What Is a Business Credit Score? A business credit score is a number that indicates whether a company is a good candidate to receive a loan or become a business customer. Credit scoring firms calculate business credit scores, also called commercial credit scores, based on a company’s credit obligations and repayment histories with lenders and suppliers; any legal filings
What Is Business Crime Insurance? Business crime insurance, also known as commercial crime insurance, is a type of insurance policy that a business can buy to protect itself from losses from business-related crime. Protection through the policy can cover cash, assets, merchandise, or other property loss when someone perpetrates fraud, embezzlement, forgery, misrepresentation, robbery, theft, or any other type of business-related crime
What Is a Business Cycle? Business cycles are a type of fluctuation found in the aggregate economic activity of a nation — a cycle that consists of expansions occurring at about the same time in many economic activities, followed by similarly general contractions (recessions). This sequence of changes is recurrent but not periodic. The business
What Is Business Economics? Business economics is a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations. Business economics assesses certain factors impacting corporations—business organization, management, expansion, and strategy—using economic theory and quantitative methods. Research topics in the field of business economics might include how and why corporations expand, the impact of
What Is a Business Ecosystem? A business ecosystem is the network of organizations—including suppliers, distributors, customers, competitors, government agencies, and so on—involved in the delivery of a specific product or service through both competition and cooperation. The idea is that each entity in the ecosystem affects and is affected by the others, creating a constantly evolving
What Is Business Ethics? Business ethics studies appropriate business policies and practices regarding potentially controversial subjects, including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary responsibilities, and much more. The law often guides business ethics, but at other times business ethics provide a basic guideline that businesses can follow to gain public approval. Key
What Are Business Expenses? Business expenses are costs incurred in the ordinary course of business. They can apply to small entities or large corporations. Business expenses are part of the income statement. On the income statement, business expenses are subtracted from revenue to arrive at a company’s taxable net income. Business expenses may also be
What Is a Business Guarantee? The term “business guarantee” refers to credit cards in which the business itself—rather than its individual owners or employees—is responsible for repaying the debts incurred. Business guarantees are commonly when businesses issue company credit cards to their employees. When applying for such cards, the credit card company will first evaluate
What Is Business Insurance? Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks. Companies evaluate their insurance needs based on potential risks, which can vary depending on the
What Is Business Intelligence (BI)? Business intelligence (BI) refers to the procedural and technical infrastructure that collects, stores, and analyzes the data produced by a company’s activities. BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports
