BUSINESS MANAGEMENT

Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively.

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BUSINESS MANAGEMENT SYSTEM

A set of tools for strategic planning and tactical implementation of policies, practices, guidelines, processes and procedures that are used in the development, deployment and execution of business plans and strategies and all associated management activities.

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BUSINESS MATTER ANNOTATION

Comments on business matters that were handled and stored on a record. These are matters that also require use of the record which also follow up with the action(s) taken after the record was created.

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BUSINESS INCOME

The sum of all income and expenses which are the result of a business operated by the trust or estate.

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BUSINESS MIX

The variety of guest types at a hotel that together make up the hotel’s clientele. A typical business mix might be part business travelers, leisure travelers and convention business.

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BUSINESS INCUBATOR

Programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts.

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BUSINESS MODEL

A design for the successful operation business, identifying revenue sources, customer base, products, and details of financing.

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BUSINESS FRANCHISE TAX

A franchise tax is charged by a state to corporations and other business entities (LLCs in some states).

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BUSINESS FUNCTION

Something an enterprise does, or needs to do, in order to achieve its objectives.

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