What is vector art? Vector art is a type of digital file which stores visual information using mathematical algorithms. Vector files...

What is a target market? A target market is the group of consumers most likely to purchase a company’s products or services. This becomes...

What is a copyright? A copyright is a form of intellectual property protection that gives creators exclusive rights to copy, display,...

What is compensation? Compensation is the payment that an employer distributes to their workers in exchange for the time and services...

What is a capital expenditure? Also known as capital expenses or CapEx, a capital expenditure is the amount a company invests in...

What is a call-to-action (CTA)? A call-to-action (also known as a CTA) is a short marketing message intended to motivate users to take a...

What is a private label? Private labels, more colloquially known as “store brands,” are the lines of products retailers create to sell...

What is a tariff? A tariff, sometimes referred to as a duty or levy, is a form of taxation imposed by one country on goods or services...

What is a business proposal? A business proposal is a sales document written by a company to convince a prospective client to award them...

What is a sole proprietorship? A sole proprietorship is a type of business owned by one individual where the legal responsibility lies...

What is a business plan? A business plan is a document that outlines the purpose, strategy, financial profile and future revenue...

What is social entrepreneurship? Social entrepreneurship is a way of doing business in an effort to make changes in the world through...

What is a business license? Within the United States, a business license is a legal document that grants a business permission to...

What is segmentation? Segmentation is a way to think about an audience with shared characteristics. In business terms, the objective of...

What is an expense report? An expense report lists all the business-related purchases made by an employee or a company in a specific time...

What is benchmarking? Benchmarking is the process of evaluating company performance, either internally or externally. Business...

What is a human resource? A human resource is one singular employee. Therefore, human resources describes all people who work for a...

What is human resource management? Human resource management (HRM) is the component of an organization dedicated to the recruitment and...

What are angel investors? Angel investors are affluent individuals, or groups of individuals, who invest their own capital in early-stage...

What is a sales tax? A sales tax is the percentage of the price of goods or services that is added to the final cost of the item when...