Definition:Equipment that you use to manufacture a product, provide a service
or use to sell, store and deliver merchandise. This equipment has
an extended life so that it is properly regarded as a fixed asset.
Definition:An expense item set up to express the diminishing life expectancy
and value of any equipment (including vehicles). Depreciation is
set up over a fixed period of time based on current tax regulation.
Items fully depreciated are no longer carried as assets on the
Definition:The manner in which goods move from the manufacturer to the outlet
where the consumer purchases them; in some marketplaces, it's a
very complex channel, including distributors, wholesaler, jobbers
Definition:The practice of having certain job functions done outside a company
instead of having an in-house department or employee handle them;
functions can be outsourced to either a company or an individual
Definition:The indirect costs or fixed expenses of operating a business (that
is, the costs not directly related to the manufacture of a product
or delivery of a service) that range from rent to administrative
costs to marketing costs
Definition:Any publicly displayed information that's presented in the form of
words, symbols and/or pictures and is designed to advertise your
business. Sign permits provide legal permission to post such
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.