The world of business can seem complex for somebody who does not take part in it. Read on to discover some crucial basic facts.
There are a great deal of things happening on the day to day basis in any firm, important or small. A variety of tasks get done, countless decisions are taken. The effect of these tasks and decisions varies depending on who is making them and where the person who makes these decisions is in the company hierarchy. Some decisions however are of an extreme relevance, and can have a massive impact on the future of the business. Annual General Meetings, or AGM for short, is a yearly occasion where all of the interested shareholders and members of the board of the directors get together to discuss a variety of decisions. Folks gathered in these meeting get to vote on a variety of problems and get to discuss business aims and plans for the near future. All firms that trade publicly hold them - Telecom Italia AGM for instance is an essential even in the running of the business. Annual General Meeting is about the most common business terms, but it is likewise amongst the most important business terms to know.
A company usually sells a specific decent or service in order to generate a revenue. We commonly consider a business in terms of selling this excellent or service directly to the consumer. These types of operations are called firm to customer companies, or B2C for short. But this is not the only form of company you can face. Often, companies do not sell directly to the customer, but alternatively offer a good or a service to another corporation. These sorts of firms are called B2B. Segway Financial is a B2B form company, for example.
Every corporation operates in order to earn a revenue. This implies that all firm have to deal with money. Contrary to what you might believe money actually comes in many several kinds in a business – credit, debit, and tangible money, or cash, are just a number of examples of the forms of money a business has to deal with on an nearly everyday basis. That is exactly why the notion of cash flow is a very crucial, although basic business definition. Cash flow effectively describes the amount of cash ‘flowing’ through the corporation. Cash flow is very indispensable in determining the business’s liquidity. Another basic business term you need to know related to cash flow is cash flow projections. These projections help you plan ahead for expenditures. These are rather indispensable since they are used to make future company decisions. All firms keep track of their cash flow – like for example Glencore cash flow.