FINANCE AND BUSINESS VOCABULARY

An individual who owns and operates a business alone, responsible for all profits and debts.

A business arrangement where two or more individuals share ownership, profits, losses, and responsibilities.

• Partnership

• Mortgage

• Borrower

A business structure where owners (members) have limited personal liability for the company's debts and actions.

Financial records of a company's transactions, including income, expenses, assets, and liabilities.

Legally binding agreements between two or more parties outlining their rights and obligations.

The process of gathering, analyzing, and interpreting information about a market, including information about the target audience, competitors, and industry trends.

Individuals, companies, organizations, or entities that hire and pay people to work for them.

The legal process in which an individual, business, or organization is declared unable to repay their outstanding debts.

The complete process of bringing a new product to market or improving an existing product to better meet customer needs. This process encompasses a wide range of activities, from conceptualization and design to production, marketing, and launch.

The process of introducing a new product or service to the market. This stage is critical in the product development cycle and involves various activities aimed at generating awareness, interest, and initial sales.