or commercial activity. There is a need for people who can effectively run or operate a business. Your knowledge and skills in this area can help advance your career or improve your business.[/size][/b][/align][align=left][b][size=3][/size][/b] [/align][align=left][b][size=3]There are various words and terms used in business that should be completely understood. The following list [/size][/b][b][size=3]defines major terms. The list is by no means comprehensive, but it gives a good background on what certain [/size][/b][b][size=3]words mean in business. It is worthwhile to understand the terms used.[/size][/b][/align][align=left][b][u][size=3][/size][/u][/b] [/align][align=left][b][u][size=3]Basic terms[/size][/u][/b][/align][align=left][b][size=3][color=red][u]A business[/u][/color]: [/size][/b][/align][align=left][b][size=3]An organization or organized effort that operates with the objective of earning a profit from the sale of goods or services[/size][/b][/align][align=left][b][size=3][color=red][u]Alliance[/u][/color]: [/size][/b][/align][align=left][b][size=3]Close association of groups or businesses[/size][/b][/align][align=left][b][size=3][color=red][u]Business[/u][/color]: [/size][/b][/align][align=left][b][size=3]The activity in which you do to earn money (i.e. "I'm in the computer business.")[/size][/b][/align][align=left][b][size=3][u][color=red]Client[/color][/u]: [/size][/b][/align][align=left][b][size=3]A regular customer that receives your professional services[/size][/b][/align][align=left][b][size=3][color=red][u]Commerce[/u][/color]: [/size][/b][/align][align=left][b][size=3]The buying and selling of goods[/size][/b][/align][align=left][b][size=3][color=red][u]Company[/u][/color]: [/size][/b][/align][align=left][b][size=3]Usually considered a business that has employees.[/size][/b][/align][align=left][b][size=3][u][color=red]Contract[/color][/u]: [/size][/b][/align][align=left][b][size=3]A formal agreement to do work for pay[/size][/b][/align][align=left][b][size=3][u][color=red]Consultant[/color][/u]: [/size][/b][/align][align=left][b][size=3]A person hired to give advice to business management[/size][/b][/align][align=left][b][size=3][color=red][u]Contractor[/u][/color]: [/size][/b][/align][align=left][b][size=3]One who agrees to do perform a service or deliver a product for a price[/size][/b][/align][align=left][b][size=3][color=red][u]Customer[/u][/color]: The person or company that purchases and pays for product or service; note that the customer may not be the user of the product; also note that some companies think in terms of internal and external customers[/size][/b][/align][align=left][b][size=3][color=red][u]Delivery[/u][/color]: [/size][/b][/align][align=left][b][size=3]When the product is delivered to the customer or the job is completed[/size][/b][/align][align=left][b][size=3][color=red][u]e-Commerce[/u][/color]:[/size][/b][/align][align=left][b][size=3]Buying and selling done over the Internet[/size][/b][/align][align=left][b][size=3][color=red][u]Employee[/u][/color]: [/size][/b][/align][align=left][b][size=3]A person working for a company[/size][/b][/align][align=left][b][size=3][color=red][u]Enterprise[/u][/color]: [/size][/b][/align][align=left][b][size=3]An industrious, systematic activity, especially when directed toward profit; A business [/size][/b][/align][align=left][b][size=3]organization[/size][/b][/align][align=left][b][size=3][color=red][u]Firm[/u][/color]: [/size][/b][/align][align=left][b][size=3]A commercial partnership of two or more people, especially when unincorporated[/size][/b][/align][align=left][b][size=3][u][color=red]Internal customer[/color][/u]: [/size][/b][/align][align=left][b][size=3]The person or department within a company that provides you or your area with money [/size][/b][/align][align=left][b][size=3]in exchange for delivery of products or services[/size][/b][/align][align=left][b][size=3][color=red][u]Marketing[/u][/color]: [/size][/b][/align][align=left][b][size=3]The commercial functions involved in transferring goods from producer to consumer[/size][/b][/align][align=left][b][size=3][u][color=red]Product[/color][/u]: [/size][/b][/align][align=left][b][size=3]Something produced; goods[/size][/b][/align][align=left][b][size=3][color=red][u]Proposal[/u][/color]: [/size][/b][/align][align=left][b][size=3]A formal document given to customer that outlines proposed work to be done by [/size][/b][/align][align=left][b][size=3]the business[/size][/b][/align][align=left][b][size=3][u][color=red]ROI[/color][/u]: [/size][/b][/align][align=left][b][size=3]Return-on-investment; how much money a business gets from a capital investment that is intended to improve profits[/size][/b][/align][align=left][b][size=3][color=red][u]Service[/u][/color]: [/size][/b][/align][align=left][b][size=3]Work done for others; changing the state of a product, which is then delivered; [/size][/b][/align][align=left][b][size=3]for example, cleaning a dirty floor results in "delivering" a clean floor to the customer[/size][/b][/align][align=left][b][size=3][color=red][u]Supplie[/u]r[/color]: [/size][/b][/align][align=left][b][size=3]The person or company that provides goods or services needed to do your job[/size][/b][/align][align=left][b][size=3][u][color=red]User[/color][/u]: [/size][/b][/align][align=left][b][size=3]The person or company that uses a purchased product or service; could also be called the consumer[/size][/b][/align]

Reply #2 mico1020's post

Actually I love english. I wanna help everyone with some useful knowledge.
9y`|c!FLK'S If somebody gets benefitted from my threads,:victory: then i feel happy.:) P t(l?\E-D
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Thanks Mico.

i  also love english very much,and try to improve it everyday ,this is my first time enter this english forum and i hope i can read lz's english story everyday.

i hope to improve my english as well as my technic in foreign trade.

Reply #4 sopeace's post

most welcome.

I  want   to improve  my  English  too
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S                                       Every   day    enter    this    area  (pV!K#u,B"t6?
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                       we   will     have   achievement  together

I love trade ,love english ,but both are poor now.I hope I can learm some from your share.Thank you