Small Business Encyclopedia
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No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our Terms A - Z list makes tracking down terms a snap.

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Popular Terms

Sole Proprietorship

Definition: A business that legally has no separate existence from its owner. Income and losses are taxed on the individual's personal income tax return.

Pricing a Product

Definition: To establish a selling price for a product.

Competitive Analysis

Definition: Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service.

Network Marketing

Definition: A business model in which a distributor network is needed to build the business. Usually such businesses are also multilevel marketing in nature in that payouts occur at more than one level.

Partnership

Definition: A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. The two most common are general and limited partnerships.

Market Research

Definition: The process of gathering, analyzing and interpreting information about a market, about a product or service to be offered for sale in that market, and about the past, present and potential customers for the product or service; research into the characteristics, spending habits, location and needs of your business's target market, the industry as a whole, and the particular competitors you face.

Popular Articles

Business News

Mark Zuckerberg Sounds Off on Developing AI: 'I Don't Think AI Technology Is a Thing That Should Be Hoarded'

Meta's CEO spoke about AI's future during an interview with YouTuber, Kalloway.

By Emily Rella

Business News

Wells Fargo Analysts Tested 75 Bowls at Chipotle — and the Portion Sizes Were Wildly Inconsistent

Zachary Fadem and a team of analysts ordered the same bowl 75 times at eight different NYC restaurants.

By Emily Rella

Business News

Warren Buffett Just Changed Up His Will and Locked Out the Bill & Melinda Gates Foundation

Buffett still donated over nine million Berkshire Hathaway shares to the foundation, but the contributions will only continue during his lifetime.

By Sherin Shibu

Franchise

A Buddy's Franchise is Built for Success in a Recession Resistant Industry

Over the past six decades Buddy's has refined a proven operating model and established relational equity with its customers. With best-in-class training, support and service, franchisees have peace of mind knowing that they are being set up for success.