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Welcome to our comprehensive Glossary of Business Terms, with business words that begin with the letter “I.” In the complex and ever-evolving business world, staying informed about the latest terms and concepts is crucial for professionals across various industries.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
IMF
International Monetary Fund, the organization that industrialized nations have established to reduce trade barriers and stabilize currencies, especially those of less industrialized nations.
Impaired Capital
A company’s capital that is worth less than the par value of its stock.
Import
A product or service brought into another country from its country of origin either for sale or for use in manufacturing.
Impression
A measure of the number of times an online advertisement is viewed.
Incentive Program
An award or reward scheme designed to improve sales force or retail performance.
Income Redistribution
A government policy that seeks to restrain increases in wages or prices by regulating the permitted level of increase.
Income Statement
A financial document that shows how much money (revenue) came in and how much money (expense) was paid out.
Income Tax
A tax levied directly on the income of a person or a company and paid to the local, state, or federal government.
Income Tax Return
A form used for reporting income and computing the tax due on it.
Income Statement
A financial document that shows how much money (revenue) came in and how much money (expense) was paid out.
Indirect Channel
The selling and distribution of products to customers through intermediaries such as wholesalers, distributors, agents, dealers, or retailers.
Indirect Cost
A fixed or overhead cost that cannot be attributed directly to the production of a particular item and is incurred even when there is no output.
Inflation
A sustained increase in a country’s general price level that devalues its currency is often caused by excess demand in the economy.
Influencer
An influencer is an individual who has established credibility, authority, and a significant following in a specific niche or industry, typically through expertise, authenticity, or a captivating personality. They leverage their online presence, often through social media platforms, blogs, or other digital channels, to engage with their audience, shape opinions, promote products or services, and influence purchasing decisions. Influencers can range from celebrities to micro-influencers, and their impact extends across various fields, including fashion, beauty, lifestyle, fitness, technology, and more.
Influencer Marketing
Influencer marketing is a marketing strategy involving collaborating with individuals with a significant following and influence on social media to promote products, services, or brands to their audience. This form of marketing leverages the influencer’s credibility, authority, and trust with their audience to drive awareness, engagement, and conversions for the brands they endorse. Influencer marketing is valued for reaching target audiences effectively and authentically through trusted voices within specific communities or industries.
Read: How to Work With Influencers: An influencer Marketing Guide
Infomercial
A television or cinema commercial that includes helpful information about a product as well as advertising content.
Initial Public Offering
The first instance of making particular shares available for sale to the public.
Insolvency
The inability to pay debts when they become due. Insolvency will apply even if total assets exceed total liabilities, if those assets cannot be readily converted into cash to meet debts as they mature. Even then, insolvency may not necessarily mean business failure. Bankruptcy may be avoided through debt rescheduling or turnaround management.
Income Statement
A financial document that shows how much money (revenue) came in and how much money (expense) was paid out.
Insurance
An arrangement in which individuals or companies pay another company to guarantee them compensation if they suffer loss resulting from risks such as fire, theft, or accidental damage.
Intellectual Property
The ownership of rights to ideas, designs, and inventions, including copyrights, patents, and trademarks. Intellectual property is protected by law in most countries, and the World Intellectual Property Organization is responsible for harmonizing the law across different countries and promoting protection of intellectual property rights.
Interest
The rate that a lender charges for the use of money that is a loan.
Interest Rate
The amount of interest charged for borrowing a particular sum of money over a specified period of time.
Income Statement
A financial document that shows how much money (revenue) came in and how much money (expense) was paid out.
Internet
The vast collection in inter-connected networks that provide electronic mail and access to the World Wide Web.
Inventory
A list of assets being held for sale, The stock of finished goods, raw materials, and work in progress held by a company.
Invest
To lay out money for any purpose from which a profit is expected.
Investment
The spending money on stocks, shares, and other securities, or on assets such as plant and machinery.
Invisible Exports
The profits, dividends, interest, and royalties received from selling a country’s services abroad.
Invoice
A document that a supplier sends to a customer detailing the cost of products or services supplied and requesting payment.
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