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Operations

Capital Equipment

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.
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Fulfillment

Definition: The process of receiving, packaging and shipping orders for goods
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Importing

Definition: The process of bringing goods from one country for the purpose of reselling them in another country
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Depreciation

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 company books.
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Distribution Models

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 and brokers.
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Business Cycle

Definition: Periods during which a business, an industry or the entire economy expands and contracts
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Economic Development Agency

Definition: An agency whose goal is to help develop and support economic growth within a specified city, region or state by providing necessary resources and assistance
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Inventory

Definition: An itemized list or catalog of the stock of a business
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Packaging

Definition: The wrapping material around a consumer item that serves to contain, identify, describe, protect, display, promote and otherwise make the product marketable and keep it clean
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Permits

Definition: A legal document giving official permission to do something
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Private Label Sales

Definition: Licensing your product to another company to sell under its own name, rather than under yours
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Exporting

Definition: The selling of goods and services produced in one country in another country
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Product Development

Definition: The overall process of strategy, organization, concept generation, product and marketing plan creation and evaluation, and commercialization of a new product
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Relocation

Definition: The movement of a business from one region or location to another
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Return on Investment (ROI)

Definition: A profitability measure that evaluates the performance of a business by dividing net profit by net worth
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Outsourcing

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
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Overhead

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
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Shipping

Definition: The business of sending or transporting goods
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Vehicle Fleet

Definition: Vehicles owned by a company and used for business purposes
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Signage and Sign Permits

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 information.
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Supplier Relationships

Definition: Affiliations with the companies that supply your business with goods and services
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