Terms starting with: i
Definition: The perception people have of your business when they hear your
company name. A business's image is composed of an infinite variety
of facts, events, personal histories, advertising and goals that
work together to make an impression on the public.
Definition: The process of bringing goods from one country for the purpose of
reselling them in another country
Definition: A document generated monthly and/or annually that reports the
earnings of a company by stating all relevant income and all
expenses that have been incurred to generate that income. Also
referred to as a profit and loss statement.
Definition: To legally form a corporation
Definition: A person hired to do work for another but who is not an employee or
agent of that person. Control is subjected to the end result and
not as to how the work is performed as opposed to an employee who
receives direction on what, when and, to some degree, how to do a
Definition: An interest-earning retirement savings account in which the
allowable contributions and earnings aren't taxed until the funds
are withdrawn, after age 59 1/2.
Definition: A program-length TV commercial (also done sometimes on radio)
that's very similar in appearance to a news program, talk show or
other non-advertising format that provides consumers with in-depth
information on a product or service
Definition: A term that encompasses all forms of technology used to create,
store, exchange and utilize information in its various forms
including business data, conversations, still images, motion
pictures and multimedia presentations
Definition: The first sale of securities (almost always as stock) in a
corporation under the regulations governing a public company
Definition: Protection against loss for which you pay a certain sum
periodically in exchange for a guarantee that you'll be compensated
under stipulated conditions for any specified loss by fire,
accident, death, etc
Definition: The assets you cannot touch or see but that have value. Intangible
assets include franchise rights, goodwill, noncompete agreements
and patents, among others.
Definition: The ownership of ideas. Unlike tangible assets to your business
such as computers or your office, intellectual property is a
collection of ideas and concepts.
Definition: A person, usually a student, participating in a program of
temporary, supervised work in a particular field in order to gain
Definition: An object, process or technique that displays an element of
novelty. In certain circumstances, legal protection may be granted
to an invention by way of a patent.
Definition: An itemized list or catalog of the stock of a business
Definition: An itemized list of goods shipped or services rendered, stating
quantities, prices, fees, shipping charges, etc. Also known as a