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Target Market

Definition: A specific group of consumers at which a company aims its products and services
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Tax Deductions (aka Standard Business Tax Ded

Definition: The costs of doing business that are tax-deductible to the full extent of the law
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Taxes

Definition: Sums imposed by a government authority upon persons or property to pay for government services
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Taxpayer ID Number

Definition: A 9-digit number obtained from the IRS by a business with paid employees. If you're a sole proprietorship, your taxpayer ID number is your social security number.
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Telecommuting

Definition: The practice of working from home for a business and communicating through the use of a personal computer equipped with modem and communications software
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Telemarketing

Definition: Use of the telephone to market goods or services directly to prospective customers
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Television Advertising

Definition: Ten- to 60-second commercials on network TV stations
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Temporary Workers

Definition: Employees who are not permanently hired but hired just for limited periods of time
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Term Loan

Definition: A loan for equipment, real estate and working capital that's paid off like a mortgage for between one year and ten years
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Terminating an Employee

Definition: A document that outlines the procedures involved when employees are fired, with or without cause
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Trade Association

Definition: An organization that represents the interests of the member firms of an industry
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Trade Credit

Definition: An arrangement to buy goods or services on account, that is, without making immediate cash payment
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Trade Secrets

Definition: Information used by a business, which can be legally protected that is secret to the general public and is critical to the livelihood and success of a business
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Trade Shows

Definition: An exhibition for companies in a specific industry to showcase and demonstrate their new products and services. Generally trade shows are not open to the public and can only be attended by company representatives and members of the press. Also, an exhibition of businesses offering franchises and/or business opportunity packages for sale.
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Trademark

Definition: Any symbol, word or combination thereof used to represent or identify a product. A service mark means the same thing, but identifies a service.
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Training Programs

Definition: Programs designed for training employees in specific skills
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