Category: Definitions

Most common business terminologies

Sales cycle

The sales cycle is the process of identifying, qualifying, and closing a sale. It is a series of steps that a salesperson takes to move...

Prospecting

Prospecting is the process of identifying and qualifying potential customers for your business. It is the first step in the sales process and is essential...

Lead generation

Lead generation is the process of identifying and qualifying potential customers for your business. It is the first step in the sales process and is...

Cold calling

Cold calling is the process of making unsolicited phone calls to potential customers. It is a common sales technique, but it can be challenging and...

Sales

Sales is a term that refers to the activities involved in selling a product or service to a consumer or business. Sales can also refer to...

Supply chain management (SCM)

Supply chain management (SCM) is the process of planning, organizing, and managing the flow of goods and services from the point of origin to the...

Manufacturing

Manufacturing is the process of converting raw materials into finished goods. It is a complex process that involves many different steps, including: Manufacturing is a...

Inventory management

Inventory management is the process of ordering, storing, and using inventory. It is a critical part of any business, as it can help to ensure...

Branding

Branding is the process of creating a unique identity for a product or service in the minds of consumers. It involves developing a name, logo,...

Marketing

Marketing is the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. It is a...

Software development

Software development is the process of creating software, which is a collection of instructions that tell a computer how to perform a task. Software development...

Cybersecurity

Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks1. These cyberattacks are usually aimed at accessing, changing, or destroying sensitive information; extorting money from...