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Welcome to our comprehensive Glossary of Business Terms, with business words that begin with the letter “T.” 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
Here are some business terms that start with the letter T
Tags
Descriptive keywords that are used to classify and categorize items or URLs on social networks. In content management systems such as WordPress, tags provide a useful way to group related posts together.
Take-home Pay
The amount of pay an employee receives after all the deductions, such as income tax, social security, or pension, contributions.
Takeover
The acquisition of one company by another.
Talent
People with exceptional abilities, especially a company’s most valued employees.
Target market
A target market is a specific group of consumers or organizations most likely to buy a company’s products or services. The specific individuals, distinguished by socio-economic, demographic and interest characteristics, who are the most likely potential customers for the goods and services of a business. This group shares certain characteristics, such as demographics, geographic location, interests, needs, or behaviors. By identifying a target market, businesses can tailor their marketing strategies and products to meet the unique needs and preferences of this group.
Target markets are essential for effective marketing because they help companies focus their resources on the customers most likely to make a purchase, thereby increasing the efficiency and effectiveness of their marketing efforts. Identifying a target market helps businesses create more relevant and compelling messages, products, and services, ultimately improving customer satisfaction and business performance.
Read the following:
Target marketing
Selecting and developing a number of offerings to meet the needs of a number of specific market segments.
Tariff
A government duty imposed on imports or exports to stimulate or dampen economic activity.
Tax
A governmental charge that is not a price for a good or service
Taxable
Subject to tax.
Tax Bracket
A range of income levels subject to marginal tax at the same rate.
Tax Incentive
A tax reduction afforded to people for particular purposes, for example, sending their children to college
Tax Refund
An amount that a government gives back to a taxpayer who has paid more taxes than were due.
Tax Return
An official form on which a company or individual enters details of income and expenses, used to assess tax liability.
Tax shelter
A financial arrangement designed to reduce tax liability.
Tax subsidy
A tax reduction that a government gives a business for a particular purpose, usually to create jobs.
T-Bill
A debt instrument of the U.S. government. (Treasury Bill)
Team Player
Somebody who works well within a team.
Teamwork
Collaboration by a group of people to achieve a common purpose.
Telebanking
Electronic banking carried out by using a telephone line to communicate with a bank.
Telecommute
To work without leaving your home by using telephone lines to carry data between your home and your employer’s place of business.
Telemarketing
Telemarketing is the marketing of goods or services directly to the consumer via the telephone. It is a direct marketing strategy where a salesperson solicits potential customers to buy products, subscriptions, or services, primarily over the telephone. It involves contacting, vetting, and approaching potential customers and can also include recorded sales pitches or automated telephone calls. Telemarketing is used by companies to reach out to prospective customers directly, often to market goods or services, conduct surveys, or gather information. This practice can be inbound (where customers call the company) or outbound (where the salesperson initiates the call to potential customers). Telemarketing is a common tool in the business world, offering a direct line of communication to customers but is also subject to regulations to protect consumers from unwanted calls.
Read the following:
- A Strong Connection: How to Improve Your Telemarketing Tactics
- Best Practices for Lead Generation in Telemarketing
Telephone Survey
A research technique in which members of the public are asked a series of questions on the telephone
Tender
To make or submit a bid to undertake work or supply goods at a stated price. A tender is usually submitted in response to an invitation to bid for a work contract in competition with other suppliers.
Terms of Sale
The conditions concerning payment for a purchase.
Terms of Trade
A ratio to determine whether the conditions under which a country conducts its trade are favorable or unfavorable
Test Marketing
The use of a small-scale version of a marketing plan, usually in a restricted area or with a small group, to test marketing strategy for a new product.
Think Tank
An organization or group of experts researching and advising on issues of society, science, technology, industry, or business.
Total Addressable Market (TAM)
Total Addressable Market (TAM) refers to the overall revenue opportunity available or market demand for a product or service. In simpler terms, it’s an estimation of the maximum amount of revenue a business can possibly generate in a specific market. TAM helps businesses understand the full potential of the market they are entering or operating in. It considers everyone in the potential market who might buy the product or service, giving an idea of the upper limit of the market’s size and potential growth opportunities. This concept is crucial for business planning, investment decisions, and understanding the scope of a market’s expansion possibilities.
Trade Barrier
A condition imposed by a government to limit free exchange of goods internationally.
Trade Credit
Permission to buy from suppliers on open account.
Trade-fair
A commercial exhibition designed to bring together buyers and sellers from a particular market sector.
Trademark
An identifiable mark on a product that may be a symbol, words, or both, that connects the product to the trader or producer of that product.
Turnkey Contract
An agreement in which a contractor designs, constructs, and manages a project until it is ready to be handed over to the client and operation can begin he conditions concerning payment for a purchase
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- Evernote
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- Mail.ru
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- Yummly
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