term1 Definition1term2 Definition2term3 Definition3
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Front (Term)
Adding value
Back (Definition)
The process through which a business increases the worth of resources included in a product so that customers perceive the product to be worth more than the cost of inputs.
Adviser
An external contact of a business that provides support and advice, sometimes for free
Bank loan
A fixed amount loan from a bank which is generally used to finance long term assets
Bank overdraft
Borrowings from a bank on a current account which are repayable on demand, allowing you to go into a negative balance
Budget
A detailed plan of income and expenses expected over a certain period of time
Business angel
A particular type of investor, usually a successful entrepreneur, who is willing to invest in high-risk, high-growth firms at a very early stage
Business plan
A detailed description of a new or existing business, including the company's strategy, aims and objectives, marketing and financial plan
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