Business Terminology

2. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities
3. exchange (goods or services) for other goods or services without using money.
5. the state of being responsible for something, especially by law.
6. a risky or daring journey or undertaking.
7. a part or portion of a larger amount which is divided among a number of people, or to which a number of people contribute.
11. an open space where a market is or was formerly held in a town.
16. the using up of a resource.
17. a manager within a company who promotes innovative product development and marketing.
18. something, typically money, that is owed or due.
19. the action of making or manufacturing from components or raw materials, or the process of being so manufactured.
22. (of a person) introducing new ideas; original and creative in thinking.
24. a first, typical or preliminary model of something, especially a machine, from which other forms are developed or copied.

1. an entry recording an amount owed, listed on the left-hand side or column of an account.
4. the state of being a partner or partners.
7. partial ownership in a company, offering a claim on its earnings and assets.
8. examine and record the area and features of (an area of land) so as to construct a map, plan, or description.
9. a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
10. Revenue is the total income generated from a business's primary operations
12. can refer to the city where a government is located
13. make (something needed or wanted) available to someone; provide.
14. the exclusive possession or control of the supply of or trade in a commodity or service.
15. a useful or valuable thing, person, or quality.
16. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
20. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
21. the activity or condition of competing.
23. a right to keep possession of property belonging to another person until a debt owed by that person is discharged.