Customer to Customer (C2C)

• A kiosk is a small temporary self-contained booth used in high traffic areas for marketing purposes.

• Medium-sized businesses make up about one-third of the US economy.

• A third party transaction often involves a seller, a buyer, and an additional party not related to the others.

• 8(a) firms are small businesses that are owned and controlled by socially and economically disadvantaged individuals.

• Choice 83(b) is an Internal Revenue Code (IRC) provision that gives an employee or startup founder the ability to pay taxes on the total fair market value of the restricted shares at the time of grant.

• The Acceptable Quality Level (AQL) is the worst quality level allowed for a product.

• An affiliate is a company in which a minority stake is owned by a larger company.

• The agency theory attempts to explain and resolve disputes about the respective priorities between principals and their agents.

• Annual General Meeting (AGM) – the annual meeting of the interested shareholders of the company.

• Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.

• The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.

• The memorandum of association is the documents filed with a government body (usually the state), which means the creation of a corporation.

• Assembly to order (ATO) is a business strategy in which products are quickly produced from components after order confirmation.

A cession is a transfer of rights or property from one person to another.#

• Assortment strategy is a strategic sales tool for the retail industry, optimizing the range of products offered for sale.

• Attrition occurs when the workforce in a company is reduced as people leave and are not replaced.

• The Balanced Scorecard is a performance metric used to define, improve, and monitor various business functions and results.

• In a horizontal financial analysis, the figures for the first reporting period serve as the basis for comparing subsequent periods.

• Batch processing is a method of automating and processing multiple transactions as a single group.

• Best practices are operating standards or ethical principles that provide the best course of action in a given situation.

• The Board of Governors is a group of people appointed to oversee the activities of an organization, including financial matters.

• A standard language is a single text that can be found in various standard documents such as contracts.

• Bootstrapping is the creation and management of a company using only personal finance or operating income.

• Traditional business refers to a traditional business that has a physical store or stores where customers browse and shop in person.

• A brown bag meeting is an informal meeting that takes place in the workplace, usually at lunchtime.