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Welcome to our comprehensive Glossary of Business Terms, with business words that begin with the letter “V.” 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
Value added
Originally, the difference between the cost of bought-in materials and the eventual selling price of the finished product
Value-added tax
A tax added at each stage in the manufacture of a product. It acts as a replacement for a sales tax in almost every industrialized country outside North America.
Variable
An element of data whose changes are the object of a statistical study
Variable annuity
An annuity whose payments depend either on the success of investments that underlie it, or on the value of the index
Variable cost
A cost of production that is directly proportional to the number of units produced
Variable interest rate
An interest rate that changes, usually in relation to a standard index, during the period of the loan
Variance
The square of a standard deviation; a measure of the difference between actual performance and forecast, or standard, performance.
Venture capital
Money used to finance new companies or projects, especially those with high earning potential and high risk.
Venture Funding
The round of funding for a new company that follows seed funding provided by venture capitalists.
Venture Management
The collaboration of various sections within an organization to encourage the entrepreneurial spirit, increase innovation, and produce successful new products more quickly
Verbal Contract
An agreement that is oral and not written down. It remains legally enforceable by the parties who have agreed to it.
Vertical Market
A market that is oriented to one particular specialty, for example, plastics manufacturing or transportation engineering
Viral Marketing
The rapid spread of a message about a new product or service in a similar way to the spread of a virus
Virtual Call Center
A virtual call center operates on the internet using cloud technology, eliminating the need for agents to come to a particular place for work. It’s like running a call center remotely, using cloud-based software that lets various call center agents perform tasks like collaborating, placing calls, and analyzing call statistics.
Read: What is a Virtual Call Center and Why Do People Start Them?
Virtual Organization
A temporary network of companies, suppliers, customers, or employees, linked by information and communications technologies, with the purpose of delivering a service or product.
Virus
A computer program designed to damage or destroy computer systems and the information contained within them
Vision Statement
A statement giving a broad, aspirational image of the future that an organization is aiming to achieve.
Vlog
Comes from the phrase “video blog”. This is a blog that mainly publishes video content rather than audio content. Video podcasting is sometimes called vodcasting.
Voting rights
The rights that shareholders have to vote on matters affecting a corporation
Volume
An amount or quantity of business; the volume of a business is the total it sells over a period of time.
Vulture Capitalist
A venture capitalist who structures deals on behalf of an entrepreneur in such a way that the investors benefit rather than the entrepreneur
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