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Small Business Encyclopedia

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Category: Business Expansion

Acquisition

Definition: The purchase of one corporation by another, through either the purchase of its shares, or the purchase of its assets

Alliances

Definition: Joining forces with another company or individual to combine talents or strengths in order to attract more business

Franchisable Business

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.

Branch Office

Definition: A smaller, remotely located office that is separate from a company's corporate headquarters

Diversification

Definition: A risk-reduction strategy that involves adding product, services, location, customers and markets to your company's portfolio

Business Broker

Definition: A professional who assists in the buying and selling of businesses

Buying a Business

Definition: An alternative to starting a business from scratch or buying a business opportunity that involves purchasing an existing business for sale

Mergers

Definition: The combination of one or more corporations, LLCs, or other business entities into a single business entity; the joining of two or more companies to achieve greater efficiencies of scale and productivity

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About Encyclopedia

No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our "Terms A - Z" list makes tracking down terms a snap.