Glossary book 3

Adventage: An Adventage is a quality or condition that helps a company succeed.

Balance sheet: A balance sheet is a document that shows the value of a company at a point in time.

Benchmarking: Benchmarking is a method of investigating successful techniques in an industry and

Brand: A brand is te name and the identify of the product.

Capitalize: If you capitalize on something, you use the situation to your own adventage.

Competitor: A Competitor is a rival in the  same field.

Deal with: To deal with  something means to take action to solve a problem.

Depreciation:  Is the loss of something value over time.

Distribution channel: Is the way you make your product available to customers

Entrepreneurship: Is the ability and willingness to start and manage a new business.

Flop: To flop is to fail

Flyer: A flyer is a piece of paper which advertises your product.

Free trade: Free trade is trade between nations without restrictions of fees.gap: A gap is a space, or a place where nothing exists.

grant: A grantmoney, that someone gives to help with a specific project.

hospitality: hospitality is the act of looking after other people when they visit you.

host: A host is a person who welcomes you when you visit a new place.

Influence: If you Influence someone, you change their mind.

Innovation: An Innovation is a new idea or technology.

highest market share.

Market: A market is a real or virtual place where buyers and sellers trade goods, and services.

Outlet: An outlet is a place that sells products from a particular taks in a company.

Opportunity: An opportunity is a change to do something desirable or useful.

Raw material: Is a natural product, such as wood or oil. It has not been made into another  product.

Recall: A recall is the process of returning faulty goods to a company.

Range: A range is a group of things or products which  are part of a set.

Strive: To strive means to try very hard.

Surplus: A surplus is group of material which you bough, but you not do not need.