- Like
- Digg
- Del
- Tumblr
- VKontakte
- Buffer
- Love This
- Odnoklassniki
- Meneame
- Blogger
- Amazon
- Yahoo Mail
- Gmail
- AOL
- Newsvine
- HackerNews
- Evernote
- MySpace
- Mail.ru
- Viadeo
- Line
- Comments
- Yummly
- SMS
- Viber
- Telegram
- Subscribe
- Skype
- Facebook Messenger
- Kakao
- LiveJournal
- Yammer
- Edgar
- Fintel
- Mix
- Instapaper
- Copy Link
Welcome to our comprehensive Glossary of Business Terms, with business words that begin with the letter “S.” 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
Salary
A form of pay given to employees at regular intervals in exchange for the work they have done.
Sales
The activity of selling a company’s products or services, the income generated by this, or the department that deals with selling.
Sales Channel
A means of distributing products to the marketplace, either directly to the end customer, or indirectly through intermediaries such as retailers or dealers.
Salesforce
A group of salespeople or sales representatives responsible for the sales of either a single product or the entire range of an organization’s products.
Sales Forecast
A prediction of future sales, based on past sales performance. Sales forecasting takes into account the economic climate, current sales trends, company capacity for production, company policy, and market research.
Sales Network
The distribution network by which goods and services are sold.
Sales Outlet
A company’s office that deals with customers in a particular region or country
Sales Promotion
Activities, usually short-term, designed to attract attention to a particular product and to increase its sales using advertising and publicity.
Sales Quota
A target set for the sales force stating the number and range of products or services that should be sold.
Sales Representative
A salesperson selling the products or services of a particular organization or manufacturer. Sales representatives are sometimes employed directly by a company as part of the sales force or they may work independently and be employed by contract. Sales reps often represent more than one product line from more than one company and usually work on commission.
Sample
A limited portion of the whole of a group.
Security
The collateral that is promised to a lender as protection in case the borrower defaults on a loan.
Seasonal Business
Trade that is affected by seasonal factors, for example, trade in goods such as suntan products or Christmas trees.
Seed Money
A usually modest amount of money used to convert an idea into a viable business. Seed money is a form of venture capital.
Self-employment
Being in business on one’s own account, either on a freelance basis or by reason of owning a business. and not being engaged as an employee under a contract of employment.
Self-liquidating
Providing enough income to pay off the amount borrowed for financing.
Service Business
A retail business that deals in activities for the benefit of others.
Service Charge
A gratuity usually paid in restaurants and hotels; a fee for any service provided, or an additional fee for any enhancements to an existing service.
Settlement
The payment of a debt or charge.
Setup costs
The costs associated with making a workstation or equipment available for use.
Share
One of the equal parts into which the ownership of a corporation is divided. A “share” represents part ownership in a corporation.
Short-term notes
Loans that come due in one year or less.
Side Hustle
A business or a gig that can be a great way to earn extra money on the side in addition to your primary income. A side hustle is an alternative or additional income stream that is typically done on a part-time basis.
Read the following:
- How to Turn Your Side Hustle into a Full-Time Business
- 4 Reasons Why You Should Start Your Side Hustle
Social Bookmarking
Social networks are collaborative efforts that use democracy and voting to influence the importance of bookmarked items.
Social Listening
Social media listening, or social listening, is a way companies can analyze what is being said about their business on social media platforms. In other words, it is a method that businesses use to paint a picture of the consensus of a company or brand and, in effect, measure brand awareness and overall customer satisfaction with the service.
Read: What is Social Listening and Why Does It Matter?
Social Media
Social media refers to online platforms and websites that enable users to create, share, and interact with content, as well as connect with other users. These platforms encompass a wide range of formats, including social networking sites like Facebook and LinkedIn, microblogging platforms like X (formerly Twitter), multimedia-sharing platforms like Instagram, Pinterest and YouTube, and various other forums and communities where individuals can engage in virtual communication and collaboration.
Social Media Engagement
Social media engagement refers to the interaction and participation between users and content on social media platforms. It encompasses various actions such as likes, comments, shares, follows, mentions, and direct messages, indicating active involvement and interest in the content or brand.
Read: Mastering Social Media Engagement: Strategies to Captivate Your Audience and Drive Market Growth
Social Media Marketing:
Social media marketing involves using social media platforms and strategies to promote products, services, or brands and engage with target audiences. It encompasses creating and sharing content, interacting with followers, running advertising campaigns, and analyzing performance metrics to optimize marketing efforts. Social media marketing aims to leverage the vast reach and interactive nature of social media platforms to build brand awareness, drive website traffic, generate leads, and ultimately increase business sales and revenue.
Read the following:
- A Comprehensive Guide to Promoting Your Business through Social Media Platforms
- How Does Social Media Management Improve Your Business Growth?
Sole Proprietorship
A business legal structure in which one individual owns the business. A business owned by one person, who is entitled to all of its profits and responsible for all of its debts, is considered a sole proprietorship. This legal form is the simplest, providing maximum control and minimum government interference.
Read the following:
Stock
An ownership share in a corporation; another name for a share. Another definition would be accumulated merchandise.
Suppliers
Individuals or businesses that provide resources needed by a company in order to produce goods and services.
Supply Chain
A supply chain is a network between a company and its suppliers to produce and distribute a specific product or service. This network includes activities, people, entities, information, and resources. The supply chain also represents the steps to get the product or service from its original state to the customer. It encompasses everything from raw material gathering to production, transportation, and delivery of products to the final buyers. Efficient supply chain management ensures cost-effectiveness and timely delivery, playing a critical role in customer satisfaction and business success.
Read the following:
- How to Manage Your Supply Chain from Home
- What Are the Top Tips To Follow for Supply Chain Management?
- Benefits of Using a Supply Chain Risk Management Solution for your Business
Supply Chain Visibility
Supply chain visibility involves providing suppliers with access to your inventory information so they can better understand current statuses and plan for future demands. It is crucial for effective communication and inventory planning, helping to prevent issues like stockouts and delivery delays.
Read: Top Ways to Improve the Efficiency of Your Supply Chain
Survey
A research method in which people are asked questions.
- Like
- Digg
- Del
- Tumblr
- VKontakte
- Buffer
- Love This
- Odnoklassniki
- Meneame
- Blogger
- Amazon
- Yahoo Mail
- Gmail
- AOL
- Newsvine
- HackerNews
- Evernote
- MySpace
- Mail.ru
- Viadeo
- Line
- Comments
- Yummly
- SMS
- Viber
- Telegram
- Subscribe
- Skype
- Facebook Messenger
- Kakao
- LiveJournal
- Yammer
- Edgar
- Fintel
- Mix
- Instapaper
- Copy Link