Terms starting with: f
Definition: A financing method in which a business owner sells accounts
receivable at a discount to a third-party funding source to raise
Definition: A federal law enforcing minimum standards that employers must abide
by when hiring employees
Definition: A business actively owned and/or managed by more than one member of
the same family
Definition: The 1993 law that entitles a covered employee to take up to 12
weeks of leave in a 12-month period for the birth or adoption of a
child or the serious health condition of the employee or the
employee's child, spouse or parent
Definition: A legal document showing the operating name of a company, as
opposed to the legal name of the company. In the case of a
corporation, a fictitious business name is any name other than the
corporate name stated in its articles of incorporation.
Definition: Estimates of the future financial performance of a business
Definition: A written report of the financial condition of a firm. Financial
statements include the balance sheet, income statement, statement
of changes in net worth and statement of cash flow.
Definition: An accounting system used to value inventory for tax purposes.
Under FIFO, inventory is valued at its most recent cost.
Definition: Arrangements that allow employees to have a more variable schedule
as opposed to complying with the standard 8-hour workday
Definition: A controlled group interview of a target audience demographic,
often led by a facilitator. A set series of questions or topics are
covered, and the results are used to guide marketing efforts.
Definition: A business that has the potential to be sold as a franchise
opportunity, generally having the following characteristics: It is
established, offers a unique concept, is teachable and can provide
an adequate return to potential franchisees.
Definition: A continuing relationship in which a franchisor provides a licensed
privilege to the franchisee to do business and offers assistance in
organizing, training, merchandising, marketing and managing in
return for a monetary consideration. Franchising is a form of
business by which the owner (franchisor) of a product, service or
method obtains distribution through affiliated dealers
Definition: Monies, usually in the form a loan, that a business owner gets from
either family members or friends in order to help finance their
startup or growing business
Definition: The process of receiving, packaging and shipping orders for goods